GREEN FAMILY ACQUIRES SOUTHAMPTON BEACH RESORT

Posted by on Mar 18, 2013 in Local News & Alerts | 0 comments

The Green Family is delighted to announce, effective today, the purchase of the Southampton Beach Resort (formerly Sonesta Beach Hotel) from a U.S.-based financial institution.

 

The Family intends to now review and analyse the previous plans for the site, as developed by Southampton Beach Resort, and will in due course meet with Government, planning and relevant stakeholders to consider the best product for the site, and for Bermuda. That process is already underway, but may take some time to complete.

 

Andrew Green on behalf of the family says: “We understand that there may be interest in our plans for the land, and particularly given our ownership of The Fairmont Hamilton Princess, however it is important that we now take some time to consider all the appropriate options. For now our main focus continues to be planning for The Fairmont Hamilton Princess upgrade and, when that is complete, we will work to see how we can best utilise the former Sonesta property.”

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