Two well-known marinas, both including superyacht berths, have been subject to changes caused by the current market situation. The Emerald Island marina, which was part of the Four Seasons Resort on Great Exuma Island, closed in May but will reopen in January under the ownership of Sandals Resorts International. The other marina is the Port Lucaya Resort & Yacht Club on Grand Bahamas Island which according to a Miami Herald report will close on August 31st.
Sandals plan to upgrade the 500 acre resort site but SB understands that this will not include the 133 berth full service marina which can berth yachts up to 52m (170ft) or more. Four Seasons have been running the resort and marina since it originally opened in 2003. Its closure has been caused by the downturn in the market.
At Port Lucaya superyachts up to 52m (170ft) can be accommodated with the full service facility offering over 100 berths in total of which some 70 can berth yachts over 24m (79ft). This resort has been operating for more than 15 years and the marina has become a popular location with visiting yachts taking advantage of the various attractions of the island. At this time little is known about its future.
In June this year it was announced that the Association of Marina Operators of the Bahamas (MOB) had been formed to enhance the sector and the part it plays in the tourist industry of the country. SB has not been able to confirm if Emerald Bay and Port Lucaya were members of MOB but with the current market climate it is feared that other marinas might follow within the Caribbean.