WEBVTT - Elbow Beach Bermuda's Burns on Tourism and Development (Audio)

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<v Speaker 1>Let's get right to Ed Burns Now he's managing director

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<v Speaker 1>at the Elbow Beach, Bermuda, to talk about this storied

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<v Speaker 1>resort and where it is and where you're taking it next. Ed, welcome,

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<v Speaker 1>thank you, thank you for coming. Well, it is a

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<v Speaker 1>beautiful spot Bermuda, this beach, the turquoise water, the sand

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<v Speaker 1>that feels like flower under your feet. But give us

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<v Speaker 1>just a in a nutshell, the history of this resort. Well,

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<v Speaker 1>it opened originally opened the nineteen o eight UM as

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<v Speaker 1>the luxury hotel in Bermuda, and it's evolved ever since then. UM,

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<v Speaker 1>it's entertained royalty, Kings and Queens and college week for

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<v Speaker 1>a long time, and it's evolved into nine different buildings

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<v Speaker 1>all tied to one UH. And it's just it's just unbelievable.

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<v Speaker 1>What are you aiming to do with the property? And

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<v Speaker 1>also maybe just explain the context of tourism and how

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<v Speaker 1>that is developing on the island. Uh. Tourism is on

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<v Speaker 1>the move, it is UH it needs to rebound here

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<v Speaker 1>a bit. UH. Over the course of the last thirty

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<v Speaker 1>years or so, the islands inventory of hotel rooms had

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<v Speaker 1>dropped for many reasons. But UM, the tourism sector is

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<v Speaker 1>back on the front end of the burner sort of stakes.

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<v Speaker 1>So with the securing the America's Cup event next year

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<v Speaker 1>was just a huge, huge boost for Muted and UM.

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<v Speaker 1>And that's ahead of us and there's a lot of

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<v Speaker 1>activity in front of it. So there are three projects

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<v Speaker 1>on the island. Two of them are approved to St.

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<v Speaker 1>Regis Hotels and to go down at on St. George's

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<v Speaker 1>area and rich Carlton Reserve up in the Somerset we

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<v Speaker 1>are about to uh, we're embarking on possibly expanding our

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<v Speaker 1>inaventory by um sixty eight rooms or suites UM. And

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<v Speaker 1>there's some plans for a property down the beach um

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<v Speaker 1>that's owned by Michael Douglas Ariel Sands to open up.

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<v Speaker 1>And there's a property under construction that should be completed

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<v Speaker 1>in six months called Pink Beaches. Also on the south shore.

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<v Speaker 1>What is the number one thing you think might surprise

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<v Speaker 1>people who have not been to Elbow Beach before. Well,

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<v Speaker 1>the proximity is the obvious one. You know, every time

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<v Speaker 1>I fly here and back, you know you want to

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<v Speaker 1>stretch your legs, but at the time you get to

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<v Speaker 1>your cruising speed, you have to sit back down. Because

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<v Speaker 1>you're landing, so it's just remarkably quick. I've been big

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<v Speaker 1>Bloomberg radio listeners so used to commute that on New York,

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<v Speaker 1>listening to you guys all the time, and I'm getting

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<v Speaker 1>guessing on many days, Uh, we could get here to

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<v Speaker 1>Bermuda quicker than I could get home to my house

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<v Speaker 1>in Cantona, New York. So I think that probably makes

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<v Speaker 1>a lot of sense. Well said Ed Burns, Thank you

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<v Speaker 1>very much, Managing director Elbow Beach of Bermuda. You're listening

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<v Speaker 1>to taking stock ocean front enclave of classic style and

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<v Speaker 1>contemporary luxury.