National

PM Welcomes $250M Superyacht Marina to Paradise Island

NASSAU, BAHAMAS – The grand opening of a $250 million superyacht marina on Paradise Island is “bringing excitement” for residents and visitors, according to Prime Minister Philip Davis.

Published

4 years ago

November 26, 2022

Our News

NASSAU, BAHAMAS – The grand opening of a $250 million superyacht marina on Paradise Island is “bringing excitement” for residents and visitors, according to Prime Minister Philip Davis.

Addressing the grand opening of the Hurricane Hole Superyacht Marina, Friday night, PM Davis said the new destination is creating more dining, boating and entertainment choices on Paradise Island, as the marina can accommodate yachts up to 420 feet long.

Deputy Prime Minister and Minister responsible for Tourism, Investments and Aviation, Chester Cooper says these are exciting times for Nassau Paradise Island and tourism, as bookings for the next three months are ahead of where they were in 2019.

Sterling Global Financial Chairman David Kosoy tells Our News he expects the economic impact of the marina and development will be $100 million annually, as visitors spend on property and on Nassau and Paradise Island.