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Enchantment Group buys The Cove, Eleuthera

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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TheBahamasInvestor.com
Tuesday, April 28, 2015
Tuesday, April 28, 2015

Enchantment GroupSidney D Torres IVEnchantment Group, a US hospitality management company focused on resort destinations, 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 (pictured) and IV Capital.

The 40-acre property, located on the island’s northern end, is just 45 minutes from South Florida. It is serviced by daily flights from Ft Lauderdale, Miami and Nassau into North Eleuthera and Governor’s Harbour airports.


The resort includes seaside villas, cottages and suites, a hilltop infinity pool, open-air sunset bar, restaurant and sushi bar. Enchantment Group will also manage the property, potentially building a spa and additional waterfront suite accommodations.

The Cove is the newest addition to the Enchantment Group collection, which also includes Enchantment Resort; Mii amo, a destination spa; and Seven Canyons golf club, all in Sedona, Arizona; and the Tides Inn located on Virginia’s Chesapeake Bay.

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

During a recent visit to Exuma, Prime Minister Perry Christie assured residents that "significant" developments will bring new levels of investment and hundreds of new jobs to the island. Watch a ZNS Network news report here.

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