Sukcesem dobra robota opowiadają peterze fletchera jest bogaty był chyba experience the most exciting event ever to happen Bermuda's history with the 35th 's Cup starting next week; we are seeing tremendous growth tourism statistics the first quarter of 2017, including, increased air arrivals, additional flights, increased number of cruise ship passengers and cruise calls. We now have smaller ships visiting the Town of St. after a remarkable upgrade to the Old Town to include Penno's Wharf and the new 's Wharf ferry dock. We have additional ships visiting the City of Hamilton and shovels the at the L. F. Airport and the St. Regis Development the Town of St The St 's Bridge works are complete as well as the newly renovated Horseshoe Bay Beach entrance, with its spectacular new wooden foot path and parking area for our visitors to enjoy one of the world's most famous beaches and Bermuda's most renowned attraction. These are all great reasons to celebrate today. 2017. 19. Rosewood 's Hotel and Resort has been sold to the Miami-based firm Gencom and is out of receivership. According to official announcement yesterday, the hospitality development company invest $25 million into the property, with additional follow-on commitments for future development. However, other financial details of the purchase were not disclosed. Karim Alibhai, the principal of Gencom, said: Gencom's decision to acquire 's reflects our firm's longstanding strategy of unlocking value by targeting one-of-a-kind assets markets that we consider undervalued and poised for -term growth. Bermuda benefits from direct flight access from Europe and the eastern coast of the US, making it a natural destination for international travellers and residents search of island destination offering luxury accommodations. Alessandro Colantonio, senior vice-president of acquisitions for the company, said: Benefiting from a picture-perfect location, the strength of the Rosewood brand, and amenities capable of impressing the most discerning travellers, 's is already a sought-after international destination. Our repositioning and renovation plans further enhance the resort's appeal, while creating new opportunities for residents looking for a place to call home Bermuda. Gencom seeks to elevate every aspect of the resort, renovating guest rooms and adding new food and beverage venues, addition to new meeting spaces. The new owner also intends to develop, market and sell branded and unbranded luxury real estate properties, including townhouses, single-family homes, villas and condo-hotel units oriented towards the waterfront and golf course. A spokeswoman for Rosewood Hotel and Resorts meanwhile confirmed that the purchase went through on Wednesday, adding that staff at the hotel not be affected. The resort remain under the management of Rosewood Hotels and Resorts, and the transition to new ownership not have impact on the staff, operations or overall guest experience, she said. Rosewood 's continue to offer the same timeless luxury that guests have always known and loved. Senator Fahy, the tourism minister, said the government was thrilled to welcome Gencom to the island. Gencom's proven expertise and history with leading hotel brands makes for perfect participation the bright future of Bermuda tourism. This investment is another indication of confidence Bermuda, further demonstrating that a tourism renaissance is alive and well. With new investment being made the existing facility, this hotel continue to create exciting products and services for our visitors and locals alike. Gencom has amazing plans terms of upgrades, and we have worked closely with their team, through the Economic Development Committee, to assist. The Bermuda Tourism Authority also hailed the sale as a success, with Roland Burrows Jr, chief investment officer for the BTA, saying: Gencom's investment bring direct and indirect impact to Bermuda's economy and tourism sector as we strengthen the island's brand as a premier destination. Kevin BTA CEO, added: Like Gencom, the BTA believes Bermuda's tourism market is poised for -term growth. The island is on a pathway to produce additional 1 rooms over the next ten years. Today's news that Rosewood 's is under new ownership and due to receive a $25 million makeover investment light a fire under other investors considering Bermuda for their portfolios. It's also helpful to talk about this development as the 35th 's Cup approaches. We can add the 's news to our talking points as the team pitches tourism-related investment opportunities to potential investors while they're here enjoying the racing and enjoying Bermuda. The Bermuda Tourism Authority looks forward to working closely with Gencom and the other new investors we meet over the next six weeks. Jones Lang LaSalle represented the seller the transaction while Rego Sotheby's Realty acted as a local agent. The financial and operational restructuring of the various 's seller companies receivership was led by Roy and Keiran Hutchison of EY Bermuda Ltd, and financing was provided by HSBC Bermuda. The Hamilton Parish resort property went into receivership 2013 and was put up for sale 2015, with no specific price listed. At the time, receivers EY Bermuda say they were seeking suitable investors to ensure the -term success and sustainability of the