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 year before being demolished in 2008. Plans to redevelop it have repeatedly stalled:
- 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. Carl Bazarian announces the Park Hyatt Bermuda will be complete by the first quarter of 2012. An announcement is also made that Nick Faldo, a former resident of Bermuda, will design a new golf course to replace the St George’s Golf Course. Beach It, the beach bar on St Catherine’s Beach, is town down to make way for the new hotel.
- January 2009 – Carl Bazarian named as one of the passengers on the US Airways plane that is forced to land in the Hudson River after a collision with a flock of birds.
- March 2009 – Premier Ewart Brown claims construction work on two or three new hotels will commence before the end of the year. He states one of these will be the Park Hyatt.
- April 2009 – Carl Bazarian states the design for the new golf course has been completed. Ewart Brown claims construction will begin in the autumn of 2009, but Carl Bazarian says he is not sure.
- June 2009 – Premier Ewart Brown tells a Progressive Labour Party (PLP) meeting in St George that financing for the hotel is at an advanced stage and the final documents will be signed in July.
- August 2009 – Carl Bazarian claims HSBC Bermuda will provide $120 million of funding for the Park Hyatt.
- September 2010 – Plans for the hotel are submitted to the Department of Planning.
- October 2010 – Premier Ewart Brown claims Bazarian International now have funding for the hotel and construction work will begin by November 2011.
- July 2011 – Plans for the hotel go on show at the offices of the Department of Planning. The Bermuda Environmental Sustainability Task Force (BEST) expresses concern over the designs.
- March 2012 – UBP MP Charlie Swan raises a concern in the House of Assembly that the developer has, by missing the deadline to start work, breached the terms of the agreement with the government to develop the property.
- July 2012 – UBP issue a statement expressing concern that construction has not started and the St George’s Golf Course remains closed. Bazarian International asks for extension to construction deadline.
- September 2012 – BEST calls for government to terminate the contract with Bazarian. The organisation states the asset is ‘tied up in an agreement with a delinquent partner’.
- October 2012 – Bazarian states work will begin within six weeks.
- December 2012 – One Bermuda Alliance (OBA) defeats the PLP in a general election.
- January 2013 – It’s revealed that the PLP government terminated the deal with Bazarian in the final months of their administration.
- May 2013 – Premier Craig Cannonier flies by private jet to Washington DC to meet a group of unnamed investors. They are said to be interested in developing the Club Med site, Ariel Sands, and the Pink Beach Club.