Banyan Tree’s first Caribbean resort will be in the Bahamas
The luxurious Banyan Tree brand is slated for a Caribbean expansion.
The initial residential component of Banyan Tree Bimini Resort & Residences is on track to open in early 2025, and the entire resort is slated to open sometime in 2027. The planned 50-suite, 54-residence property will sit on the secluded Bahamian island of Bimini, located just 48 nautical miles east of Miami.
The resort developers are quick to tout the property's convenient location: By plane, it's less than 30 minutes away from Miami and within three hours of New York City, as well as a few other major U.S. cities.
The Caribbean expansion brings Banyan Tree (which is primarily found in Asia but also has properties in Mexico and the Middle East) ever closer to the U.S.
"Since the onset of this project, my focus has always been to assemble a world-class team dedicated to elevating the island to new heights," said Rafael Reyes, owner of Banyan Tree Bimini development firm Rockwell Island Development Group, in a statement. "Being the closest Bahamian island to the US, Bimini is a hidden gem that world-class travelers will soon get to experience. Time slows down here, and life unfolds effortlessly."
Accommodations will be split between 24 beachfront villas and 26 overwater bungalows, as you'd expect in the Maldives. All suites feature a private terrace and a pool.
For those looking for a more permanent tie to Banyan Tree, private residences at the resort start at $3.5 million. All residences are on the waterfront and include a private dock and beach access. Owners can also request to join a rental program managed by Banyan Tree.
Banyan Tree Bimini will have many unique amenities for guests to enjoy, including a beach club, a lounge, a signature restaurant, a library and a bar — all of which will focus on locally sourced and seasonal cuisine. Of course, no Banyan Tree is complete without the brand's signature Banyan Tree Spa, which will also be available at the Bimini resort.
Alongside its standout, luxurious accommodations, Banyan Tree is well known for curating local experiences at its hotels and resorts.
"The Banyan Tree brand embodies intimacy, nature and local traditions, and Banyan Tree Bimini Resort & Residences reflects these values by embracing the local culture and natural environment, inviting guests to immerse themselves in this Sanctuary for the Senses," Eddy See, president and CEO of Banyan Group, said in a statement.
Related reading:
TPG featured card
Rewards
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month
Rewards Rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro Offer
Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
$395Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.740-850Excellent
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month