New owners’ bold vision for Fairmont Hamilton Princess

Make text smaller Make text larger

  • <B>New generation of hotelier:</B> Andrew Green, 32, brother Alexander and father Peter, are the new owners of the Fairmont Hamilton Princess.

    New generation of hotelier: Andrew Green, 32, brother Alexander and father Peter, are the new owners of the Fairmont Hamilton Princess.
    ((Photo by Akil Simmons))

  • <B>In new ownership: </B>An aerial view of the Fairmont Hamilton Princess hotel.<B></B>

    In new ownership: An aerial view of the Fairmont Hamilton Princess hotel.

  • <B>New generation of hotelier:</B> Andrew Green, 32, brother Alexander and father Peter, are the new owners of the Fairmont Hamilton Princess.

    New generation of hotelier: Andrew Green, 32, brother Alexander and father Peter, are the new owners of the Fairmont Hamilton Princess.
    ((Photo by Akil Simmons))

  • <B>New generation of hotelier:</B> Andrew Green, 32, brother Alexander and father Peter, are the new owners of the Fairmont Hamilton Princess.

    New generation of hotelier: Andrew Green, 32, brother Alexander and father Peter, are the new owners of the Fairmont Hamilton Princess.
    ((Photo by Akil Simmons))

  • <B>Ready for the challenge:</B> Andrew Green, 32, brother Alexander and father Peter, are the new owners of the Fairmont Hamilton Princess.

    Ready for the challenge: Andrew Green, 32, brother Alexander and father Peter, are the new owners of the Fairmont Hamilton Princess.
    ((Photo by Akil Simmons))


A marina that can accommodate superyachts, a waterfront restaurant, revamped swimming pools —- and maybe even a casino one day if the law allows it.

That’s the vision of the new Bermudian owners of the Fairmont Hamilton Princess, who will spend “a minimum” of $50 million to enhance and upgrade the historic hotel.

Thirty-two-year-old Andrew Green, who along with brother Alexander, 34, and their father Peter, now own the hotel, sat down yesterday with The Royal Gazette to talk about the family’s plans for the property and ways to improve tourism.

Allowing casinos in Bermuda may not be the absolute answer to reviving tourism but, Mr Green said: “Certainly a casino will create new revenue streams.”

And he noted that one study done had found around 30 percent of tourists said allowing gambling is something Bermuda should consider and “certainly we can’t ignore that”.

Mr Green revealed his wealthy family had been looking to invest in a Bermuda hotel property for the past few years, having been previously involved in luxury London hotels Claridge’s, the Berkeley and the Connaught.

“We were looking at a few sites really, but we came to the conclusion that the best opportunity was to take on an existing hotel and upgrade it,” he said, adding, “We looked very closely at doing a deal at some other properties, but really we couldn’t get it to work financially.”

They were also attracted to the Fairmont Hamilton Princess, because it had both business and leisure business potential, he said.

He said Bermuda did not necessarily need more hotel rooms, it just needed to upgrade the properties it has.

Asked whether the family had been concerned about the closure of major hotels on the Island and previous troubles of Tucker’s Point, Pink Beach Club, and Newstead Belmont Hills, he said: “Everybody knows Bermuda is not necessarily the cheapest place to do business, but the Fairmont Hamilton Princess’s unique advantage is being in Hamilton.”

He added that the hotel’s occupancy was “a lot higher than expected”.

The Fairmont Hamilton Princess is just a block from the Greens’ new $100 million Waterloo House commercial and residential development, which already is 90 percent leased by companies, including a new hedge fund.

The family has declined to disclose terms of the deal to purchase the hotel from Global Hospitality Investments.

Mr Green said the $50 million cost of enhancing the property will come from a combination of debt and cash.

“We need a few months to evaluate the options and consider how best to renovate the hotel once we’ve had a closer look at the engineering but we would aim to commence [work] within a year,” he said.

“With a hospitality development project of this scale, the most important thing is to avoid disruption to guests as far as possible as we don’t want to jeopardise their enjoyment. Any renovations would be done in consultation with Fairmont in order to use their expertise at minimising any disruption. Recommendations are the lifeblood of a hotel. It’s early days yet and we’ll communicate our development plans once they have been finalised.”

But Mr Green said they will be going forward with a 60- to 90-berth marina that can accommodate superyachts, which he feels is “a market Bermuda is missing out on”. They want to create a restaurant by the harbourfront and continue the guest room renovations begun by the previous owner. A substantial upgrade of the swimming pools is also planned in the hopes of encouraging more leisure visitors and families with children.

Mr Green said he saw the hotel as having a dual business and leisure clientele: “We have business people Mondays to Fridays and could have families on the weekend.”

On boosting tourism, he said: “I think the biggest issue Bermuda tourism has is awareness of where Bermuda is. Very few people know we are one-and-a-half hours away from the US East Coast.

“And we have a much longer tourism season than say, the Mediterranean or a ski resort. But they make it work so we should be able to make it work with our season.”

Both the Green brothers were educated at Saltus in Bermuda and then Brown University. Their father still lives in Bermuda on Marshall’s Island. Their mother Mary-Jean died at the age of 38 of breast cancer. The Mary-Jean Mitchell Green Foundation was created in her memory.

You must be registered or signed-in to post comment or to vote.

Published Oct 3, 2012 at 8:46 am (Updated Oct 3, 2012 at 8:45 am)

New owners’ bold vision for Fairmont Hamilton Princess

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • What will be the best way to create needed new jobs?
    • Attract more international companies
    • 29%
    • Grow the population
    • 10%
    • Reduce the number of non-Bermudian workers
    • 14%
    • Develop new business sectors other than international business and tourism
    • 36%
    • Retrain the workforce
    • 12%
    • Total Votes: 5529
    • Poll Archive

    Today's Obituaries