Monday, December 15, 2014

Abaco Club on Winding Bay Sold for $30M

Southworth Development has acquired the 534 acre Abaco Club on Winding Bay from Marriott Vacation Worldwide Corporation (MVWC) for $30M.  Southworth announced plans to build a $30M beach clubhouse and village and a $10M upgrade to the golf course.

Prime Minister Perry Christie welcomed the sale, stating that the investment in the property would greatly benefit Abaco through increased home building, tourism and jobs for Bahamians through an estimated $348 million in combined home construction and additional infrastructure project costs.

Abaco Club on Winding Bay

Click Here to read the full story.

Click Here for a story in Private Air magazine

Click Here for The Abaco Club website.

Southworth Development is an investor in PGA Village, a 1,900 acre golf course development on Cat Island.