Luxury Resort to Open on Bermuda by 2011

bermuda
 

Developers announced that plans for a new five-star resort hotel on the site of the old Wyndham Beach Resort in Southampton Parish, Bermuda is progressing on schedule.

Scout Real Estate Capital intends to present its proposed plans for the property to the government’s Special Cabinet Committee for approval in early September. Demolition of the old Wyndham hotel is proceeding as planned, with reclaimed copper and concrete being recycled. Scout expects to be in a position to begin construction in the second half of 2009, with an opening date of the new resort set in late 2011.

Preliminary plans for the hotel include more than 150 luxury hotel rooms, a spa, several pools and restaurants and a private club, catering to the needs of both international tourists and local Bermudians. The property will also offer fully serviced beach villas around the property’s three coves.

Current estimates place project development costs at $300 million. The resort hotel is expected to be Leadership in Energy and Environmental Design (LEED) certified under a rating system developed by the U.S. Green Building Council, which defines environmental friendliness and sustainability, according to a written release.

Visit www.scout-capital.com.

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