Caribbean area Vice President of Marriott International Andrew Houghton said Marriott International's first Courtyard hotel in New Providence expects to do well in the moderately priced segment of the hotel sector due to the popularity of the destination as well as its prime location.

The Courtyard Nassau was the former Sunset Resort Bahamas, which is located just across from Junkanoo Beach.
The resort opened under the Courtyard brand on July 1. Sunset maintains ownership of the hotel, while Urgo Hotels & Resorts is managing it.

Sunset Equities, a consortium of Caribbean and international investors, purchased the former Nassau Palm Resort in 2013, and reopened the hotel as the Sunset Resort following a $25 million, two-year renovation.

Nassau-based Sterling Financial Group (SFGI), headed by David Kosoy, provided the acquisition financing through one of its managed mortgage funds, the New Providence Income Fund.

Houghton, who was responding to questions posed by Guardian Business, said "With its proximity to the downtown area, it provides a fresh alternative for families, couples and business travelers alike."

Houghton added, "Marriott continues to look for opportunities to expand its footprint throughout the Caribbean in order to provide Marriott guests with more options and brand preferences, whether they are traveling on business or for pleasure."

Urgo Hotels & Resorts Vice President of Sales & Marketing Kyle Hamill said since the opening of the hotel it has "exceeded our expectations, and we are looking forward to its continued success".

The five-story Courtyard Nassau features 112 guest rooms and suites, a resort-style pool and sun deck and a fully equipped state-of-the-art fitness center.

The Bistro, the brand's signature restaurant, is open for breakfast and dinner. There is also a lobby bar and lounge for evening cocktails at the property.

Xian Smith, Guardian Business Reporter

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