Royal Caribbean International says that its beach club on Paradise Island is set to open in 2025, with the company having received government approval to proceed with the project.
Michael Bayley, President and CEO of Royal Caribbean International, said, “The Bahamas has been a phenomenal partner since the very start, when they became our first port of call more than 50 years ago.”
He added, “As we continue to bring millions of visitors to experience attractions throughout Nassau each year, The Royal Beach Club at Paradise Island is the next bold adventure in Royal Caribbean’s commitment to both increasing tourism in The Bahamas and delivering memorable vacations to our guests.”
The government announced on Tuesday that it granted approval to Royal Caribbean International (RCI) for its $100 million beach club project on Paradise Island. According to a statement from Deputy Prime Minister Chester Cooper, the completed project will offer guests beach and water sport activities, as well as Bahamian entertainment and retail experiences.
“The government is satisfied that it has addressed previous objections to the project by ensuring much greater Bahamian participation at all phases of the construction and in the ongoing operations. RCI will not have equity ownership in any ferry business from Prince George Wharf to the site. Several key activities at the site, including water sports, entertainment, tours, food & beverage, retail, security, environmental monitoring, and landscaping, will be reserved principally for Bahamian entrepreneurs and businesses,” said Cooper, who has ministerial responsibility for tourism, aviation, and investments.
Cooper further stated that the government will impose a Tourism Development Fund Levy of one percent of the annual gross revenue of the Royal Beach Club.
