In 2018, after two years of concept planning and development approvals, we began developing Bel Air Resort and Residences on our Mont-Tremblant parcel. Bel Air Tremblant became one of the most successful residential and resort developments of its kind in a ski resort, with an average sales pace of 30 homes per year.
In 2021 we acquired 55.5 acres of development land in North Eleuthera. As of July 2022, our project has been fully approved, and will call for a luxury resort and residence community that combines Asian and Bahamian architectural influences to create an innovative luxury resort set within an idyllic environment.
The resort will include 70 spacious cottages located on 30 acres reserved for commercial operations and of 44 residences on 25 acres dedicated to residential sales. As of August 2022, site preparation and infrastructure planning is underway.
The resort will be developed in phases and is projected to begin operating by the third quarter of 2023.
Bel Air Resorts Group is vertically integrated and has the full range of expertise from urban planning, architecture, interior design, as well as sales and hospitality management including marketing and digital marketing.
In July 2022, given our vision for expansion and growth, we made the decision to rebrand our company as Bel Air Resorts Group, as part of our strategy to expand the Bel Air brand in select upscale destinations.
Our development team is in discussion with other groups to implement a franchising model.