By Alexander Britell

Another significant hotel project has broken ground in one of the Caribbean’s fastest-growing centers of hotel investment: Nassau.

The $120 million “GoldWynn” project, set on the eastern end of Goodman’s Bay Beach, will be a five-story, boutique beachfront hotel development.

The project is the brainchild of Paul Wynn of the Wynn Group of Companies investment and development firm.

It will be managed by Small Luxury Hotels, according to the company.

The groundbreaking ceremony in Nassau.

Construction is slated to begin in July 2018, and is scheduled for completion in December 2020.

The project includes a mix of private residences and a condo-hotel, with amenities like a beachfront infinity pool, seaside dining, a theater, a spa, a tennis club, a “social house and gallery” and a rooftop terrace and pool.

It will feature a total of 90 rooms, 25 of which will be condominium units, along with a planned total of 64 residences.

“I note that the developers are committed to a beautification plan for Goodman’s Bay, a favorite beach, recreation and exercise park for Bahamians and residents,” said Bahamas Prime Minister Dr Hubert Minnis, who was on hand for the groundbreaking this week.

Minnis said the project would “help to further transform Cable Beach.”

The project is the latest in a wave that includes the recently-announced Margaritaville at The Pointe in downtown Nassau and the recently-completed Baha Mar project, which debuted its Rosewood component this week.

The planned Margaritaville in Nassau.

Another $250 million project was recently announced for the Hurricane Hole marina site on nearby Paradise Island.

A release suggested that the GoldWynn would be branded as a Kimpton; a Kimpton spokeperson, however, told Caribbean Journal that while the company had been “exploring a deal [in Nassau], we do not have anything confirmed at this point.”