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Pictured: Aerial view taken December 2019 showing construction of the Goldwynn Resort and Residences on West Bay Street. (Photo courtesy Goldwynn/The Wynn Group of Companies)

Still two years from completion, the Goldwynn development on Nassau’s Cable Beach strip is seeing high interest, with $50 million in sales under contract for the luxury residences.

The $200 million boutique resort, which broke ground May 2018, is expected to open in 2021. The complex will include a condo hotel and private residences, which start at $675,000 for a studio and range to just under $4 million for a penthouse.

Goldwynn’s executive director of sales Matthew Marco said almost 40 per cent of the property is now sold which is indicative of a growing interest in The Bahamas from global real estate buyers.

“I have never seen so much interest in The Bahamas,” he said. “The high-end second home market and the rental market are on fire.”

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Prime Minister Minnis highlighted the accomplishments of his administration since coming to office in May 2017 in a communication to the House of Assembly on Wednesday 11 December.

The Prime Minister pointed to advancements in education, stabilizing the economy, billions of dollars in international investments, reducing crime and creating thousands of jobs, among other achievements.

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Leno Corporate Services has announced that it has successfully completed the $103 million acquisition of The Bank of The Bahamas’ trust portfolio, bringing its total assets under management to more than $800 million.

The announcement followed approval by The Central Bank of The Bahamas for a newly licensed entity, Leno Trust.

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Parris Jordan, an HVS managing director and the chairman of the Caribbean Hotel Investment Conference & Operations Summit (CHICOS), has announced that the 10th anniversary edition of CHICOS, scheduled for November 12-13, 2020, will be hosted at the Grand Hyatt at Baha Mar in Nassau, The Bahamas.

“It’s a thrill for us to celebrate our 10th anniversary of the conference in The Bahamas,” says Jordan.

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CEO of Citigroup Michael Corbat and Donna Corbat, accompanied by Citi Country Officer Margaret Butler, paid a courtesy call on Prime Minister Dr Hubert Minnis at the Office of the Prime Minister December 6.

Vukota Capital Management (VCM) has announced that VCM Lodging Enterprises has acquired 45 geographically diversified Wyndham-branded hotels serving US railway crews in a deal worth $215.5 million.

VCM has offices in Denver, Colorado, and Nassau in The Bahamas.

The portfolio is comprised of 3,840 rooms across 23 states alongside major US railroad lines. Each hotel is supported by a contract with one of four large North American railway partners.

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Minister of Tourism and Aviation Dionisio D’Aguilar was interviewed by NBC’s Golf Channel as part of promotional activities around the Hero World Challenge held at Albany in The Bahamas last week.

The event brings invaluable exposure for the islands of The Bahamas and sports tourism.

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The establishment of Bahamas Customs and Immigration pre-clearance of flights in Florida is being tested by the Ministry of Tourism to improve access to Family Island destinations and diversify tourism centres across The Bahamas, Prime Minister Dr Hubert Minnis said at the end of last week.

The pre-clearance system was initially put in place by the Ministry of Finance and Bahamas Customs to facilitate the delivery of relief supplies to Abaco and Grand Bahama after Hurricane Dorian.

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Tiger Woods’s Hero World Challenge is in full swing at Albany in The Bahamas.

Minister of Tourism and Aviation Dionisio D’Aguilar met Tiger Woods at the New Providence luxury community resort.

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