Newstead Belmont Hills Golf Resort & Spa
SPECTACULAR 4-STAR OCEANFRONT RESORT AND 18-HOLE CHAMPIONSHIP GOLF COURSE
Marketing description
Leisure Investment Properties Group is pleased to present the opportunity to acquire Newstead Belmont Hills Resort & Spa, located in Paget, Bermuda. This is a rare chance to own one of Bermuda’s most established resort and golf properties, uniquely positioned at the intersection of luxury hospitality, residential potential, and destination golf within one of the world’s most exclusive island markets. The Newstead Belmont Hills Golf Resort & Spa, together with the Belmont Hills Championship Golf Course, represents a fully integrated, revenue-generating hospitality platform, offering significant upside potential through repositioning, brand enhancement, and development optimization.
The resort offers a wide range of amenities, including a scenic setting overlooking Hamilton Harbor, the award-winning Aurora Ocean restaurant, a resort-style infinity pool, a luxury spa, private water ferry service to and from the City of Hamilton, and a fully renovated fitness center. It generates strong recurring income, including approximately $1.9 million annually from quarterly maintenance fees tied to fractional ownership units, $4.3 million in room rental revenue, and $920,000 in lease income from the restaurant, spa, and cottage rentals. In addition, the course recently signed new leases for the Golf Range, Maintenance building, and a Quarry on Hole #16, which are expected to generate an additional $195,000 income for 2026.
Investment highlights
❖ Asking Price $21,000,000 – (T12 REVENUE $8,741,381; EBITDA $835,021)
❖ Essentially, newly signed leases will add an additional $195,000 to the bottom line
❖ $417.91 ADR | $177.45 RevPAR | 42.46% Occupancy (YTD November)
❖ 67 Fractional Ownership Units & 2 Whole Ownership Units (Valued at $12.43m)
❖ This potential sale revenue is separate from the hotel’s regular operating revenue of $8.7m
❖ 60 Key Premier Boutique Luxury Resort (Operated as 45 Units)
❖ 45 suites with 270 Fractional Owners (8 weeks of ownership per each fractional)
❖ 60:40 Resort Revenue split for rental pool (Historically 50% of fractional time)
❖ Strong management fee on the fractional ownership units (Increases 8% YoY)
❖ Restaurant regarded as one of the best on the island
❖ Additional 10-acre waterfront development site across the harbor (Available Separately)
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