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BAHAMAS: GoldWynn to Add to Cable Beach Transformation

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#Bahamas, May 24, 2018 – Nassau – Prime Minister, Dr. the Hon. Hubert Minnis took part in the Groundbreaking Ceremony of GoldWynn Condo-Hotel and Residences – another development pegged to aid in the further transformation of the western strip.

This comes on the heels of the recent opening of Rosewood Baha Mar, the third of three luxury brand hotels at Baha Mar, at which the Prime Minister delivered the keynote address, Tuesday, May 22, 2018.

The very next day, he branded The Bahamas a signature destination for global luxury hotels and residential developments.

GoldWynn, located on the eastern end of Goodman’s Bay Beach, within the Cable Beach strip, will be a five-storey upscale boutique, beachfront development of contemporary architecture at an estimated cost of $120 million.

“Today we break ground for another development, which will help to further transform Cable Beach,” the Prime Minister said during his remarks at the groundbreaking ceremony of GoldWynn on Wednesday, May 23, 2018.

 

 

Some of the local properties that are re-branding are Atlantis on Paradise Island; the new owners on Walker’s Cay have pledged to return that cay to its former glory of being “a premiere sports-fishing destination”; and the Government is working “diligently” to attract other brands to Grand Bahama and other Family Islands and cays.

“Over the next many years, the second home market for Bahamians here at home, in the Diaspora, and for non-Bahamians will experience significant growth,” the Prime Minister said. “This growth will help to boost construction, our second largest industry.”

GoldWynn Condo-Hotel and Residences is the brainchild and passion of Paul Wynn, of The Wynn Group of Companies real estate developers, whom the Prime Minister congratulated for his vision.

The development will operate under the Kimpton Hotel and Restaurant brand, and will be managed by Small Luxury Hotels. Construction will begin July 2018 and is scheduled for completion in December 2020.

Approximately 300 Bahamians will be employed during construction, and just over 175 people will be employed once the development is in operation.

The developer has agreed to a training and apprenticeship programme for employees.  This will be done in collaboration with the Ministry of Education and BTVI, which will facilitate the development of various skills.

The developer has also agreed to sourcing and using local agricultural and other products.

 

 

This development includes private residences and a condo-hotel and amenities such as a beachfront infinity pool, seaside dining, a theatre, a spa, tennis club, a social house and gallery, a rooftop terrace and pool.

“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,” the Prime Minister said.

He also noted how beautiful The Bahamas is, particularly its waters as stated by astronauts in their tales from outer space: “We know that from here on Earth that The Bahamas is even more spectacular. We have them in such abundant beauty that we take them for granted. Others are in awe,” the Prime Minister said.

Toward this end he said that The Bahamas must offer more cultural and heritage experiences for visitors.

“Here in New Providence we will need to revitalize Downtown Nassau, build our National Museum, and in due course construct a Native Food Market among other initiatives,” the Prime Minister said.

 

By Lindsay Thompson (BIS)

 

PHOTO CAPTIONS

 

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Prime Minister Hubert Minnis, giving keynote address for GoldWynn Condo-Hotel and Residences groundbreaking, May 23, 2018, along Cable Beach.  (BIS Photo/Peter Ramsay)

 

 

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Groundbreaking ceremony for GoldWynn Condo-Hotel and Residences on May 23, 2018 in the picturesque Cable Beach area.  Prime Minister Minnis is pictured, centre, with Wynn Group CEO Paul Wynn, fourth left; Deputy Prime Minister and Minister of Finance Peter Turnquest, third left; and Minister of Tourism and Aviation Dionisio D’Aguilar, second left, along with other officials.  (BIS Photo/Peter Ramsay)

 

 

 

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Bahamas News

Bahamas economic growth

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Rashaed Esson

Staff Writer

The Bahamas’ economy is in good standing according to reports from the Bahamas National Statistical Institute which released the Quarterly Gross Domestic Product Series. They indicate that quarterly GDP trends for 2023 saw increases compared to 2022, a sign of recovery from the Covid 19 pandemic.

The most significant increase was 9.9 percent in the first quarter of 2023, and the industries responsible for the growth include Accommodations and food, construction and Arts.

 

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Bahamas News

C&W COMMUNICATIONS PROUD TO BE ASSOCIATED AS ATHLETES “CHASE THE SUN”

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World Relays to be title sponsored by BTC, one of C&W’s local brands.

 

In just a few days, athletes from over fifty countries will converge in The Bahamas for the BTC World Athletic Relays Bahamas 24. C&W Communications, the parent company of BTC, is proud to be associated with this major event, which will see athletes from The Bahamas, Barbados, Jamaica, and Trinidad & Tobago competing for a place in the upcoming Olympic games in Paris.

Inge Smidts, CEO of C&W Communications, who also serves as Chair of the BTC Board of Directors will be in the stands to witness the highly anticipated relays. Smidts says, this was an event that she simply could not miss. “We are proud to support our Caribbean athletes, and we wish them well as they vie for a spot in the Olympic games.

The relays will be held one of in our markets, The Bahamas, and we are honoured to be the title sponsor of the event. The world relays represent the spirit of relentless courage and the willingness to succeed of the Caribbean people and of our business. Through partnerships like this we demonstrate our unwavering commitment to connect communities and change lives.”

In addition to its sponsorship of the event, Smidts says it was important that athletes, officials, and fans stayed connected during the games. “As a business we are focused on ensuring that our customers have access to faster, stronger, and more reliable connectivity, and we worked with our partners to make certain that athletes and guests remain connected.

We have offered e-sim cards, and we also worked with the major hotels to set up care centers to ensure that we address any connectivity concerns on the spot. Additionally, I am pleased to announce that BTC will provide free Wi-Fi at the stadium giving patrons and athletes the opportunity to share every riveting moment.”

BTC has hosted a special event just for the Caribbean athletes, at the newly renovated Queen’s Staircase in Nassau, a recently renovated historic landmark visited by thousands of tourists each day. This event gave athletes the opportunity to unwind, mingle, and to learn more about each other right before the competition.

This is the fourth time that BTC and its parent company C&W Communications have title sponsored the world relays. The BTC World Athletic Relays will be held at the Thomas A. Robinson Track & Field Stadium from May 4-5, under the theme, “Chase the Sun, from Paradise to Paris.”

 

 

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RBC appoints new Country Manager and Area Vice President for Turks & Caicos 

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RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

 

 

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