Yntegra Group Signs Agreement to Develop Northern Tract of Big Sampson and East Sampson Heads of Agreement with The Bahamas marks second major project in the Exumas
Miami, FL
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January 04, 2024 09:32 AM Eastern Standard Time
Yntegra Group today signed a Heads of Agreement with the government of The Bahamas to develop the northern tract of Big Sampson and East Sampson Cays in the Exumas. It is the second, ultra-luxury project that the Miami-based company has in the area.
According to Felipe MacLean, CEO of Yntegra Group, the project will have a residential community, boutique resort, and marina component, and the proposed designs show a deep commitment to the environment.
“We are committed to building on the current success of the area as a world-class destination,” said MacLean. “Our ultra-luxury resorts, marinas, and residences will be showpieces for the area while preserving the natural environment and caring for the long-term sustainability of the Exumas.”
MacLean thanked the government of The Bahamas for its support and noted that current plans to improve infrastructure, such as the expansion of the Blackpoint Airport to add more international flights, and the increase in airlift to the Exumas, show that the nation’s elected officials are deeply devoted to the long-term economic development of the area.
The Sampson project will have a capital expenditure of more than $100 million over the life of the project and will create more than 250 jobs during construction. MacLean noted that Yntegra Group has already signed an agreement with one of the top ultra-luxury hotel operators in the world, which will be formally announced in early 2024.
“We will continue to work with the local community in Exuma to create quality jobs and identify entrepreneurial opportunities while promoting the area as a global destination and supporting the development of the tourism industry,” said MacLean. “We have long-term plans for investment in the Exumas and are excited about the prospects that lay ahead.”
Currently developing two major luxury resort and residential developments in the Exumas, Yntegra Group focuses primarily on real estate development, asset management, and specialty finance. More information is available at yntegragroup.com.
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