Hashtag: #FairmontSouthampton
OBA Leader: ‘A Bad Deal For Bermuda’
[Updated] Calling it a “bad deal for Bermuda,” Opposition Leader Cole Simons said that by ”conceding 15 years of tax concessions – Bermuda will forfeit revenue estimated at over $128 million dollars just for the hotel.” Mr Simons was speaking about the ‘Fairmont Southampton Hotel Act 2022′, which grants a number of customs... Read more of this article
Column: MP Caesar On Tourism, Hotel & More
[Opinion column written by MP Crystal Caesar] The Government’s support for the development project on the Fairmont Southampton site is essential to jumpstart our tourism industry and add desperately needed hotel beds to our product. It will mean hundreds of jobs and opportunities for Bermudians. Over the years, successive governments [UBP, PLP and... Read more of this article
BTA: “Important Move For The Tourism Industry”
“This is an important move for the tourism industry” and “we look forward to the return of the Fairmont Southampton’s inventory of rooms, conference facilities and the hundreds of jobs it will bring,” BTA CEO Charles Jeffers II said following the tabling of the Fairmont Southampton Act in the House of Assembly today. Background The... Read more of this article
Fairmont Southampton Act Tabled In House
[Updated] Minister of Tourism Vance Campbell will be delivering remarks in the House of Assembly today [April 22] on the ‘Fairmont Southampton Hotel Act 2022′, and a Bill by the same name is listed on the Order Paper under Government Bills. The hotel has been closed for some time, and last month Westend said they have “obtained third-party... Read more of this article
Over $300 Million Obtained For Fairmont Project
Westend said they have “obtained third-party institutional debt and equity investors for the Fairmont Southampton in excess of $300 million,” and noted that the “target is to commence the re-development this summer with a plan for a grand re-opening in 2023.” This was part of a full statement provided by the developers, who also... Read more of this article
Column: Hotel Redevelopment, Jobs & More
[Opinion column written by PLP MP Anthony Richardson] The Progressive Labour Party is delivering on our promise to get Bermudians back to work with the Agreement in Principle [‘The Agreement’] announced by the Premier and Minister of Finance on Friday. The Agreement between the Bermuda Government and Westend Properties Ltd to redevelop the Fairmont... Read more of this article
Financing Secured For Fairmont Redevelopment
“Westend Properties has secured highly-reputable international lenders for the $190+ million redevelopment” of the Fairmont Southampton resort, the company announced today. A spokesperson said, “The funding for the Fairmont Southampton redevelopment is in its final stages with the announcement of an agreement being made between the... Read more of this article
Audio: Premier On Fairmont Southampton
[Updated] Premier David Burt is delivering remarks in the House of Assembly today [March 25] to provide an update on ‘Fairmont Southampton Hotel Redevelopment’. We will update with the full statement as able, and in the meantime the live audio is below. Update 10.15am: Premier Burt said that “the Government of Bermuda and Westend... Read more of this article
Column: Importance Of Southampton Princess
[Opinion column written by MP Zane Desilva] For the same OBA that concealed the $165 million Morgan’s Point Guarantee and the $100 million spent on America’s Cup until the last possible moment to now run their mouths on this issue is hypocritical at best and disingenuous at worst. First the facts. No guarantee has been finalised to Gencom... Read more of this article
BTA: ‘Reopening Of Hotel Will Play Critical Role’
“The reopening of the Fairmont Southampton will play a critical role in accelerating our tourism recovery efforts,” BTA CEO Charles Jeffers II said, while BTA Chairman Wayne Caines said “the reopening of the Fairmont Southampton will be a major boon to the sector delivering a multitude of benefits to Bermuda’s economy.” BTA... Read more of this article
BIU Support Govt Guarantee For Fairmont Hotel
Citing the “significant value of this hotel to our economy,” BIU President Chris Furbert said that the Union would support a Government guarantee for the Fairmont Southampton, noting that the hotel will provide over 700 jobs, decrease the number of Bermudians that are unemployed and “provide a much-needed boost to our economy.” Noting... Read more of this article
Premier On Fairmont Hotel & Bermudiana Beach
The Cabinet has approved the “preparation of a special Act of the Legislature to ensure that the Government’s support” for the Fairmont Southampton project is “cemented in statute,” Premier Burt said, with the Premier also providing an update on the Bermudiana Beach Resort, saying that “construction will proceed in... Read more of this article
