The Briland Modem
Online News & Information for North Eleuthera and Harbour Island, Bahamas
(It's much better in the Out Islands.)

Briland News Link (click)

 
NEWSWORTHY

 

roots

briland

marketplace

 

 

gallery

Exceptional Educational Outreach (Bahamas)

got questions?

 

"Briland sweet, eh?"

Coconut Notes
Review the earliest days of the Board [1999-2002]

Click the Ocean Button to sign in and post to the board.

A one-time registration is required, and your new ID will be automatically recognized the next time that you login.

Click Here to Post a New Topic
To Respond to a Posted Message,
Click the Message

Royal Island + Rock House
Click here to return to the subject menu.


Search messages for:

in message text

in author name

Search subjects for:

in subject title

Search subject archives:
Month
Year

Page 1 of 1Total of 1 messages
Posted by:Jun 2nd 2008, 12:25:15 pm
Fig Tree News TeamCypress Equities affiliate acquires stake in Bahamas hotel that caters to the stars

03:52 PM CDT on Friday, May 30, 2008
By SHERYL JEAN / The Dallas Morning News
sjean@dallasnews.com

Royal Island Partners, an affiliate of Addison-based Cypress Equities, this week acquired a 50 percent interest in Rock House, a small hotel on Harbour Island in the Bahamas that caters to celebrity guests.

Royal Island Partners purchased its ownership stake for about $7.5 million from J. Wallace Tutt III and Don Purdy, who own the other half of Rock House and will continue to manage the hotel.

Cypress is Staubach Co.'s development arm. Behringer Harvard, a real estate investment firm, is a partner in Royal Island Partners.

Royal Island Partners invested in Rock House to complement Royal Island, a 430-acre private island residential and resort community being developed by Cypress near Harbour Island.

Guests at Royal Island’s 83-room Montage Royal Island Bahamas resort and Rock House guests will share each other’s amenities, including restaurants, a spa, tennis and an 18-hole golf course.

“We see it as an elegant beach head to introduce the advantages of owning a piece of a pristine Bahamian island,” Chris Maguire, chief executive of Cypress, said in a statement.

“Potential owners can … spend a night or two at Rock House, immerse themselves in the spirit and style of the local culture, boat over and tour Royal Island, have lunch or dinner, maybe overnight in one of our villas and return to Rock House.

"By partnering with Wallace and Don, we can create a total experience for the person who wants a luxurious residential hideaway in a community on a virtually untouched private island with ocean views.”

Rock House was built in the 1940s as a bed-and-breakfast but has been expanded into a nine-room boutique hotel and restaurant in the past six years.

Celebrities such as Bette Midler, Mick Jagger, Richard Gere and Robert De Niro have stayed there.

http://www.dallasnews.com/sharedcontent/dws/bus/stories/053108dnbuscypress.44d52267.html

Contact us online at
info@briland.com

administration