First Bermuda Development In Decades
-- Hotels, 12/31/2007 11:00:00 PM
Southampton, Bermuda — Bermuda Premier Dr. Ewart F. Brown has joined with Scout Real Estate Capital to launch the development of Bermuda’s first new luxury hotel in decades. Replacing the existing Wyndham Beach Resort in Southampton, the new 5-star hotel is planned for the 32-acre (13-ha) oceanfront site and is expected to open in 2010.
The new Southampton Beach Resort will feature a 150-guestroom hotel, a luxury spa and fitness center, several pools and restaurants. The property will also include a variety of retail and shopping venues.
Scout acquired the property in 2006 with financial backing from Lehman Brothers. Demolition is expected to take nine to 12 months with construction starting immediately thereafter.
The new resort will be one of the most environmentally advanced hotels of its kind. Scout will employ state-of-the-art sustainability best practices and materials in the construction and operation of the property. As a result, the hotel is expected to consume less energy and water per square foot than any other hotel on the island.
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