The Bermudiana Beach Resort is the new name given to the
former Grand Atlantic property.
OBMI and Coldwell Banker Bermuda Realty have been named as
the local companies that will work with international firm MacLellan and
Associates to development into the Bermudiana Beach Resort into a new Bermudian
tourism project.
Colin Campbell is the OBMI principal for this project while
Brian Madeiros is the principal for Coldwell Banker
Caribbean-based hospitality, tourism and leisure consultancy
firm, MacLellan & Associates, headed by Robert MacLellan, is the group
currently involved in the re-positioning of the Bermudiana Beach resort
In April, they entered into a Memorandum of Understanding
(MOU) with the Bermuda Government regarding this site. The MOU has an
exclusivity clause through until late summer, which will enable MacLellan &
Associates and their local industry partners to finance the acquisition and
associated development costs of the Project.
MacLellan & Associates was in Bermuda this week and met
with Bermuda Housing Corporation general manager Major Barrett Dill to discuss,
among other things, timelines for completion of major works to transfer
the Grand Atlantic Development into a tourism entity, overseas investors’
interest in Bermuda, and opportunities for future growth in Bermuda.
Mr MacLellan said: “The proposed redevelopment of the Grand
Atlantic site will create a condo hotel which will make use of existing
construction and bring a new tourism product to Bermuda that is very popular in
other jurisdictions.
“The team is confident that re-purposing the site can result
in a new tourism-related offering which will entice vacationers with an array
of amenities; a spectacular ocean side location; and numerous existing local
business establishments who will benefit from an increase in demand for their
goods and services and will work hard to make it a reality.”
Major Dill
said: “They are a solution-oriented group and I am looking forward to
working with them. I am confident
that this project will prove to be financially beneficial to Bermuda as well as
one that creates employment and has a positive social impact.”