US$265 million resort for Jamaica

by Jun 6, 2022Pulse, Stay

A 250-room luxury resort and 23 residences nestled amongst towering 200-year-old fig and banyan trees at Mammee Bay in Jamaica is slated to debut in late 2024.  The project is estimated to be a US$265 million investment. 

It is the first property being developed by the Sygnus team, which describes itself as the leading alternative investment management company in the Caribbean. The project is being undertaken by Sygnus Real Estate Finance Limited (SRF) a specialty real estate investment company managed by Sygnus.   

The collaboration will be brought to life with the award-winning luxury hospitality operator Wischermann Partners, Inc and renowned design and architecture firm LEO A DALY.  

Sygnus is also actively exploring future developments in the Dominican Republic and St Lucia, among other locations. Future plans underscore a commitment to creating authentic travel experiences, introducing resorts rooted in innovation, with an independent spirit and designed to celebrate the culture of each destination.  

Berisford Grey, Chief Executive Officer of Sygnus Group

“As the regional leaders in the alternative investments space, Sygnus through our specialty real estate investment company, Sygnus Real Estate Finance (SRF) have always had a key interest in enhancing the luxury hospitality market in Jamaica and our Mammee Bay project represents the ideal opportunity to achieve this.  In collaboration with the Leading Hotels of the World and a group of highly talented partners, our vision is not only to execute the Mammee Bay project but to over time build out a series of similar luxury projects in other highly sought-after destinations across the Caribbean,” remarked Berisford Grey, Chief Executive Officer of Sygnus Group.

For now, the Mammee Bay development has been accepted as a member of The Leading Hotels of the World, the leader in independent, luxury hospitality for more than nine decades.  

“We have long celebrated hoteliers who curate distinctive, independent hotels and remarkable experiences,” commented Shannon Knapp, President & Chief Executive Officer, The Leading Hotels of the World.  “It is a great pleasure to welcome Mammee Bay to our exclusive portfolio, and we hope to welcome many other projects of Sygnus Real Estate Finance (SRF) and Wischermann Partners, Inc in the future. Both companies are dedicated to developing independent, luxury hotels that embody the essence of their surrounding locales.   Mammee Bay marks Leading Hotels’ re-entrance to Jamaica, and we are excited to introduce our travellers to this extraordinary property and future Sygnus Real Estate Finance (SRF) and Wischermann Partners, Inc developments in the important Caribbean region.”

The resort has been envisioned to celebrate the vibrant nature of the island and introduce an at once elevated, elegant and authentic experience — an idyllic haven delivering getaways to even more opportunities.  An array of unique amenities will be found throughout the property including an 18,000-square-foot spa deeply immersed in nature and featuring therapies such as sound healing and meditative practices, culinary destinations include a fine dining show kitchen, a Mediterranean bistro, a beach bar and grill, and more. 

“From the moment we first walked on the property, we realised that it presented us with the opportunity to do something special with it, based on its location, foliage, topography and of course, its beach.  We assembled a world class team of award-winning professionals to help us design and create what we intend to be a hospitality product that Jamaica will be proud of,” said David Cummings, Vice President and Head of Real Estate and Project Finance at Sygnus.   

“The fact that Leading Hotels of the World has already agreed to partner with us is a testament to our strategy, as well as our ambitions for SRF to expand this luxury hospitality product across the region,” he added.


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