The Loren Group Acquires Historic Elbow Beach Hotel in Bermuda
The Loren Group is delighted to announce the acquisition of the iconic Elbow Beach Hotel and Fritholme Garden Residences in Bermuda, a landmark property situated on Bermuda's picturesque southern shore. This strategic acquisition underscores The Loren's commitment to expanding its luxury hospitality and residential footprint and enhancing Bermuda's hospitality landscape. The Loren at Pink Beach, which opened in 2017, has been the marquee, luxury property in Bermuda, raising the bar for contemporary hospitality on the island.
"We are honored to take ownership of the historic Elbow Beach Resort, a property that holds a special place in Bermuda's rich cultural and hospitality heritage. Our vision is to rejuvenate this esteemed property, blending its storied past with The Loren's signature style to create an unparalleled destination for both locals and visitors," says Stephen King, CEO & Founder of The Loren Group. "This deal is a testament to our dedication to Bermuda and the opportunity we see for continued growth as a luxury hospitality brand. We would like to thank all those involved in the transaction including Butterfield Bank, EY, Rego Sotheby's International Realty, and the Government of Bermuda and look to many more years of doing business in Bermuda."
The Elbow Beach Resort, which has remained closed since early 2020, has been a beloved fixture in Bermuda for over a century. The Loren Group plans to undertake a comprehensive redevelopment of the property. Detailed plans will be shared in the coming months and will deliver a world-class mix of luxury real estate, an expansion of the Loren Hotel, restaurants, member and wellness facilities, reflecting the brand's "uncompromising by nature" ethos. In addition to providing new opportunities for ownership in Bermuda, this new project will create significant employment opportunities to support the local economy. The Loren Elbow Beach will participate in the brand's Roots Initiative, a program designed to capture carbon through biodiverse reafforestation.
This acquisition builds on The Loren Group's continued success and growth, with a portfolio that includes the award-winning Loren at Pink Beach in Bermuda, The Loren at Lady Bird Lake in Austin, and the upcoming Loren at Turtle Cove in Turks & Caicos, set to open in 2026.
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