Bermuda’s biggest superyacht marina yesterday launched.

And the 110-berth marina was hailed as a key step in the development of Caroline Bay, a five-star luxury hotel, residences and marina project at the former Morgan’s Point military base in the West End.

Craig Christensen, president and chief executive officer of Morgan’s Point Ltd, said: “The completion of the Caroline Bay Marina Docks is a significant milestone for us considering the aggressive schedule and challenges faced since November 2016.

“I am delighted that we have reached this stage and am confident that we will be ready for the America’s Cup.”

Ralph Richardson, CEO of Caroline Bay Marina Ltd, added that the first visiting yacht would arrive in the middle of next month.

He added: “Structural completion of the docks today brings confidence that we will be able to provide the service that is expected of a facility of this type.

“We have assembled a team of professionals that is looking forward to serving our clients, some already en route to Bermuda.”

When complete, the site will also feature restaurants and upmarket retail.

The completion of phase one of the marina development included the construction of the berths and mooring spaces.

Structural completion includes installation of the all the docks, including piles, pontoons, fingers and electrical components.

Completion was celebrated with a dock wetting yesterday, attended by Cabinet Minister Craig Cannonier.