Groundbreaking ceremony for AZURA Bermuda
Today Premier the Hon. Michael Dunkley JP MP and the Minister of Tourism, Transport and Municipalities Sen. the Hon. Michael Fahy JP attended the groundbreaking ceremony for AZURA Bermuda - a Boutique Hotel and Residences which has just commenced construction on the property formerly known as Surf Side Beach Club, on the south shore in Warwick.
The initial Phase will have 18 Hotel Residences providing up to 46 Hotel rooms. Also featured as part of the initial Phase will be a new poolside restaurant and the new Spa AZURA. Phase 2, already approved, has the ability to create up to 23 additional Hotel rooms for a total of 69 keys.
Clearwater Development Ltd., comprised largely of Bermudian investors and headed by Bermudian hospitality and real estate veteran John Bush, is behind what is largely a new concept for Bermuda.
Bermudians and overseas buyers can purchase a two or three-bedroom condominium or free standing Bermuda Villa ranging in size from 1,650 to 2,400 sq. Prices range from $799,000 to $1,995,000, with each Hotel Residence being whole ownership (999 years leasehold).
Renovations have commenced and initial occupancy by Hotel Residence owners and Hotel guests is scheduled for early summer 2017.
