SOUTHAMPTON, BERMUDA—Bermuda's biggest and most recognized lodging property, the Fairmont Southampton, has been brought to market via CBRE Hotels, in cooperation with Coldwell Banker Bermuda Realty. The 593-key luxury resort sits on 100 acres, including 22 acres of residential development land. The owner is offering the resort subject to a long-term management agreement with Fairmont Hotels & Resorts, part of the AccorHotels portfolio since 2016.

Bill Stone, Deborah Borotsik, and Scott Duff of CBRE's Toronto office and Ron Danko, Bradley Burwell, and Graham Lizop of CBRE's New York City office are marketing the property on behalf of the undisclosed seller, along with local support from Brian Madeiros of Coldwell Banker Bermuda. Property marketing has just commenced and will likely continue into 2018 before calling for offers, CBRE says.

“Bermuda continues to attract international investors from across the globe as awareness of the island is at an all-time high following the America's Cup,” says Stone, EVP with CBRE Hotels. “As the island's largest and most well-known resort, the Fairmont Southampton is a rare opportunity to acquire an asset offering scale, reputation and most importantly offering significant upside through renovations”.