NASSAU, BAHAMAS – New Providence Development Company Limited (NPDCo) has announced the acquisition of The Island House Nassau Limited from the Holowesko family.
Terry White, Chairman of NPDCo, commenting on the acquisition stated: “New Providence Development Company Limited has been investing in the ongoing growth and success of Western New Providence for over 60 years. Our goal is to continue to positively impact the community through our investments, and our purchase of The Island House is furthering that commitment. In combining these two assets, we will leverage our respective strengths to create a truly special offering for both Old Fort Bay members and The Island House guests. We look forward to enhancing the member and guest experience while preserving the unique character that has made The Island House a beloved destination.”
Mark Holowesko, the former owner, expressed satisfaction with the transition: “As a family, we are happy to pass the baton on to another family-owned and operated business which ensures the same principles, product, and values continue at The Island House. We are very proud to have created this unique product in The Bahamas. This sale benefits The Island House, allowing it to solidify and grow its offering to guests.
The Holowesko family will continue to develop new projects in The Bahamas, focusing on excellent experiences and products, especially at Highbourne Cay in the Exumas.”
The Island House, known for its natural elegance and authentic Bahamian spirit, has become a premier luxury destination since it opened nine years ago. The resort will continue to operate under its current brand vision, showcasing refined local luxury and offering inspiring culinary, cultural, and wellness experiences that present The Bahamas in a new, contemporary light. Several key aspects of the resort will remain unchanged, including popular amenities such as Shima, Mogano by Giorgio Locatelli, Yellowbell, The Cinema, The Market, Island Pizza, and Bamford Spa. Furthermore, the resort will continue to serve as a platform for local creative culture.
To ensure continuity and a smooth transition, Lauren Holowesko Perez will remain as Creative Director, shaping the vision and development of both The Island House and Old Fort Bay Club. “Our long-term vision has always been to create unique, memorable experiences that inspire guests from around the world and the local community. Over the last nine years, The Island House has become an award-winning, globally recognized brand with a loyal following. We intend to build on this accomplishment as we continue to innovate and develop exciting offerings at both The Island House and the Old Fort Bay Club,” said Holowesko Perez. “Attracting guests and engaging our community is not just good for us; it’s good for the entire Bahamian hospitality industry.”
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