Park Hyatt Invests $300 Million in Bermuda Resort

Park Hyatt Invests $300 Million in Bermuda Resort

Bermuda will soon welcome the luxury brand group Park Hyatt to its shores with the commitment of a $300 million investment into a new resort development. The Bermuda Department of Tourism has been working to bring the multi-million dollar project to fruition since 2007. Previously, Park Hyatt had agreed to manage the project, which is located on the former Club Med site in the historic town of St. George’s, Bermuda(a UNESCO World Heritage Site).

According to Bermuda’s Premier, Dr. The Hon. Ewart F. Brown, JP, MP, who also serves as Minister of Tourism and Transport, the increased investment by Park Hyatt to become an equity stakeholder serves as a vote of confidence in Bermuda’s tourism business.

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