Leading Developer and Luxury Hospitality Company Unveil $300+ Million Abaco Luxury Development, Montage Cay

Shovels in the ground for the official groundbreaking of luxury resort, Montage Cay in Abaco
(l-r) Hon. John Pinder, MP, Central and South Abaco, and Parliamentary Secretary, Ministry of
Tourism, Investments & Aviation; Hon. I Chester Cooper, Deputy Prime Minister and Minister of Tourism, Investments & Aviation; Alan Feurstman, Founder, Chairman & CEO of Montage Int’l; Rt. Honourable Phillip Dave, Prime Minister of The Bahamas and Minister of Finance; David Kosoy, Executive Chairman & Founder, Director of Sterling Global Financial; Hon. Kirk Cornish, MP, North Abaco

NASSAU, BAHAMAS. – With hard hats, shovels and broad smiles, the nation’s leaders joined a top developer and executives of a leading luxury hospitality company today, officially breaking ground on a $300+ million resort, residential and marina project in Abaco to be known as Montage Cay, opening late 2024.

The project, already underway, is a partnership between developer Sterling Global, a full financial service and real estate development group with headquarters in Nassau and offices in Cayman, and Montage International, a California-based hospitality management company founded by Alan J. Fuerstman, featuring the ultra-luxury brand Montage Hotels & Resorts, the contemporary luxury hospitality brand Pendry Hotels & Resorts, Montage Residences, Pendry Residences, and the management of some of the country’s premier golf courses and clubs.

Prime Minister Phillip Davis, Deputy Prime Minister Chester Cooper and Minister of Environment, Vaughn Miller exchange warm greetings with David Kosoy, Executive Chairman of Sterling Global Financial at Montage Cay, Abaco

The Abaco groundbreaking with Prime Minister Philip ‘Brave’ Davis and Deputy Prime Minister Chester Cooper follows Sterling’s successful grand opening of Hurricane Hole Superyacht Marina in late November. An event attended by more than 500, where Prime Minister Philip ‘Brave’ Davis called the marina and surrounding residential community, retail, and dining offerings, “fitting and welcome additions to the continued development of The Bahamas’ world-renowned tourism product.”

For guests at today’s ceremony, it was hard not to experience the juxtaposition, while remembering less than three years ago the devastation that flattened and washed away much of the city of Marsh Harbour, a short ferry ride away. Montage Cay, the private-island resort will feature 50 all-suite accommodations and a limited collection of Montage Residences built in harmony with the island’s seven white-sand beaches against a tranquil backdrop of the Sea of Abaco and the stunning surrounding cays. A 47-slip marina accommodating vessels up to 110 feet anchors the resort, allowing guests and residents of Montage Cay exceptional access to an array of world-class boating, fishing, and water sports activities. Montage Cay will boast an array of unique restaurant and bar experiences including all-day dining, a signature dinner-only restaurant, two beach bar and grilles, lobby, and pool bars, as well as a spa café and juice bar. Additional resort amenities include a full-service Spa Montage, an extensive health and wellness program, fitness center, swimming pools, and Montage’s signature Paintbox Children’s Club.

“Today we mark a milestone, officially breaking ground on a development that will transform the tourism offerings of the Northern Bahamas,” said Sterling founder and executive chairman David Kosoy. “Montage Cay and The Residences at Montage Cay will bring a new level of leisure and luxury to the Abacos.”

Alan J. Fuerstman, founder of the luxury resort Montage chain of hotels along with his family and Montage team members

Montage Cay is not only providing a much-needed boost to the Bahamian economy during construction, helping people build back, but will provide upscale desirable jobs when complete and will attract visitors and residents who truly respect The Bahamas, its waters, its people, and the wonderful lifestyle this country has to offer.”

Beautiful day at the $300+ million ground breaking event for Montage Cay’s luxury resort in Abaco

“We are pleased to be partnering with the team at Sterling Global to bring Montage Cay to life and introduce our first Caribbean resort,” said Alan J. Fuerstman, Founder, Chairman and CEO, Montage International. “Montage Cay has been designed to take advantage of the island’s natural beauty, while offering guests Montage’s signature amenities and service.”

Among the other dignitaries at today’s groundbreaking were Tourism Parliamentary Secretary John Pinder, Ministry of Works Permanent Secretary Luther Smith, local Abaco elected and appointed officials,
Pastor Ryan Forbes of Assemblies of God, Treasure Cay, and Abaco Chamber of Commerce President Daphne DeGregory Miauolis. The event was covered by nearly every media house in the country.