Cotton Bay Holdings Limited (CBHL) is preparing to begin the construction phase of its Ritz-Carlton Reserve at Cotton Bay that will create 300 direct jobs, last 24 months, and provide more than $8 million in wages annually, a statement released from the company yesterday explained.

Company Manager for CBHL Daniel Zuleta gave an update on the project to the Eleuthera Business Outlook last week. The company was also a sponsor of the annual business conference.

Zuleta said CBHL has committed to and worked hard to progress the project sustainably and looks forward to the impact it will have on the Eleuthera community.

"Ritz-Carlton Reserve at Cotton Bay is planned as an open-air luxury resort, to feature 90 guest rooms and 60 Ritz-Carlton Reserve-branded residences, designed to include a mixture of two- to five-bedroom villas," Zuleta said.

"In addition to first-class luxury amenities and services, a signature 18-hole championship golf course, a luxurious spa, swimming pools, and signature restaurants are planned for the island retreat."

Zuleta said a project such as this has to be brought to completion through a phased approach. He explained that the first phase - design and pre-construction - is currently being worked through, while phase two will begin later in 2023.

"The project's second phase - the construction stage - is scheduled to begin later this year and is anticipated to stimulate 300 direct jobs and is expected to last at least 24 months, providing in excess of $8 million annually in wages," Zuleta said.

"During this phase, two new public roads will be developed, Cotton Bay Road and Cocoplum Drive, which will provide public beach access. These roads are being designed by CCG (Caribbean Civil Group)."

CHBL signed a heads of agreement with the government for the development about two years ago.

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