Greens buy St Lucia luxury resort
Bermuda’s Green family have acquired Sugar Beach, a luxury resort on the Caribbean island of St Lucia.
Alexander Green announced the purchase on Instagram.
A spokesperson for the Green family said: “We can confirm that the Green family has recently finalised the purchase of five-star resort in St Lucia, Sugar Beach, a Viceroy Resort.
“They are pleased to be in the process of expanding their portfolio, investing at home in Bermuda, with the recent purchase and development of Point House, and expanding abroad with luxury acquisitions such as this one.”
Sugar Beach sits on more than 100 acres of rainforest on the site of an 18th-century sugar plantation in the town of Soufriere, on St Lucia’s west coast.
Views are of the Caribbean Sea, and the Unesco World Heritage-listed Val des Pitons, twin volcanic mountains on either side of Jalousie Bay.
Resort amenities include plunge pools in every room, butler service and 24-hour in-room dining.
The Green family’s property portfolio includes Hamilton Princess and Beach Club, the Point House office building on Hamilton’s waterfront as well as the Overbay and Waterloo House developments.
The Greens purchased the Princess from Global Hospitality Investments in 2012, and embarked on a three-year, $100 million renovation that included a new marina, two additional restaurants, new spa and pool facilities, a revamped retail corridor, renovated rooms, and an original art collection that includes works by Andy Warhol, Banksy and Damien Hurst.
Last month, the Greens announced the purchase of the HSBC building on the Hamilton waterfront. Re-named Point House, the 80,000 square foot property is to be re-designed and renovated with a target completion date of December 2020.
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