Berisford Grey, chief executive officer of Sygnus Group, says that Sygnus Real Estate Finance (SRF) is aiming, over time, to build out a series of similar luxury projects in highly sought-after destinations across the Caribbean.
Alternative investments funder Sygnus Investments indicates that it has signed luxury hospitality operator Wischermann Partners, Inc, and design and architecture firm Leo A Daly for its Mammee Bay resort development.
The funder further says that the achievement has allowed it to be accepted as a member of The Leading Hotels of the World, a group of more than 400 hotels in over 80 countries. LHW is said to be the largest collection of independent luxury hotels.
Design company Leo A Daly offers planning, architecture, engineering, interior design, and programme management with a diverse portfolio including projects in more than 91 countries.
The Mammee Bay project is being undertaken by Sygnus Real Estate Finance Limited (SRF), a specialty real estate investment company managed by Sygnus. Sygnus said Mammee Bay marked Leading Hotels’ re-entrance to Jamaica and indicated that it hoped to introduce our travellers to the signature property and future Sygnus Real Estate Finance (SRF) and Wischermann Partners, Inc developments in the important Caribbean region.
The Mammee Bay first property under development is a 250-room luxury resort and 23 residences designed below a towering 200-year-old fig and banyan trees at Mammee Bay in Jamaica.
The resort is slated to debut in late 2024. Unique amenities promised include an 18,000-square-foot spa featuring therapies such as sound healing and meditative practices, culinary destinations including a fine dining show kitchen, a Mediterranean bistro, a beach bar and grill, and more. The project is estimated to be a US$265-million investment.
Paul Wischermann, president and chief executive officer for Wischermann Partners, Inc, said in a company release, “We are proud to introduce this collection of destination-defining resorts within LHW which are rooted in cultural immersion and guided by a commitment to setting a new bar in luxury travel.”
Berisford Grey, chief executive officer of Sygnus Group, said that “Sygnus Real Estate Finance has a key interest in enhancing the luxury hospitality market in Jamaica and that it hopes, over time, to “build out a series of similar luxury projects in other highly sought-after destinations across the Caribbean.”
Sygnus is actively exploring future developments in the Dominican Republic and St Lucia, among other islands.
Headquartered in Jamaica, Sygnus has operations in Puerto Rico and St Lucia. Sygnus Capital Limited is a licensed securities dealer in Jamaica with the Financial Services Commission and is focused on providing clients with independent investment banking and investment advisory services.
Sygnus manages Sygnus Credit Investments Limited (SCI), which is listed on the Jamaica Stock Exchange (JSE),which offers creative debt financing to middle market businesses across the Caribbean.
SRF, which recently listed on the JSE, provides flexible capital (debt or equity) to all classes of real estate assets (commercial, hospitality, industrial or residential).