I uwierzyć ród volturi roszczący się niestrawna lekcja najnowszym filmie to create exciting products and services for our visitors and locals alike. Gencom has amazing plans terms of upgrades, and we have worked closely with their team, through the Economic Development Committee, to assist. The Bermuda Tourism Authority also hailed the sale as a success, with Roland Burrows Jr, chief investment officer for the BTA, saying: Gencom's investment bring direct and indirect impact to Bermuda's economy and tourism sector as we strengthen the island's brand as a premier destination. Kevin BTA CEO, added: Like Gencom, the BTA believes Bermuda's tourism market is poised for -term growth. The island is on a pathway to produce additional 1 rooms over the next ten years. Today's news that Rosewood 's is under new ownership and due to receive a $25 million makeover investment light a fire under other investors considering Bermuda for their portfolios. It's also helpful to talk about this development as the 35th 's Cup approaches. We can add the 's news to our talking points as the team pitches tourism-related investment opportunities to potential investors while they're here enjoying the racing and enjoying Bermuda. The Bermuda Tourism Authority looks forward to working closely with Gencom and the other new investors we meet over the next six weeks. Jones Lang LaSalle represented the seller the transaction while Rego Sotheby's Realty acted as a local agent. The financial and operational restructuring of the various 's seller companies receivership was led by Roy and Keiran Hutchison of EY Bermuda Ltd, and financing was provided by HSBC Bermuda. The Hamilton Parish resort property went into receivership 2013 and was put up for sale 2015, with no specific price listed. At the time, receivers EY Bermuda say they were seeking suitable investors to ensure the -term success and sustainability of the property. Despite the challenges, the resort has won the Forbes Travel Guide Four- Award for the past two years. Last year, the House of Assembly approved draft concessions for the resort to support a number of construction and renovation projects including a $6 million renovation at The restaurant and enhancements to the pool, beach club and 2016. November 17. Alessandro Colantonio, vice-president of acquisitions for GenCom, revealed the asset management firm was just days or weeks away from a formal announcement on closing the acquisition of 's He also outlined plans to upgrade the hotel for the 's Cup as well as extensive renovation project for the end of 2017 and 2018. We be revisiting all aspects of the resort; rooms, public spaces, food and beverages, new concepts and adding one of two new venues, Mr Colantonio said. We also be looking at low-density development. 2016. 26. Draft hotel concessions for the 's Hotel and Resort were approved the Senate yesterday. The aims to improve the tourism product at the hotel while providing opportunities for Bermudian workers. Fahy, the new Minister of Tourism, Transport and Municipalities, outlined a number of construction and renovation projects lined up for the resort. These include a $6 million renovation at The restaurant and enhancements to the pool, beach club and He said the $15 million concessions over five years were necessary to sustain Bermuda's tourism product while preparing the asset for -term success. Independent senator Dillas Wright said she welcomed the move but hoped that the Bermuda Government would follow through with its commitment to train and hire Bermudians. One Bermuda Alliance senator replied: The OBA has been committed since day to improving work for Bermudians. It is up to Bermudians who are qualified to make the applications. Be proactive. There are jobs available. 2016. 7. The search for a new owner for Rosewood 's is continuing, but managing director Paul Telford remains upbeat about business at the resort. While what happens next be up to the eventual owners, Mr Telford said there is still room for growth at the Hamilton Parish site. We have been open for almost seven years, and what we have noticed is that there's a lot of business with families, he said. We're seeing the grandparents coming with the kids and the grandkids, and we have tried to build on that. We have a number of suites we have 20 suites total and we can make up one-bedroom suites and two-bedroom suites. Certainly July and we sell a lot of that. Really, what we're doing here at Rosewood 's is trying to build the group base group business is the base that most of the hotels on the Island need to build on and then fill with transient visitors on top of that. We are trying to build the social aspect as well with birthday parties, families, destination weddings, that sort of stuff, but we are seeing growth that business, that family business. Asked about recent planning applications, which proposed the addition of further convention facilities, he said: The plans that were put were more about