LUXURY CONDOMINIUM DEVELOPMENTS IN BERMUDA
Full article first appeared in “Experience Bermuda” 18/19” in May 2018.
Rego Sotheby’s International Realty portion provided by Penny MacIntyre
Bermuda has ushered in a wave of new construction with hotel condominiums that feel more like homes than an apartment or condominium.
The Villas at The Loren Hotel at Pink Beach in Tucker’s Town, Smith’s Parish, Bermuda offers newly constructed and to be constructed lock-off, two-storey, modern villas each with their own private pool within the internationally newly-acclaimed boutique resort. Residents and guests alike enjoy the conveniences of luxury living with two restaurants, beach club, gym, spa and concierge services. Prospects appreciate the option to place their villa into the hotel guest inventory or keep as a private residence.
“The past year we have seen a significant increase of international attention on The Loren at Pink Beach including praise from some of the top international publications of the world such as Forbes, W Magazine, CNN Travel and Vogue Italia. Jetsetter Magazine even named it as a finalist for the 2018 Best of the Best Hotel Awards for best on the beach.” says Penny MacIntyre, Partner at Rego Sotheby’s International Realty. “The resort accolades bode well for residential homeowners looking for independent validation of a successfully launched hotel and bolsters investor confidence in the hotel condominium opportunity generating revenue from occupancy demand increasing.”
For those looking into the future projects, there are condominium developments across the island underway in various stages from Ritz-Carlton Reserve’s Caroline Bay in Sandys and St. Regis Bermuda in St. George’s amidst the island’s World Heritage Site.
Existing condominiums such as Belmont Villas and Hidden Cove represent the traditional Bermuda residential communities. For those seeking a larger hotel resort setting Rosewood Bermuda built in 2001 with renovations underway offers condominiums, townhomes and estate homes for resale and land for bespoke single-dwelling development amidst its golf, tennis and beach clubs along the picturesque Castle Harbour. Units vary in size from 3,000 square feet for two-storey townhomes around $2.8 million to 4,200 square feet or larger stand-alone homes with private pools on over half an acre of land north of $5 million.
“Bermuda now has compelling condominium living for discerning individuals whether one prefers the new modern luxury boutique resort available at The Loren or grand resort developments of Rosewood Bermuda.” says Ms. MacIntyre. “The new ownership of Rosewood Bermuda has undertaken significant renovations to update its lobby, guest rooms, restaurants, beach and golf clubs for today’s ultra-luxury traveler and resident. The renovations will aim to elevate this award-winning resort location to showcase design elements representing a sophisticated blend of Bermudian culture and elegance.”
The Sotheby’s International Realty network currently has approximately over 22,000 affiliated independent sales associates located in over 960 offices in 70 countries and territories worldwide. Each office is independently owned and operated.
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