FlyerTalk Forums - View Single Post - Bermudian family buys Fairmont Hamilton Princess, plans min. $50M in upgrades

Sep 27, 2012 | 8:57 pm

#1

tcook052

A FlyerTalk Posting Legend

Join Date: May 2002

Location: YEG

Programs: HH Silver

Posts: 56,976

Bermudian family buys Fairmont Hamilton Princess, plans min. $50M in upgrades

http://bermudasun.bm/main.asp?Sectio...rticleID=60793

THURSDAY, SEPT. 27: Peter Green and his sons, Alexander and Andrew Green today announced that they have purchased The Fairmont Hamilton Princess from Global Hospitality Investments (GHI), which has owned the hotel since September 2007. The property will continue to be managed by Fairmont Hotels & Resorts and there will be no changes to staff or operations as a result of the sale.

The Green family will invest a minimum of $50 million to enhance the property in order to further strengthen its position as one of the island’s greatest tourism assets. The family will continue the development plans started by GHI, which include building a marina, upgrading rooms, redeveloping the hotel’s public spaces including the pools, gardens and restaurant to increase the property’s leisure credentials, while maintaining its existing appeal to business travellers.