Royal Island, Bahamas

Kimpton Hotels to Open First Caribbean Property at Royal Island


Cypress Equities, a division of Staubach Retail and developer of Royal Island in the Bahamas, use west of North Eleuthera, announced today that Kimpton Hotels and Restaurants, one of North America's leading operators of boutique, has been selected to manage and operate the opulent, ultra-elite boutique resort hotel at Royal Island - the firm's exclusive private island. The project, scheduled to open in 2009, will mark Kimpton's first property in the Caribbean market.

“Kimpton shares our vision for this unique, ultra-luxurious resort,” stated Roger Staubach, Chairman and CEO of The Staubach Company. “Since this is Cypress Equities' first resort development, we searched diligently for a company that would offer our guests incomparable service, quality, and hospitality. Kimpton brings that to the table and a great deal more. We are very pleased to partner with them on Royal Island.”

Currently uninhabited, the 440-acre island, when fully developed, will feature an exclusive community of single-family estates tucked into private enclaves, all with ocean views, the boutique resort hotel, a deluxe spa, fine-dining and casual restaurants, a signature Jack Nicklaus golf course, and the first Jack Nicklaus Golf Club - one of only 25 clubs in the world which will be selected by Nicklaus personally and given this special designation. A natural deep-water marina, expected to hold 250-300 slips, will accommodate yachts ranging from 20 to over 200 feet in length. A village center of retail shops and amenities will provide the social hub for the island community. With its variety of attractions, the island is expected to become the premier resort destination in the Bahamas. Royal Island, accessible via boat or helicopter, is situated approximately 190 miles east of Miami near Harbor Island and Eleuthera.

“Royal Island is the ideal location for our first Caribbean project,” said Kimpton CEO and President Mike Depatie. “As the largest player in the burgeoning boutique, lifestyle hotel market, this overseas project is a unique opportunity to introduce our signature style and personalized guest care in partnership with an innovative, highly experienced and respected developer.”

Cypress Equities, the development affiliate of The Staubach Company, announced its purchase of Royal Island in May 2006. Construction on the Royal Island marina is anticipated to start in early 2007. Construction will begin on the golf course, as well as the hotel and homes, by mid-2007.

(Ed note: Further development on Royal Island was halted in 2008.)