Ground Lease Finalized For St George’s Hotel

March 2, 2016

[Updated] “The Bermuda Government and Desarrollos Hotel Group have finalized the hotel ground lease that paves the way for the ground breaking of the $150 million St. Regis Luxury Development,” Premier Michael Dunkley announced today

Speaking at a press conference, the Premier said, “On October 20th last year, we announced that the Bermuda Government and the Desarrollos Hotelco Group had finalized the Master Development Agreement for the St. George’s tourism development site.

Desarrollos Hotelco Group Agreement Bermuda, March 2 2016-5

“Today is another significant milestone for the St. George’s resort development, as the Government of Bermuda and Desarrollos Hotel Group have finalized the hotel ground lease that paves the way for ground breaking of a $150 million St. Regis luxury development.

“It is very clear that this project will generate jobs in both construction, and when the resort is operational in a few years time.

“The development plans for the 124 acre site include a 122 room St. Regis Hotel, a spa, a renovated St. George’s golf course, residential condominium buildings and a casino.”

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Comments (40)

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  1. wahoo says:

    Nice!

    • Waiting for the protesters that opposed this under de other Government.
      Mmmmmm

      • LiarLiar says:

        No one opposed the previously proposed development from my memory.

        People were upset because the PLP forced the closure of the golf course and a Bermudian owned beach bar business (so much for standing strong huh?).

        But no one protested.

        What are you going on about?

        Can’t you just be happy for Bermuda for once. Or does your hatred of white people, foreigners and your love of the PLP trump all things?

        • Just returning the sentiments that you all were doing when de other Dreamers were Government.

          • be realistic says:

            I think you mean ‘the’ other dreamers…not ‘de’

      • Toleratate says:

        Queue b!tch!ing about beach access. Ahhh, that should slow the Project down for a couple of years.

        SMH

        • Tolerate says:

          lol, you know it’s true don’t hate. Tell me that I am wrong when saying in the VERY near future, this will be the next focus of protest.
          You know I ain’t lying….

          • mixitup says:

            they shldn’t have to protest for beach access in their own parish…

    • Think about it says:

      Any Hotel Group that wants to build a large scale investment here is going to want a casino. That’s the only reason this deal was made. I hope they don’t request $400 a night for a room.

      • Lois Frederick says:

        They said a casino is seen as an amenity much like a golf course. A St Regis hotel is a high end hotel brand and will command the $400 room rate.

        • Kindley says:

          That is a problem. Don’t destroy St. George’s with a high end hotel and casino. Something nice / affordable / golf course would be so much better.

      • Damn says:

        Think more like 800 for a single

  2. What? More Good news? says:

    Based upon the noise in other areas from the shrill immoral minority–you would think Bemruda is falling to pieces–Not so fast:

    1) Moody’s acknowledges Bermuda’s approach to tackling its fiscal nightmare;
    2) Thanks to the BMA paving the way for Solvency II equivalence, XL has made a very big decision to re-domicle to Bermuda–this is massive and could be the tip of the iceberg for tohers to follow–
    3) a hotel project on the back of Pink Beach and major and continuing upgrades to Hamilton Princess; and
    4) let’s not forget the positive global and local economic reaction to the America’s Cup

    I do believe that the OBA are on target for achieving quite alot in their first two years in GVT–no need to compare to last administration.

    Thank you OBA for helping to resusitate Bermuda!!!

    • The PLP Did it!?!?! says:

      How much does the OBA pay you to comment on Bernews. Just curious.

      Also, They been there for 39 months, not 2 years, but who is counting right.

      But if you say 2 years, I have to ask – is that you?

      • Thanks for the comment PLP DID it says:

        Thanks for the comment.
        To be clear–I am not a paid OBA or PLP blogger.

        I focus on the issues that are going to drive our country forward for the beenfit of ALL Bermudians.

        I am sorry for you that you perceive this differently.

        I am part of the part of the solution not problwm

        Have a blessed day!

  3. Had Enough says:

    waiting…….for the negative

  4. rhonda says:

    Thumbs up…. To the 300 who chased the other developers away… For your silence now..

  5. swing voter says:

    $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

  6. San George says:

    Did he say they will be building the casino first and the hotel will come later? Shake-down! That’s what I would do.

    Quo Fata Ferunt

    • Lois Frederick says:

      No, that is not what he said. I suggest you watch the whole video before commenting.

  7. Unbelievable says:

    The Progressive Labour Party HATES this announcement.

  8. The PLP Did it!?!?! says:

    We should have press conference when the project actually starts.

    All of these press conferences for the signing of documents is right out of Ewart’s playbook.

    Here is a hint OBA, wait for news to have a press conference. Signing a lease isn’t news.

    More things change the more they stay the same.

    • Unbelievable says:

      I think he promised that he would keep people updated as things moved along. Nothing wrong with that!

  9. Vamos says:

    Securing $150 million in funding isn’t easy. I don’t believe any Casino licences have been given out. I would love for this project to happen (as I would apply to work here), but until there is a real ground breaking I remain very skeptical.

    • My 10 cents says:

      If a reputable hotel company (check!) and the fact a casino (check!)are in play– I would think funding $150M should not be a problem. Most likely though the casino licence will come in play AFTER or at least close to major construction finishing. THEN the gaming company that has been awarded can then finalize the interior layout and design.

      Desarrollos followed by Marriott (who is presently buying Starwood which owns the St. Regis brand) only manage the hotel operations & will not be running the casino—a proper gaming entity will.

    • Damn says:

      Don’t be. It is happening

  10. Shovels says:

    Shovels in the ground – only then will this be real.
    Casino absolutely…. By the time they build this place maybe, just maybe, the gaming commission will grant a license…..

    It is a crying shame that there is NO casino in time for The Americas Cup – even a boat !
    In their wisdom the Gaming Commission said NO. So, such a shame we don’t have that crack going on whilst the worlds media is in Bermuda in May/June 2017.

    The cruise lines will CLEAN UP again ….

  11. Something stinks says:

    Wondering if the protesters will be in the east eventually..
    Well done OBA. Let the negativty continue.. A sign of weakness.

  12. Me says:

    Can someone tell me if it is true that the hotel will be built at the bottom of the hill in front of the beach and you will have to pass through the hotel property to access Fort St. Catherine’s

  13. MB says:

    When will they learn…sigh…do the press conference when you stick a shovel in the ground and keep it in the ground…until then, sorry but I will only believe this will happen when I see it.
    That site is not very big for all that they plan either, and sandwiched in a built up residential area. challenging to plan a luxury resort of this scale there

  14. Coffee says:

    From today onwards ,Tell me when to exhale !

    • jt says:

      Don’t worry, I’ll let you know. Until then….

  15. Oh My says:

    Does anyone know if the beach is privatized in the ground lease?

  16. wow says:

    Where is Mr. Kenny Bascome?

    • Lois Frederick says:

      To the right of Cannonier. Watch the video. He speaks.

      • smh says:

        Will someone please tell the OBA to keep Cannonier out of these photo ops. No one wants him anywhere near a Government contract given his history

        • Coffee says:

          The pie grabbers are many in that party .. Have you seen the new cars of some of the newly minted Government MP’s . Are they giving away BMW’s and Mercedes to these people ?

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