resort to be ‘hospitality beacon’

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net

ABACO’S $352m Montage Cay development will be a “beacon of hospitality”, its developer and resort operating partner pledged yesterday.

The Prime Minister, speaking at the project’s ground breaking, said the highend resort being developed by Sterling Global Financial is poised to create a “big stir” around the Caribbean while becoming another “revenue generating avenue” for “sustainable employment” for Bahamians.

Philip Davis KC said: “This 33-acre luxury Island is poised to become a major attraction and elevate The Bahamas’ luxury resort profile. Featuring a world class deep water marina, a 50-suite hotel and exclusive residences, Montage Cay is set to make a big stir in the Caribbean market.

“I’m advised $352.2m is the investment for this project, which includes 50 room keys that will be added to the tourism industry, sic overwater bungalows, 18 villas and 29 residential lots. This bodes well for The Bahamas. It opens up another income-generating avenue and will create long-term sustainable employment for many Bahamians.”

Sterling Global, which is also redeveloping Paradise Island’s Hurricane Hole

SEE PAGE B3 that proved to be a second consecutive “record-breaking year” for most Bahamian realtors following 2021’s post-COVD bounce back.

Mr Rodland told this newspaper that MCR Group’s total 60 percent yearover-year revenue growth covered all business segments including sales, rentals and appraisals. “The previous year was a record-breaking year for most people in real estate, and in 2022 we did even better, which was great,” he said.

“I can tell you this. There’s a lot of people that are saying that the market has corrected itself. I’m not sure I like

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