Olympus Ventures Announces Acquisition of The Resorts & Residences by CuisinArt

Olympus Ventures, the family office of Richard M. Schulze, Founder and Chairman Emeritus of Best Buy and one of the world's foremost entrepreneurs, has acquired ownership of The ResortsandResidences by CuisinArt, which encompasses CuisinArt Golf Resort and Spa and The Reef by CuisinArt. The property is being managed by Wischermann Lifestyle Hospitality. Long considered a jewel of the Caribbean, set on the pristine Rendezvous Beach in Anguilla, the vision for the future of the resort and residences will elevate the property and introduce an array of world-class amenities and experiences, along with initiatives that enhance the community, benefitting guests, staff members and island residents.

The first phase of the innovations and enhancements currently underway includes a renewed and expanded 16,000 square foot Hydroponic Farm, featuring a variety of nutrient-rich grown vegetables which will provide the resort and guests with access to fresh vegetables, herbs and produce throughout the year. The new Hydroponic Farm will also offer educational tours in farm-to-table gardening, complete with a test kitchen hosting cooking classes and demonstrations. A new Solar Array, developed in collaboration with the local utility company, is being installed and will operate in parallel with the utility grid, providing energy for the resort's water treatment resources, golf course and lighting infrastructures. The Solar Array will also be expandable to support future resort development and amenities. Additionally, the Reverse Osmosis Plant is being expanded upon and will have a capacity to produce 1.5 million gallons of irrigation and potable water for daily use. The plant will feature three separate fill stations for local trucks to purchase and bottle water for the island.

The ambitious and visionary plan for the future of the resort speaks directly to the owner's focus on employee and community-centric work environments built for individuals to achieve their best, and in turn, provide guests with the finest service and experience possible. The second phase of the enhancements will include a state-of-the-art destination spa and wellness center, and improvements to the golf course to elevate it to one of the best in the world, ultimately culminating in what promises to be the most coveted resort in the Caribbean.

"The acquisition marks an exciting new chapter for the resort," said Simon A. Fricker, Managing Director for The Resorts and Residences by CuisinArt. "We are committed to honoring its legacy while introducing next-level amenities and experiences to the revered property, ushering in a new era and delivering the preeminent luxury travel experience in the destination."

Newly appointed Managing Director Simon A. Fricker will lead all aspects of the resort operations, associates and day to day management of the property. Mr. Fricker was born and educated in Switzerland with an esteemed career that has spanned three continents including experience leading international luxury brands such as the Peninsula, St. Regis and Mandarin Oriental. Iain Mossman has been appointed General Manager of Golf Operations. Originally hailing from Scotland, Iain will oversee all aspects of the CuisinArt Golf Club, a Greg Norman Signature Design 18-Hole Championship Course. Prior to joining CuisinArt, Iain was the General Manager of The Old Collier Golf Club in Naples, Florida, an exclusive Top 50 Platinum Golf Club of America, for 14 years. Ian has additionally held roles at the Piping Rock Club in Locust Valley, New York, where he served as the Director of Golf for 11 years, and the Westinghouse Communities, Naples, Florida, where he was the Director of Golf Operations for seven years.

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About the Resorts and Residences by CuisinArt

Nestled in the crescent curve of Anguilla's Rendezvous Bay, the Resorts and Residences by CuisinArt, encompasses CuisinArt Golf Resort and Spa and The Reef by CuisinArt. Perfectly positioned on 314 acres on the Caribbean paradise of Anguilla, the Resorts and Residences by CuisinArt is a luxury icon. The resorts crown jewels include the 18 hole Greg Norman designed golf course, the Spa by CuisinArt, and world-class dining venues across CuisinArt Golf ResortandSpa and The Reef by CuisinArt.

For more information or to make reservations, please call (800) 943-3210 or visit www.cuisinartresort.com.