On Monday, the government signed a Heads of Agreement (HOA) for a $25 million high-end, low-impact boutique resort on Sampson Cay in the Exuma chain. The project is fully funded and is being developed by Bob Coughlin, CEO of US-based human resources giant Paycor. Coughlin, who retired to the Exumas in 2019, is also the president and founder of Sampson Cay Retreat Limited.
The Sampson Cay Retreat will feature a main house for central dining and gathering, beach cottages with 22 rooms, staff housing for up to 15 persons, and will utilize less than 10 percent of the 121 acres purchased by the company. The remaining acreage will include walking and cycling trails, as well as fitness and wellness assets such as kayaking, yoga, snorkeling, and diving.
Prime Minister Philip Davis commented on the development, stating, “This new development will patronize local companies, generate tax revenue, and increase interest in the luxury market, raising our tourism product to even greater heights. This development is a valuable economic stimulus to Exuma, and I look forward to seeing it bear fruit over the next few years.”