June 7, 2022
Sygnus, the leading alternative investment management company in the Caribbean, today announced that its Mammee Bay development, located in Jamaica, has been accepted as a member of The Leading Hotels of the World, the leader in independent, luxury hospitality for more than nine decades. This project is being undertaken by Sygnus Real Estate Finance Limited (SRF), a specialty real estate investment company managed by Sygnus. This is the first addition of Sygnus to the Leading Hotels, and signifies a start of the companies’ relationship, with plans to partner and bring even more independent properties to the region.
The collaboration will be brought to life with the award-winning luxury hospitality operator Wischermann Partners, Inc., and renowned design and architecture firm LEO A DALY. The future plans underscore a commitment to creating authentic travel experiences, introducing resorts rooted in innovation, with an independent spirit and designed to celebrate the culture of each destination. “We have long celebrated hoteliers who curate distinctive, independent hotels and remarkable experiences,” commented Shannon Knapp, President & Chief Executive Officer, The Leading Hotels of the World. “It is a great pleasure to welcome Mammee Bay to our exclusive portfolio, and we hope to welcome many other projects of Sygnus Real Estate Finance (SRF) and Wischermann Partners, Inc. in the future. Both companies are dedicated to developing independent, luxury hotels that embody the essence of their surrounding locales. Mammee Bay marks Leading Hotels’ re-entrance to Jamaica, and we are excited to introduce our travelers to this extraordinary property and future Sygnus Real Estate Finance (SRF) and Wischermann Partners, Inc. developments in the important Caribbean region.”
The first property under development is a 250-room luxury resort and 23 residences nestled amongst towering 200-year-old fig and banyan trees at Mammee Bay in Jamaica, that is slated to debut in late 2024. Showcasing design by LEO A DALY, the resort has been envisioned to celebrate the vibrant nature of the island and introduce an at once elevated, elegant and authentic experience – an idyllic haven delivering transportive getaways. An array of unique amenities will be found throughout the property including an 18,000-square-foot spa deeply immersed in nature and featuring therapies such as sound healing and meditative practices, culinary destinations including a fine dining show kitchen, a Mediterranean bistro, a beach bar and grill, and more. The project is estimated to be a US $265 million investment.
“Creating memorable experiences for curious travelers is at our core,” commented Paul Wischermann, President and Chief Executive Officer for Wischermann Partners, Inc. “We are proud to introduce this collection of destination-defining resorts within LHW which are rooted in cultural immersion and guided by a commitment to setting a new bar in luxury travel.”
“As the regional leader in the alternative investments space, Sygnus through our specialty real estate investment company, Sygnus Real Estate Finance (SRF), has always had a key interest in enhancing the luxury hospitality market in Jamaica and our Mammee Bay project represents the ideal opportunity to achieve this. In collaboration with the Leading Hotels of the World and a group of highly talented partners, our vision is not only to execute the Mammee Bay project but to over time build out a series of similar luxury projects in other highly sought-after destinations across the Caribbean,” remarked Berisford Grey, Chief Executive Officer of Sygnus Group.
Sygnus is actively exploring future developments in the Dominican Republic and St. Lucia, among other magnificent island escapes.