The Loren Group has acquired the iconic Elbow Beach Hotel and Fritholme Garden Residences in Bermuda, a landmark property on the island’s southern shore.

It is The Loren Group’s second property in Bermuda, joining The Loren at Pink Beach, which opened in 2017.

The Elbow Beach Resort, which has remained closed since early 2020, will undergo a comprehensive redevelopment before reopening. The Loren Group says that detailed plans will be shared in the coming months, but the redevelopment will “deliver a world class mix of luxury real estate, an expansion of the Loren Hotel, restaurants, member and wellness facilities, reflecting the brand’s ‘uncompromising by nature’ ethos.”

In addition to providing new opportunities for ownership in Bermuda, the new development will create significant employment opportunities to support the local economy. The Loren Elbow Beach will participate in the brand’s Roots Initiative, a program designed to capture carbon through biodiverse reafforestation.

“We are honored to take ownership of the historic Elbow Beach Resort, a property that holds a special place in Bermuda’s rich cultural and hospitality heritage. Our vision is to rejuvenate this esteemed property, blending its storied past with The Loren’s signature style to create an unparalleled destination for both locals and visitors,” says Stephen King, CEO and founder, The Loren Group. “This deal is a testament to our dedication to Bermuda and the opportunity we see for continued growth as a luxury hospitality brand. We would like to thank all those involved in the transaction including Butterfield Bank, EY, Rego Sotheby’s International Realty, and the Government of Bermuda and look to many more years of doing business in Bermuda.”

In addition to its properties in Bermuda, The Loren Group’s portfolio includes The Loren at Lady Bird Lake in Austin, Texas, and the upcoming Loren at Turtle Cove in Turks & Caicos, which is expected to open in 2026.