From the Crow’s Nest | HAPPENINGS
Here in Bermuda, only locally owned vessels
are allowed to rent out their boats for hire.
The law has been relaxed for the America’s
Cup, but unless the law is changed, supery-
achts with charters will not be allowed to
operate in Bermuda.
“I’m hopeful that changes will be made to
encourage more superyachts to visit the island.
What we’ve been told is that islands such as
the Bahamas that have made the change to
their laws are now hosts to scores of supery-
While only the marina will be ready in time
for the America’s Cup, the development as a
whole will also include 35 luxury residences
called The Cove, which are priced from $2.5
million, going up to $3.9 million for the pent-
houses, and a Ritz-Carlton Reserve hotel and
resort. Building for the residences has already
begun and it is hoped that the first ones will
be ready before the end of 2017, with the rest
of the resort completed in 2018. Once com-
plete, there will be a Caroline Bay Yacht Club,
restaurants, shops, beaches, swimming pools,
kids’ club and water sports activities.
At full capacity, the marina offers dock
space for up to 30 superyachts, plus berths
for up to 80 smaller vessels. A superyacht is a
commercially operated luxury boat, which is
professionally crewed and has a hull length of
at least 24 metres.
There are two types of berth rental
available—a daily rate and a long-term rental
option. Berths are available for a long-term
lease for those buying the residences and there
will be spaces along one part of the dock for
people passing through.
“We are building a large resort and hotel
facility with the Ritz-Carlton, which is a very
high-end, global brand,” continued Richard-
son. “The marina will then become a facility
that augments the Ritz-Carlton and will suit
the type of clientele that enjoy superyachts.”
In order to give their marina guests the
best Bermuda experience they can during the
America’s Cup, the Arabella, a 157-foot sailing
yacht, has been chartered to take visitors out
onto the America’s Cup racecourse and pro-
vide entertainment throughout the event.
“Because we do not have the hotel yet, we
chartered the Arabella to be able to offer a
superyacht VIP experience,” said Richardson.
“The Arabella becomes a place we can have
social events. It’s going to be more like a club-
house for our guests.
“We’ve also put on some unique, Bermu-
dian experiences—Bermudian cuisine and
wine tasting and narrative on Bermuda’s
heritage and culture. We will also take them to
the J Class Regatta that will take place off St.
Caroline Bay Marina will offer a concierge
service and they have partnered with Port
Royal Golf Course and a number of restau-
rants, as well as hosted events for the island’s
taxi drivers so they can become familiar with
“Because of its sheer size, this development
will benefit the entire island,” said Richardson.
“It will provide opportunities for our children
and grandchildren and it will provide job
opportunities for Bermudians from all walks