Loren Group Expands Bermuda Presence with Elbow Beach Acquisition
Deal News | Apr 09, 2025 | EIN
The Loren Group has acquired the historic Elbow Beach Hotel and Fritholme Garden Residences in Bermuda, a move highlighting the company's strategic expansion in luxury hospitality. This acquisition signifies the group's commitment to enhancing Bermuda's hospitality sector with a blend of historic renovation and modern luxury. Having closed since 2020, the Elbow Beach Resort will undergo a significant redevelopment under The Loren's expertise, creating opportunities for luxury property ownership and job creation. This addition to their portfolio aligns with the company's growth trajectory, supported by financial and governmental partners such as Butterfield Bank, EY, Rego Sotheby's International Realty, and the Government of Bermuda. Detailed redevelopment plans will be announced in the coming months.
Sectors
- Hospitality
- Real Estate
Geography
- Bermuda – The acquisition and subsequent developments are taking place in Bermuda.
- United States – The Loren Group is based in New York, USA, indicating a US connection in the transaction.
Industry
- Hospitality – The article focuses on the acquisition of a luxury hotel property, emphasizing expansion in the hospitality industry.
- Real Estate – The acquisition includes residential properties and plans for redevelopment, relevant to the real estate sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Loren Group | Acquirer | Company | A luxury hospitality brand expanding its presence in Bermuda with this acquisition. |
| Elbow Beach Hotel | Target | Company | A historic hotel in Bermuda acquired by The Loren Group. |
| Butterfield Bank | Financial Advisor | Company | Provided financial services for the acquisition. |
| EY | Corporate Finance | Company | Involved in the financial structuring of the transaction. |
| Rego Sotheby's International Realty | Real Estate Advisor | Company | Involved in the real estate advisory for the acquisition. |
| Government of Bermuda | Government | Government | Involved in regulatory and local governance aspects of the acquisition. |