Last November, his firm launched the Hurricane Hole super yacht marina on Paradise Island. Kosoy noted that he has invested just over $1 billion invested in projects in The Bahamas to-date. Investment in the project has been pegged at $352.2 million, which includes 36 room keys, six over-the-water bungalows, 18 villas and 29 residential lots. The development on the 53-acre cay is scheduled to open in 2024.ĭavis noted that the development features a 'world-class' deep-water marina, a 50-suite hotel and exclusive residences. The development is a partnership between prominent financier David Kosoy's Sterling Global Financial and American entrepreneur Alan Fuerstman's Montage Hotels & Resorts. The Bahamas has long been the premier luxury destination in the Caribbean and dare I say the western hemisphere.'ĭavis gave remarks yesterday at the official groundbreaking of the luxury development in the Abaco's, although work is well underway with millions having already been invested into the project. 'Montage Cay is a strong representation of the economic bounce-back taking place in the Abacos,' said Davis.
NASSAU, BAHAMAS - The $352.2 million luxury Montage Cay development is poised to become a 'major attraction' and boost this nation's luxury resort profile, according to Prime Minister Philip Davis.
