Bahamas superyacht marina reopens after redesign
Hurricane Hole Superyacht Marina in the Bahamas has opened following an extensive redesign and expansion. Philip Davis, Prime Minister of The Bahamas, officially reopened the marina last week.
Owned by private equity and real estate investment firm Sterling Global Financial, the marina, on Paradise Island, can now host superyachts up to 420ft (128m) in length.
Khaalis Rolle, president, Sterling Global Advisory Services, told Superyacht Investor that the completion of the project makes them a top competitor in the region.
“We undertook a very extensive renovation and upgrade project and that has probably positioned as one of the most modern arenas in this hemisphere,” he said. “Our largest docks are 420ft, then we have a few 266ft docks and a whole bunch of 200ft docks.”
Rolle added that so far, business seems to be steady, despite some reports of a decrease in traffic to the region at the beginning of the season.
“I think that report came from that article came from the former head of the Association of Marina Owners,” he said. “He did indicate that in his experience, the market was softer than usual.
“But in our experience, business has picked up quite a bit. We’ve had a lot of bookings and enquiries, so we anticipate that the Christmas season will be very robust.”
The rebuilt marina will also provide homes around Paradise Island as Sterling Global’s Paradise Landing residential project. The residences will offer access to the island’s restaurants, stores, beaches. Paradise Island is located off the northern coast of New Providence Island in the Bahamas.
David Kosoy, executive chairman and founder of Sterling Global Financial said. “We’re proud of what the Hurricane Hole Superyacht Marina means for The Bahamas and Bahamian economy, as we celebrate the start of an exciting new chapter of the marina’s long, storied legacy on Paradise Island.”