Enchantment Group has announced that it has acquired The Cove, a luxury beachfront resort on the Bahamian island of Eleuthera, purchasing it from New Orleans-based businessman Sidney D. Torres, IV and IV Capital.
The property, located on the island’s northern end on the Caribbean Sea, is just 45 minutes from South Florida and is accessible via daily flights from Fort Lauderdale, Miami and Nassau into North Eleuthera and Governor’s Harbour airports. Positioned on a secluded, rocky promontory flanked by two pink-sand beaches, the resort includes stylish seaside villas, cottages and suites, a hilltop infinity pool, open-air sunset bar, gourmet restaurant and sushi bar, and activities like snorkelling, paddle boarding and kayaking. Enchantment Group will also manage the property, potentially building a spa and additional waterfront suite accommodations.
When Torres, founder of IV Capital, bought The Cove, it had been closed for two years and had only six rooms. Sketching on napkins, he conceived of a grand property outfitted with top amenities, something sought after by discerning travellers. Torres added a highly-rated restaurant and top-shelf bar programme with all the flavours of his hometown, New Orleans. The resort now has 55 rooms.
The Cove is the newest addition to the Enchantment Group collection which also includes Enchantment Resort; Mii amo, a destination spa; and Seven Canyons golf club, all in Sedona, Arizona; and the Tides Inn located on Virginia’s Chesapeake Bay.
01 May 2015