Hashtag: #NewsteadBelmontHills

Bushara Wins 2013 Hotelier Of The Year Award

The Bermuda Hotel Association [BHA] announced today that, at their recent Christmas function, the Hotelier of the Year Award of 2013 was awarded to Mr. Bushara K. Bushara, General Manager of Newstead/Belmont Hills Hotel. Mr. John Harvey, CEO of the BHA, said: “Bushara has given great service to the hotel industry, his hotel, and our community over... Read more of this article

BEPRO Summer Kick Off Party at Newstead

Bermuda’s Emerging Professionals (BEPRO) are holding a summer Kick Off party to relaunch the newly re-branded organization and introduce the newly elected Board members, as well as offering an opportunity for individuals to renew their membership or to sign up as a new member. A division of the Bermuda Chamber of Commerce, BEPRO is aimed specifically... Read more of this article

BDA: ‘Not Reflective of a Platinum Period’

Bermuda Democratic Alliance Leader Craig Cannonier said “Obviously it is sad to hear of the receivership of the Newstead/Belmont Hill resort. This is sadly yet another indicator that all is not well in Bermuda’s tourism industry and is certainly not reflective of a platinum period in tourism.” This past Monday [Jan 17] the Newstead... Read more of this article

Newstead Belmont ‘Bad News for Bermuda’

[Written by Cole Simons, Shadow Tourism Minister] The takeover of the Belmont-Newstead hotel operations is bad news for Bermuda. It closes out a fully Bermudian operation. It casts doubt on the Island’s tourism viability. It raises concerns about other hotel properties and the bank’s own obligations. And it makes us wonder whether the Government... Read more of this article

Premier, Tourism Minister On Newstead

Following the Newstead Belmont Hills Golf Resort & Spa being placed in receivers’ hands after the Bank of N.T. Butterfield & Son Ltd. called in a multi-million dollar loan, Premier Paula Cox said the paramount concern is for the hotel to be in a position to continue as a going concern. Speaking on the Harbour Road tourism/residential property,... Read more of this article

Newstead: Ernst & Young Appointed Receivers

Officials have confirmed our report this morning that Newstead Belmont Hills Golf Resort & Spa was placed into receivership. The statement says that Ernst & Young Ltd., Bermuda have been appointed Receivers and Managers, and that “operations will continue to run under the management of the Receivers. The Receivers do not anticipate any... Read more of this article

Newstead Belmont Hills In Receivership

[Updated] Bernews unofficially understands the Newstead Belmont Hills Golf Resort & Spa was placed into receivership by the Bank of N.T. Butterfield & Son Ltd. this morning [Jan. 17]. Further details are expected to be announced later today. The old Belmont Hotel — shuttered in 1998 — was purchased by Belmont Hills Property Ltd.... Read more of this article