The Southampton Beach Resort, Bermuda

In Bermuda, Scout acquired the 32-acre oceanfront site of the former Sonesta Hotel & Wyndham in Southampton Parish. The property is truly unique, with incredible ocean views and three beaches. Scout has begun a full demolition of the existing hotel and the creation of Bermuda's first new major hotel and residential resort village in more than 30 years.

Plans call for a five star hotel, family-oriented private club & resort, spa, multiple dining venues and executive conference center. The property will offer multiple ownership opportunities.

Scout expects the luxury private club and resort to open in 2011.

Bermuda has long been a favored vacation destination for travelers because of the island's unique beauty and vibrant culture. The short two-hour direct flight from New York makes the island an appealing vacation destination for affluent north-east Baby Boomers. Direct air service from the East Coast of North America and Europe make the island an easily accessible destination for sophisticated Baby Boomers.

Bermuda (officially, The Bermuda Islands or The Somers Isles) is a British overseas territory in the North Atlantic Ocean. Located off the east coast of the United States, it is situated about 1030 km (640 mi) east of the coast of North Carolina, around 1770 km (1,110 mi) northeast of Miami, Florida and 1350 km (840 mi) south of Halifax, Nova Scotia. It is the oldest and most populous remaining British overseas territory, settled by England a century before the Acts of Union that created the British Empire.