Bermuda’s Holiday Inn opened in 1973, enjoying a great location in St George’s Parish, overlooking St Catherine’s Beach and Tobacco Bay.
The venture was not successful and in 1981 the hotel was purchased by NY-based Loews Hotels and reopened as the Loews Bermuda Beach Hotel.
In 1985 it was sold to Club Med and reopened as the 630-room Club Med – St George’s Cove. 2 years later it was severely damaged by Hurricane Emily and closed for good in 1988.
The hotel then lay derelict for 20 years, despite numerous attempts to resurrect it:
- November 2003 – The St George’s Renaissance Consortium (led by the Quorum Group) is given a 6-month exclusivity deal by the government to develop a plan for the site.
- March 2005 – The St George’s Renaissance Consortium name Four Seasons as operators of a European-style cultural village with 126-room hotel, theatre, and homes.
- January 2006 – Government drops the St George’s Renaissance Consortium as developer.
- February 2006 – Connecticut-based KJA Development Inc is named by government as new developer and announces plans to build a 5-star hotel and 18-hole golf course on the site.
- November 2006 – Government announces that KJA Development Inc was dropped as favoured developer in September 2006.
- April 2007 – Bazarian International named as new developer.
- August 2008 – Club Med is demolished by implosion.
- December 2008 – Bazarian International and Hyatt sign a management agreement. They announce the Park Hyatt Bermuda will be complete by the first quarter of 2012.