$300m Luxury hotel promises 1,000 jobs

By KEILE CAMPBELL

Tribune Staff Reporter

kcampbell@tribunemedia.net

A $300M AGREEMENT was signed yesterday for a hotel and entertainment project which could bring up to 1,000 jobs in construction and 1,000 more in operation.

Bahamian entrepreneurs Adrian and Adrianna Fox signed the $300m heads of agreement with the Davis administration to develop the luxury hotel, residences, and entertainment hub spanning Cable Beach and Balmoral Island.

The Cable Beach project, called Voir Beach, will feature two 14-storey mixed-use towers with a hotel, private residences, fine dining, rooftop pools, a recording studio, a nightclub, a spa, and a seaside bar — all infused with Bahamian culture.

Meanwhile, Balmoral Island is set to become a premier all-inclusive adventure destination, boasting three clubhouses — each accommodating 500 guests alongside 23 overwater and land-based cottages.

Plans also include a 100-slip marina, entertainment stages, a helipad, and a seaplane docking facility, offering marine encounters, ziplining, and cultural showcases.

Ms Fox, Adrian’s daughter and the project leader, said the development will create over 1,000 construction jobs, with 700 to 1,000 permanent positions once operational.

She said Bahamians will have key roles in entertainment and retail.

For his part, Prime Minister Philip Davis hailed the development as a significant step toward greater Bahamian ownership in the tourism sector.

“There was a time when a project like this would only be possible through foreign direct investment,” Mr Davis said. “Well, today I’m particularly pleased to sign this agreement with Bahamian investors.”

The $300m project also will be financed through a mix of land purchases and a government lease.

During the signing, Mr Fox revealed the Cable Beach property alone cost $15m, with construction estimated at $400 per square foot.

He added that Balmoral Island will be under a 21-year lease, with officials aiming to break ground on the property within the next four months.

Addressing environmental concerns, Ms Fox said studies are underway to ensure compliance, particularly for the overwater bungalows on Balmoral Island.

“So far, we’ve started our environmental studies. They should be completed probably in the next two to three months,” she said. “The overwater bungalows and other features will require additional approvals, which we’re working on as well.”

“These things will take different studies, so as soon as each study is completed, that makes us finalise our final project.”

Comments

Porcupine says...

Hmmmm.
"all Infused with Bahamian culture"
Sounds just wonderful.

Posted 7 February 2025, 10:33 a.m. Suggest removal

ExposedU2C says...

Yup, of the Sebas Bastian variety.

Posted 8 February 2025, 9:17 a.m. Suggest removal

Sickened says...

Let me guess... the development will only have parking for 50 cars so all of the jungless going to Fox's nightclub will be parked on the round-a-bout by Sandals and on all the medians?

Bring the ghetto to Cable Beach. Thank you. NOT!!!!!!!!!!!!!!!!!!

Posted 7 February 2025, 10:41 a.m. Suggest removal

SP says...

Racists like you are failing to make Trumps America great again!

Posted 7 February 2025, 4:55 p.m. Suggest removal

ExposedU2C says...

LOL. Only real racists like you are quick to talk about racism in today's world.

Posted 8 February 2025, 9:18 a.m. Suggest removal

SP says...

Only the white man could possibly know that $300M development needs more than 50 parking spaces. Trump needs you!

Posted 8 February 2025, 4:23 p.m. Suggest removal

ExposedU2C says...

Yup, my skin colour or hue is irrelevant even if I suspect I may be a shade or two darker than you. Suggest you try get comfortable in your own skin and just tear up that useless race card you like to use as some kind of crutch.

Posted 9 February 2025, 12:46 p.m. Suggest removal

DreamerX says...

"Bring the ghetto to cable beach" Homie delusional.

Posted 10 February 2025, 8:12 a.m. Suggest removal

Porcupine says...

Everyone who spins in The Bahamas, before and after it was legal, has funded this development.

Posted 7 February 2025, 10:41 a.m. Suggest removal

Sickened says...

On a positive note though, I am very happy to see the numbers criminals investing their money back into the Bahamas and creating middle to upper class housing communities and boutique hotels. BIG Kudos to them.
It is VERY unfortunate that the white nights never created boutique hotels. We could have and should have several Bahamian owned boutique hotels on every major island. This would have created a solid economic base around which communities could have been built and sustained.

Posted 7 February 2025, 10:46 a.m. Suggest removal

realfreethinker says...

How many Bahamians will be able to afford to live there?

Posted 7 February 2025, 12:28 p.m. Suggest removal

SP says...

The same amount that can afford to live at One Cable Beach, or Goldwynn!

Posted 7 February 2025, 5:06 p.m. Suggest removal

SP says...

Why is it that you racist are always quick to label the numbers entrepreneurs as criminals, but never once labeled rum running, drug dealing, white knights as criminals?

Posted 7 February 2025, 5:02 p.m. Suggest removal

LastManStanding says...

This comment is stupid for several reasons:

1.) Rum running wasn't a crime according to British/Bahamian laws. Making money running booze to the States was perfectly legitimate means of income.

2.) It's rich to slander the "white knights" as drug dealers when the first black head of government was the most prominent individual implicated in that industry. The "white knights" left in the country didn't have a need to peddle drugs either, they were already filthy rich by that point.

3.) The fact is that the numbers boys are criminals because they broke the law for years on end. Our corrupt government, despite the express wishes of the Bahamian voters, then rewarded them for breaking the law. We then wonder why the Americans label us as corrupt. Big mystery.

Posted 9 February 2025, 7:03 p.m. Suggest removal

tetelestai says...

That you think that the numbers boys were only funded by black people (pre and post legalisation) is comical.

That you believe that only first black head of government was involved in drugs shows that you are either patently obtuse or willfully ignorant, or both. You really need to read a book or two. Start with Gail Saunders' "Islanders in the Stream". Perhaps you might actually learn something about the white knights involvement in all things illegal. Ignoramus.

Posted 10 February 2025, 3:12 a.m. Suggest removal

LastManStanding says...

Where did I say that only black people funded the number boys? I never said that Pindling was the only person involved with drugs either, I said that he was the most prominent. Read my comment again.

The main point of my comment was that comparing the old white money that got rich from running rum to drug runners or the numbers boys is just stupid because from the local perspective what they did was perfectly legal. Argue the morality all you want but from a strictly legal perspective they were not doing anything wrong. By the times of drug running a lot of them were either dead, left the country, or didn't have a need to get involved with dirty money considering they already had clean fortunes amassed anyways so idk why someone would slander them with that either. The white people that did benefit from the drug trade were lower class that used it as an opportunity to move up and a lot of them then invested into legitimate business ventures anyways.

Again, whatever someone's opinion on the number boys themselves or gambling is irrelevant because the fact is they broke the law for years and then got rewarded by the government for doing so. What the Christie administration did was a national shame. Rewarding criminals is already bad enough, but doing so in defiance of the expressed wishes of Bahamian voters is just a giant slap in the face to everyone in this country. Why bother having laws? What example does it set when we tell criminals its ok to break laws as long as the leaders benefit too? Even better, what does it say when the leaders help them then get away with the crime and clean the money up? We wonder why we have such major cultural problems in this country but look at the piss poor examples of leaders we have at the top. The country is rotting from the head down and it will probably never get fixed because honest people don't last long in politics, especially in a small cutthroat nation like this one.

Posted 10 February 2025, 6:10 p.m. Suggest removal

ExposedU2C says...

Dream on.......you're a real victim of scum bag Bastian's public relations agents. Sebas has derived and continues to derive a vast amount of wealth from the enormous criminal empire he has been able to build thanks in large part to Vomit Christie and Slo Mo Sears going against the will of the Bahamian people as expressed in a duly held national referendum many years ago.

All of Sebas's real estate and other investments are money laundering activities for the purpose of getting his ill-gotten gains into the global banking system. And this is one criminal empire that corrupt Davis, Always Angry Simon Wilson and Dumbo Halkitis will never go after to pay any where near the level of taxes that should be paid on the huge revenues that constitute the proceeds of crime. In fact, most of our corrupt political leaders, whether they be of the PLP or FNM variety, get bank rolled in one way or another by the criminal numbers bosses who control the 'illegal' gaming industry in our country.

Vomit and Slo Mo didn't like the fact that the majority of Bahamians voting in the referendum were dead set against 'legalising' the criminal activities of the numbers bosses and their gaming shops. So Vomit and Slo Mo simply ignored the outcome of the duly held national referendum and claimed the whole process to be an unbinding national survey. Talk about corruption on a massive scale!

Posted 8 February 2025, 9:31 a.m. Suggest removal

Sickened says...

Adrian need to build a hotel on Eleuthera now as that is the only way this government will focus on that islands infrastructure.

Posted 7 February 2025, 10:47 a.m. Suggest removal

pt_90 says...

thats the problem. He wont persons wont until they do. Govts dotn realize that very few persons want to spend money doing what they should do so they avoid the headache. (unless they get a sweetheart deal or massive break or concession)

Posted 7 February 2025, 11:07 a.m. Suggest removal

Dawes says...

Wonder if we will be allowed to drive boats past those overwater bungalows at speed and without a care for anyone in the near vicinity. Just the same way Fox does through the harbor all the time.

Posted 7 February 2025, 11:26 a.m. Suggest removal

pablojay says...

The most important person missing from that photo is Perry Christie,whom i think should be
given at least a 5% stake in this venture,as it would not have been possible without him for
rejecting the wishes of the people and siding with the numbers cartel, thereby vastly enriching
a few on the backs of poor black Bahamians throughout our beloved country. Someone mentioned 'white knights', if they were at the forefront of the numbers business,Perry and Co.would have been screaming the loudest against its legalisation ,but we have always allowed
our own to do us in.

Posted 7 February 2025, 11:50 a.m. Suggest removal

bahamianson says...

Then they will make him a National Hero. Wait for it. We are so twisted .

Posted 7 February 2025, 7:14 p.m. Suggest removal

tetelestai says...

Oh you ignorant summer child.

Posted 10 February 2025, 3:14 a.m. Suggest removal

TalRussell says...

**A self-made son of the soil** stepped forward with a **$300 millions** hotel and entertainment project which could bring up to **1,000 jobs in construction and 1,000 more in operation.** -- Granted there were Bumps during his journey. --- But nothing in size compared to Potholes that transform Streets into Lakes after the Rain pours down. -- Bet you a 10 Shillings banknote that if puts Comrade Adrian in-charge of Streets --- **we'd be done, finished with Potholes.** -- Yes?

Posted 7 February 2025, 4:04 p.m. Suggest removal

SP says...

**Congratulations Adrian and Adrianna Fox!** We need more black Bahamian entrepreneurs to get involved in our number one industry.

Hats off to Prime Minister Philip Davis for encouraging greater Bahamian ownership in the tourism sector.

Posted 7 February 2025, 5:15 p.m. Suggest removal

TalRussell says...

Affix name to pictured 'giant' of what looks to be a 'Conchy Joe'? -- Tourists be taking pictures and paying in USD -- Yes?

Posted 7 February 2025, 6:24 p.m. Suggest removal

ExposedU2C says...

See my earlier post above.

Posted 8 February 2025, 9:48 a.m. Suggest removal

realitycheck242 says...

This country went from the UBP boys to the sunshine boys to the Number boys in 50 years. At the rate the number boys gaining assets in Nassau its only a matter of time before they own half the island.....The Bahamas is their oyster !

Posted 8 February 2025, 10:03 a.m. Suggest removal

temptedbythefruitofanother says...

always heartwarming to see the numbers thugs using borrowed, unsecured funds to "give back" to the public dumb enough to spend 50% of their paychecks to unwinnable numbers scams

Posted 9 February 2025, 10:03 a.m. Suggest removal

TalRussell says...

Can the parties clarify as to. -- **If there's more** to why a **'$300 million'** Balmoral Island investment is being 'restricted' to what seems to be **relatively short** 21-year lease? -- Has all the Partners, money sources and operators been disclosed? --- Wasn't there an earlier issue with the landings and takeoffs of Sea Planes at Montagu. -- Yes?

Posted 9 February 2025, 12:39 p.m. Suggest removal

Sickened says...

Good question. 21 years seems to be a very short time for what appears to be a substantial development. The agreement must have some options to extend at the developers request.

Posted 10 February 2025, 9:40 a.m. Suggest removal

screwedbahamian says...

Hmm!!! - General election on the horizon!!!

Posted 10 February 2025, 9:57 a.m. Suggest removal

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