Bahamas Ritz-Carlton, Abaco Club Restructure Ownership
22 January 2008 12:04am
The Ritz-Carlton Hotel Company, LLC and Peter de Savary, founder and chairman of The Abaco Club on Winding Bay, a Ritz-Carlton Managed Club, restructured the ownership of the 534-acre property.
De Savary’s investor group sold the remaining interests to an affiliate of The Ritz-Carlton –RC Abaco Holding Company, Ltd.- but de Savary will remain involved in The Club as chairman.
Located on Abaco in The Bahamas, The Abaco Club on Winding Bay, a Ritz-Carlton Managed Club is a 534-acre retreat offering estate home lots, cottages, cabanas, and golf and social memberships, clubhouse, dining, spa, tennis courts, and fitness and equestrian centers.
