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Bahamas leads region for exclusive hideaways

The Bahamas has emerged as the most attractive Caribbean destination for developers, as well as for celebrities and other wealthy individuals seeking private hideaways. 

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Date:
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Latin American Herald Tribune
Tuesday, April 28, 2015
Tuesday, April 28, 2015

SAN JUAN (LAHT) – The Bahamas have emerged as the most attractive Caribbean destination for developers as well as for celebrities and other wealthy individuals seeking private hideaways.

Although many Bahamian real estate firms are reluctant to give out information on buyers, the identities of some have become public.

It is known that in 2004, after shooting the first “Pirates of the Caribbean” film in the Bahamas, actor Johnny Depp (pictured, top) paid $3.6 million for a 45-hectare (111-acre) cay.

The actor is said to have created an environmentally friendly oasis on the island, which relies largely on solar energy.


JRJulia Roberts (left) is among the many other Hollywood stars to have acquired property in the archipelago near the Florida coast.

The Bahamas consists of some 700 islands and about 10,000 uninhabited cays that can be had for prices ranging from $750,000 to $62 million, according to Canadian firm Private Islands.

This is an excerpt from Latin American Herald Tribune as it appeared on April 28, 2015. For updates or to read the current version of this post in its entirety, please click here.

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The Bahamas, represented by the Bahamas Financial Services Board and the Insurance Commission of The Bahamas, is participating and exhibiting in the RIMS 2015 Annual Conference and Exhibition taking place this week in New Orleans.

US hospitality management company has announced this week that it has acquired The Cove, a luxury beachfront resort on the Bahamian island of Eleuthera, from New Orleans-based businessman Sidney D Torres IV.

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