The $352.2 million luxury Montage Cay development is poised to become a “major attraction” and boost this nation’s luxury resort profile, according to Prime Minister Philip Davis.

“Montage Cay is a strong representation of the economic bounce-back taking place in the Abacos,” said Davis. “We are optimistic and grateful. The Bahamas has long been the premier luxury destination in the Caribbean and dare I say the western hemisphere.”

Davis gave remarks yesterday at the official groundbreaking of the luxury development in the Abaco’s, although work is well underway with millions having already been invested into the project.

The development is a partnership between prominent financier David Kosoy’s Sterling Global Financial and American entrepreneur Alan Fuerstman’s Montage Hotels & Resorts. The development on the 53-acre cay is scheduled to open in 2024.



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