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Lifestyles – Sandals Emerald Bay Resort – video

The all inclusive, couples only resort chain Sandals has been building a brand name in the Caribbean region based on quality service and exclusivity. Last year the Jamaican hotel company added the "jewel in the crown" to its portfolio when it opened Emerald Bay in The Bahamas' Family Island of Great Exuma. 

Friday, July 1, 2011
Friday, July 1, 2011

When the opportunity arose to purchase the former Four Seasons resort on Great Exuma, Butch Stewart, founder of Sandals resorts was quick to move on it.

Adam Stewart“We know the property well,” says his son and Sandals chief executive officer Adam in an interview in the July 2010 issue of The Bahamas Investor. “Eighteen years ago we went down there and looked at the land before it was developed, but we didn’t have any intention to buy the property. Then, in June last year, we heard on the grapevine that the site was coming up for grabs and the receivers had broken the lease with Four Seasons. We quickly made some phone calls and closed the deal in 45 days.”

That deal, worth $26 million, bought the Stewarts a 500-acre chunk of paradise on the northern shore of Great Exuma island, into which they have since sunk a further $20 million to “Sandalize” the existing Four Seasons resort.

“We have three architects and 16 interior designers that work for us full time. We had a crew at the Emerald Bay site within days of closing the deal,” says Adam, explaining how the resort was up and running and ready for its first guests within six months of purchase.

“When we take over hotels, we try to look to see where the previous owners went wrong. Four Seasons is an amazing hotel company, but they are a big company. We on the other hand are a pioneering, innovative company that can bob and weave a lot easier than the bigger guys. We can react quickly to what the customer wants. And what they were saying to us about the Four Seasons resort was that it was beautiful, but did not have enough facilities or entertainment. It had no soul. Basically, it was a diamond that needed polishing.”

For more information visit the Sandals Emerald Bay website

The lead Investing feature in the July issue of The Bahamas Investor magazine focuses on the strong investment ties existing between The Bahamas and its wintry northern neighbour. Canadian financing and expertise have been involved in fields as diverse as trade, banking, insurance and real estate development.

The swelling ranks of high-net-worth individuals in the Latin American market are attracting the attention of financial services providers in The Bahamas. One of the top stories in the Investing section of the July issue of The Bahamas Investor looks at how proximity to the market, a wide range of services and unique products all make the offshore jurisdiction a front-runner in the race to manage this emerging wealth.

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