Emile Haddad, former CEO of FivePoint Holdings, is embarking on a $1 billion venture to develop a Bulgari luxury resort on a 220-acre island in the Bahamas. This ambitious project includes a 64-room hotel, 48 mansions, and a village for 600 staff, with an eye on delivering sophisticated amenities such as a spa, a fine dining restaurant run by a Michelin-star chef, and a beach club. This development aligns with the Exumas' rising status as a premier luxury destination, ushering in an elegant atmosphere for visitors.
For Haddad, there's one catch. Visitors to the Bahamas used to strolling into restaurants in sandy flip-flops will have to change them for brogues and heels.
Bulgari CEO Jean-Christophe Babin said, "The Exumas have been establishing themselves in recent years as the ultimate glamorous destinations in the Caribbean."
The Bulgari resort and residences will include a spa and wellness center, sports area and a kids' club.
Mansions, ranging from 6,000 to 10,000 square feet, are expected to list for more than $20 million.
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