The Sonesta Beach property in 2010 *File photo
The Sonesta Beach property in 2010 *File photo

A Bermudian family buying the old Sonesta Beach property is “something to be excited about”, according to Premier Craig Cannonier.

Yesterday it was announced the Green family bought the property and will rename it the Southampton Beach Resort.

The Greens also own the Fairmont Hamilton Princess.

Mr Cannonier spoke at the press conference this morning and said: “It’s something to be excited about. This means so much to the country that we have our own being able to invest in the future of this country.

“It really represents a bit of a change in the direction that we’re going in.

“We have young entrepreneurs who want to bring a new product in the hotel industry.

“What they will build will be very interesting.”

He continued: “This is exciting. This means there are investors out there who want to work with Bermuda and find it as a jurisdiction they believe has a future.

“I can also say we are getting a lot of responses concerning St George’s.

“This is good news for us. We will continue after this budget period to look at those interested in the properties there and what can be developed as we move forward.”

Asked if he knows any details about the Green’s plan for the property, Mr Cannonier said: “We know that they are looking to build another hotel property.

“Right now, it’s in its infancy stage. They will give details as at goes further.

“It’s exciting news to know that the property will be developed.”

Mr Cannonier also said he was looking forward to a timeline from the owners.

The purchase also means there will be jobs for Bermudians, thus stimulating the economy.