A team of Bermudian entrepreneurs has been chosen as the new leaseholders of the beachside café at Horseshoe Bay.

Delton Ebbin, Carl Vincent and Devon Simons – together, Horseshoe Bay Live – were unveiled as the winning bidders at a press conference today hosted by David Burch, the public works minister.

Mr Burch said HBL will take over the existing facility on April 1 next year unless an earlier exit can be negotiated with current leaseholders Chops Ltd, whose lease for the Rum Bum Beach Bar expires on March 31.

He added that a $3.8 million redevelopment project, funded by the leaseholders, will begin next November to revamp the facility in time for the 2022 tourist season.

HBL has been granted a five-year lease with a tenant option to renew for five or 10 years.

Mr Burch said the ministry received proposals from 16 groups for the operation of the facility.