Westgate Resorts, in partnership with Gissy Family Investments, has made a significant investment in the Banyan Tree Bimini Resort & Residences development in the Bahamas, expanding its presence in the Caribbean hospitality market.

Target Information

Westgate Resorts, in partnership with Gissy Family Investments and other investors, has made a significant multimillion-dollar investment in the Banyan Tree Bimini Resort & Residences development located on Rockwell Island in Bimini, Bahamas. This development includes luxurious residences offering stunning ocean views and will provide docking facilities for boats ranging from 80 to 120 feet. In addition, the Rockwell Island project will feature an 18-hole golf course, upscale homes, a boutique hotel, and a nature preserve, marking a comprehensive approach to luxury living in the Caribbean.

Gerardo Capo, the founder of RAV Bahamas, has previously developed the $850 million Bimini Bay project at the same location. Westgate’s venture signifies its inaugural investment in the Bahamas, aimed at tapping into the region’s potential for sustainable growth and enriching travel experiences.

Industry Overview in the Bahamas

The hospitality sector in the Bahamas is one of the most vital components of the country's economy, greatly contributing to GDP and employment. Known for its breathtaking scenery and clear waters, the Bahamas attracts millions of tourists every year, making it a