Miami, United States & Dubai, UAE
Tao Retreat, an existing participant in FasterCapital’s program, is reporting material progress on its TAO RETREAT EXUMA development: five pre-construction sales agreements for hotel condominiums, a purchase-and-sales agreement for Lot 134 in George Town, Exuma, and detailed plans to renovate a 4,000 sq ft commercial building with two 1,000 sq ft ground-floor commercial units and 10 upstairs hotel rooms to integrate with the nearby 16-room TAO RETREAT property. The update outlines funding requirements, projected renovation costs, and tax incentives available under Bahamian law.
With ongoing support from FasterCapital through EquityPilot, Tao Retreat is focused on closing the Lot 134 acquisition, finalizing renovation scope and procurement, and integrating operations to scale short-term rental capacity and on-site services.
What the Startup Delivers?
Tao Retreat is developing a centrally located hospitality footprint in George Town, Exuma. The combined assets will consist of the existing 16-room hotel-condo product on Lot 155, a fully renovated commercial building with 3,000 sq ft interior space, and the planned Lot 134 addition with 10 hotel rooms and two commercial spaces suitable for restaurant, bar, or retail. Together these properties are intended to operate as a single rental platform delivering an expanded short-stay offering in the heart of Exuma.
Current FasterCapital Support
FasterCapital’s ongoing support in this phase includes:
– Milestone planning and execution follow-up as Tao Retreat advances Lot 134 acquisition and renovation
– Fundraising readiness guidance tied to the $600,000 funding requirement for purchase and renovation
– Pitch and communications refinement to present the combined asset value and operating plan
– Introductions to relevant ecosystem stakeholders where appropriate
– Strategic prioritization support for integrating the new building into existing management and operations
Current Execution Priorities
Tao Retreat’s current priorities are focused on completing the Lot 134 purchase, beginning renovation design and permitting, securing the required $600,000 funding for purchase and renovation plus acquisition costs, and coordinating operational integration with the existing 16-room management in George Town. The team is also advancing cost-control measures informed by prior acquisition and renovation performance on Lot 155.
Financial and asset summary
– Lot 134 purchase price: $205,000; estimated renovation: $350,000; funding required: $600,000 (including acquisition costs)
– Existing TAO RETREAT (16 rooms) valuation cited at $3.8M; Lot 155 current market value noted at $1.5M; Lot 134 projected market value after renovation $2.6M
– Combined market value reported: $7.9M with total debt of $2.2M
Leadership Comment
“Hesham Zreik, Founder and CEO of FasterCapital, said: ‘We’re pleased to continue supporting Tao Retreat through EquityPilot. Our team is focused on current execution priorities, milestone tracking, and connecting the startup with relevant ecosystem stakeholders as it advances.’
About Tao Retreat
Tao Retreat is advancing TAO RETREAT EXUMA, a multi-property hospitality and short-stay platform in George Town, Exuma, Bahamas. The current program of work combines renovated hotel-condo units and commercial space to expand rental capacity and on-site offerings. Tao Retreat is executing acquisition, renovation, and operational integration activities to realize the combined asset value.
About FasterCapital
FasterCapital is a global venture builder and online incubator dedicated to co-funding and co-founding innovative startups. Established in 2014, we are now #1 venture builder in terms of number of startups that we have helped, money invested and money raised. It supports startups worldwide through various programs, including funding assistance, business development, and technical support. The EquityPilot program is designed to help early-stage startups build scalable solutions with mentorship, strategic guidance, and network support.
