Deal of the Year Awards Presented at CHRIS

Published May 2018

May 18 2018

The Caribbean Hotel & Resort Investment Summit (CHRIS) announced the winners of the prestigious Development of the Year and Transaction of the Year Awards at the conference on May 18, 2018, at the JW Marriott Marquis Miami in Miami, Florida, USA.

The Breathless Montego Bay Resort & Spa in Montego Bay, Jamaica was named Development of the Year 2017. AMResorts, an Apple Leisure Group® subsidiary, opened its doors to the highly-anticipated Breathless Montego Bay Resort & Spa, the brand’s first resort in the destination, for a development cost of US$50 million on February 28, 2017. The modern 5-story adults-only resort is surrounded by Montego Bay’s Marine Park and boasts chic design and state-of-the-art technology in each of its 150 suites such as free Wi-Fi and in-room tablets. Some of the resort’s highlights include seven specialty dining experiences, five trendsetting bars and lounges, 24-hour room service, fire pits and the only rooftop pool and bar in Jamaica which provides a spectacular 360 Degree view of the ocean, bay & mountains. Tailored Butler service is also available in over half the suites in a social and sophisticated atmosphere. Also included in the Breathless Lifestyle experience is full access to all amenities and facilities at the nearby Secrets Wild Orchid & Secrets St. James Montego Bay. Finalists in the Development of the Year 2017 category also included the AC Hotel San Juan Condado in San Juan, Puerto Rico and the Harbor Club, St. Lucia Curio Collection by Hilton in Rodney Bay, St. Lucia.

The Baha Mar Resort in Nassau, Bahamas, was named Transaction of the Year 2017. Baha Mar is a comprehensive integrated resort covering an area of approximately 1,000 acres (400 hectares) ideally located in New Providence Island’s Cable Beach area. With three luxury hotels (Grand Hyatt Baha Mar, SLS Baha Mar, and Rosewood Baha Mar) totaling over 3,000 keys and long list of amenities including expansive casino, convention centre, spa and TPC-class golf course, Baha Mar officially opened for business in April 2017 and is quickly ramping up and receiving acclaim for excellence in hospitality. Baha Mar Resort was sold by Perfect Luck Assets Limited to Chow Tai Fook Enterprises for an undisclosed price. Finalists in the Transaction of the Year 2017 category also included the San Juan Marriott Resort & Stellaris Casino in San Juan, Puerto Rico and The Ritz-Carlton Grand Cayman Resort in Grand Cayman, Cayman Islands.

Gary Brough of KPMG chaired the Development of the Year Award committee and Kent Schwarz of Colliers International chaired the Transaction of the Year Award committee. The committees were comprised of hotel industry leaders who selected, reviewed, and nominated deals. The finalist information was then sent to the CHRIS delegates for voting.

Caribbean Hotel & Resort Investment Summit (CHRIS) is the Caribbean’s most important hotel and tourism investment conference. The conference immediately follows a second important event, the Hotel Opportunities Latin America (HOLA) conference. The back-to-back nature of the two events provides a venue for the hotel investment community that is interested not only in the Caribbean, but also in Latin America, to conduct their business while in Miami. CHRIS and HOLA are produced by Northstar Travel Group in association with Burba Hotel Network (BHN).