Bahamas’ Abaco Club Sold

By: - December 13th, 2014

Above: the Abaco Club in the Bahamas

By the Caribbean Journal staff

The Abaco Club on Winding Bay on the Bahamian island of Great Abaco has been sold to Southworth Development.

The company acquired the property from Marriott Vacation Club in partnership with a consortium of members and residents of the Abaco Club.

The property includes two miles of beach and a “tropical links” golf course, among other features.

“We welcome Southworth Development’s involvement in The Abaco Club on Winding Bay and look forward to working with such a renowned group,” said Bahamas Prime Minister Perry Christie. “Renewed interest and long-term investment in the property will benefit Great Abaco and The Bahamas in the form of increased home building, tourism and jobs.”

Southworth is a developer of residential resort communities.

The company said it was planning a “multimillion-dollar renovation” of the existing facilities, which will begin immediately.

The property will also see a new golf practice facility, along with a new marina and boathouse.

“The Abaco Club has everything money can’t buy,” said David Southworth, president and CEO of Southworth Development. “It’s a gorgeous setting, with a well thought out master plan and a passionate membership. It’s a perfect complement to our existing properties and we look forward to taking this world-class facility to an even higher level.”

The Abaco Club, which was originally developed by Peter de Savary, first opened in 2004; it was soon managed by the Ritz-Carlton.

Terms of the deal were not disclosed.

Bahamas

Grenada: IMF Approves $2.9 Million Disbursement Following Review

Above: Grenada (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has completed its first review of Grenada’s performance under a three-year programme supported by an Extended Credit Facility. The review’s completion means Grenada will now receive a disbursement of $2.9 million. “The Grenadian authorities are implementing their Fund-supported economic program […]

Bahamas

Haiti to Receive $70 Million Grant to Expand Caracol Industrial Park

Above: a power plant at the Caracol Industrial Park By the Caribbean Journal staff Haiti will be receiving $70 million in grant funding to expand its business facilities at the Caracol Industrial Park in the north of the country. The funding is coming in the amount of $55 million from the Inter-American Development Bank, co-financed […]

Bahamas

Southwest Airlines Adding New Caribbean Flights From Houston

Above: a Southwest Airlines plane By the Caribbean Journal staff Southwest Airlines is ramping up its Caribbean operations from a major US source market: Houston. The company announced this week that it had filed applications with the US Department of Transportation requesting approval to serve six new destinations in the Caribbean and Mexico out of […]

At Miami's Casabe 305, Caribbean Food With a Venezuelan Soul

Above: the “yucatecos” tostones at Casabe 305 (all photos by CJ) By Alexander Britell MIAMI — The meal was over. The espresso was down to the last drop. And then the cheesecake came. It didn’t look like cheesecake; it was a dark, golden brown, more like its floured counterparts — like a muffin. It was […]

Rum Journal: In Anguilla, The Best Kind of “Crappy” Rum Punch

 By Sarah Greaves-Gabbadon CJ Travel Editor By the end of your stay at Anguilla bed-and-breakfast Las Esquinas, you’ll have enjoyed the intimacy of a guest house, the luxury of a private villa, and the amenities of a hotel. But first, within minutes of arriving, you’ll enjoy something else: Las Esquinas’ Crappy Rum Punch. Why “crappy?” “Well, […]

Major New Caribbean All-Inclusive Resort Debuts in Jamaica

 Above: the “yucatecos” tostones at Casabe 305 (all photos by CJ) By Alexander Britell MIAMI — The meal was over. The espresso was down to the last drop. And then the cheesecake came. It didn’t look like cheesecake; it was a dark, golden brown, more like its floured counterparts — like a muffin. It was […]

Sandals Expanding Grenada Operations

 Above: Sandals and Grenadian officials this week By the Caribbean Journal staff Sandals is expanding its footprint in Grenada. The company announced Thursday the “imminent” establishment of a new sales and marketing centre for Sandals Resorts International and a new conference centre on the island. The investment in both projects will total more than $1.6 […]