The Green family has purchased the former Sonesta Beach Resort from a US-based financial institution.The family is now conducting a review of the Southampton Beach Resort to determine the way forward with the 32-acre South Shore property.They intend to consult with “Government, Planning and relevant stakeholders” as part of that process, a spokeswoman said.Andrew Green said on behalf of the family: “We understand that there may be interest in our plans for the land, and particularly given our ownership of the Fairmont Hamilton Princess, however it is important that we now take some time to consider all the appropriate options. For now our main focus continues to be planning for the Fairmont Hamilton Princess upgrade and, when that is complete, we will work to see how we can best utilise the former Sonesta property.”The sale was announced yesterday by Jones Lang LaSalle’s Capital Markets experts, along with real estate experts Rego Sotheby’s International Realty.The sale was led by Rego Sotheby’s International Realty team led by president Buddy Rego and executive vice-president Penny MacIntyre.“This is an exceptional acquisition as the only freehold hotel tourism property recently available in Bermuda,” said Ms MacIntyre. “We are pleased the South Beaches site is in the hands of the Green family who continually demonstrate their commitment and dedication to Bermuda’s success.”Previously the home of the Sonesta Beach Hotel and Beach resort, the Green family purchased the Fairmont Hamilton Princess in 2012.The site includes three private beaches and includes building sites with “elevated views of the Atlantic Ocean and direct access to the beach areas”. It also includes entitlement to 88 residential units, “47 of which are available for purchase by non-Bermudians, and a resort hotel”.