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Grand Isle Resort & Spa completes 100 per cent home-ownership

The oceanfront villa resort located on Emerald Bay in Great Exuma has completed the sale of its remaining units to a Canadian developer. The resort consists of 78 luxuriously appointed one- to four-bedroom villas and penthouses for sale and rent. 

Thursday, May 31, 2012
Thursday, May 31, 2012

Grand Isle Resort & Spa has finalized its transition to 100 per cent home-ownership with the sale of 31 remaining villas to Peter Nicholson of Ottawa, Canada.

Nicholson purchased the units from Textron Inc, the financier who owned the units following default on the part of the original developer. Over time, Nicholson intends to sell most of the units he has purchased, and has already made several sales. “Grand Isle is a gem. The location, staff, amenities and overall extremely high quality levels are very impressive to our prospects. Of the 31 units we purchased, four have already sold, and we have very high interest on several others.”

While Nicholson has sold the first few at introductory pricing, his listing prices are going up as the demand increases.

“We are pleased to have Peter and his team join us as fellow homeowners,” says Grant Castle, executive director of Grand Isle. “Peter has been very active in bringing friends and colleagues to the resort to see it for themselves. He has added a great deal of energy to the resort with his outreach efforts.”

Located on Emerald Bay in Great Exuma, Grand Isle Resort & Spa is a stunning oceanfront villa resort. Grand Isle consists of 78 luxuriously appointed one- to four-bedroom villas and penthouses for sale and rent, each with fully equipped kitchens, spacious living areas, high-end amenities, and extraordinary views.

Chairman of the Bahamas Chamber of Commerce and Employers Confederation Chester Cooper has said that small and medium-sized enterprises in The Bahamas greater access to capital and more support from the government.

The newly elected Prime Minister of The Bahamas, Perry Christie, delivered the 2012/13 Budget Communication to Parliament May 30. View or download a PDF of the communication here.

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