Two local companies have been hired to help convert the former Grand Atlantic housing complex into a condominium hotel.

Last month Government confirmed that it had signed a contract with international tourism and leisure firm MacLellan and Associates to “upgrade and reposition” the residential development in Warwick, which has remained virtually empty after just two of 78 units were sold.

This afternoon Bermuda Housing Corporation General Manager Major Barrett Dill announced that architectural firm OBMI and realtor Coldwell Banker Bermuda Realty will assist in the “repurposing” of the building, which has been renamed the Bermudiana Beach Resort.

MacLellan and Associates head Robert MacLellan was on island to meet with Maj. Dill last week to discuss details of the project.

This afternoon Mr MacLellan said: “The proposed redevelopment of the Grand Atlantic site will create a condo hotel which will make use of existing construction and bring a new tourism product to Bermuda that is very popular in other jurisdictions.

“The team is confident that repurposing the site can result in a new tourism-related offering which will entice vacationers with an array of amenities; a spectacular ocean side location; and numerous existing local business establishments who will benefit from an increase in demand for their goods and services and will work hard to make it a reality.”