Grand Bahama Business Outlook: A Bold Vision for Grand Bahama’s Future
On Thursday, March 16, 2023, Marc Weller, President and Founding Partner of Weller Development Partners, was invited to be a key speaker at the 24th annual Grand Bahama Business Outlook event. Under the 2023 Bahamas Business Outlook Series theme,“Forward, Upward, Onward, Together,” a diverse group of business leaders from various industries joined together to speak on the future of Grand Bahama and celebrate the 50thAnniversary of Independence for The Bahamas.
Weller Development’s Commitments to Grand Bahama Island
The Weller Development team is committed to bringing positive change to the local communities of Grand Bahama by leveraging their unique expertise in building luxury developments with a sustainable, community-focused approach. Marc’s answer to why he chose Grand Bahama for Weller Development Partner’s first international project is simple; “I immediately fell in love with the island, the people, and the opportunity there. I was blown away by how optimistic the community is about the future.” The Weller Development team is renowned for their triple bottom-line approach to development, building projects that are financially viable while benefiting the surrounding communities and the environment. They have already begun demonstrating their commitment to the Grand Bahama community; this past December, Weller Development visited the Grand Bahama Children’s Home and presented a significant monetary donation to the organization, along with holiday gifts and desperately needed computers for the children, as well as sponsorship of the Beacon School Junior Junkanoo.
Six Senses Grand Bahama: Wellness, Community, Sustainable Design
During the presentation, Marc highlighted Six Senses Grand Bahama as a resort and residential community that is committed to investing in Grand Bahama’s future. Six Senses was recently named the #1 Luxury Resort Brand in the world by Luxury Travel Intelligence. Because of Six Senses’ global reach and recognition, Six Senses Grand Bahama will attract tourists from across the globe and boost the local economy, providing jobs and opportunities for Grand Bahamians and the Island as a whole. The Six Senses project is fully financed and is slated to open in 2026. Employment opportunities will begin in early phases of development during the construction phase and continue with permanent jobs and elite hospitality training upon resort opening. The development team is focused on local hiring to bring Bahamians back home and reverse the trend of losing accomplished Bahamians due to lack of opportunities on the island.
Marc sees endless opportunities for Grand Bahama and is confident his team of world-class experts at Weller Development Partners will deliver what the Grand Bahamians need to boost the economy and become a hub for business and tourism. Just 55 miles off the coast of Florida, with a soon-to-be renovated international airport, Grand Bahama Island is poised to become a global hub for business and tourism. The Weller Development team is proud to be a key part of Grand Bahama’s upward trajectory.
Powerful Partnerships in Sustainability
Weller Development is partnering with leading global impact investment manager Pegasus Capital Advisors to fund the Six Senses Grand Bahama project. As the first U.S. private equity fund manager accredited by the Green Climate Fund, Pegasus Capital Advisors is dedicated to fostering sustainable and inclusive growth within blue and green economies. Both Weller Development Partners and Pegasus Capital Advisors have built a strong portfolio of transformative projects with a sustainability focus. Their combined expertise and dedication to the communities in which they work is unparalleled. Weller has a history of tackling the most complex real estate developments and delivering results; for the people of Grand Bahama, this means providing the economic boost they need and becoming a hub for business and tourism.
Marc added, “We’re very selective in the projects we choose to engage in, and we see enormous opportunity in partnering with Grand Bahama and the Port Authority to deliver a 5-star luxury experience. We have a proven track record that backs up our entrepreneurial approach and the grit and determination we possess to make this project a huge success for all parties involved. We typically hear from our partners that we make the impossible possible, and we’re excited to get started.”
To learn more about Weller Development Partners, Marc Weller’s future plans for growth, his unique approach to development, and the world-class brands he partners with, tune in to his podcast, “From The Ground Up with Marc Weller.” Listen and subscribe here.
About Weller Development Partners
Weller Development Partners is an innovative real estate development firm building world-class communities. At the heart of the company ethos is a triple-bottom-line approach to development, designing strategies that are financially viable, while also providing benefits to surrounding communities, the environment, and investors. The Weller team has a proven track record of successful and celebrated developments encompassing more than two million square feet of development and exceeding $1 billion in investment, most notably the 235-acre mixed-use Port Covington project and luxury waterfront hotel Sagamore Pendry in Baltimore, Maryland. With a wide range of experience in tackling the most complex real estate developments and public-private partnerships, Weller Development Partners delivers value and results, no matter the complexity or odds.