David Johnstone | Partner

David Johnstone is the Partner in charge of the Real Estate, Resort Development, Shipping and Private Client Groups at Lennox Paton. He is the clear industry leader in representing resort developers in all aspects of resort development including acquisition, financing, regulatory approvals, development, master planning and sales programmes.

David has extensive regulatory experience including drafting applications to the Bahamas Investment Authority, drafting Heads of Agreement,  and drafting and negotiating all subdivision and utility agreements with Government. He has established himself as an industry leader in master planning mixed-use resorts with varied residential and amenity components including subdivisions, condominium, condohotel and timeshare components. David has also structured complex homeowners associations and advised on structuring golf club and marina club programmes. Additionally, David has established himself as an expert in representing high net worth private clients in real estate acquisitions and family planning matters.

David has wide-ranging experience in secured financing transactions, construction and mezzanine financing and residential and commercial lease transactions.

He has been consistently ranked by Chambers & Partners, a United Kingdom rating agency, as among the top tier attorneys in The Bahamas.

Representing the Export-Import Bank of China in a $2.45B secured financing of a mixed-use-multi-brand mega resort on New Providence.

Represented Florida Power & Light and Tractebel North America in the proposed construction of a $1B liquefied natural gas terminal on Grand Bahama.

Represented developer in the acquisition and $100M retrofit of the British Colonial Hilton; also represented the mezzanine secured lender in this transaction.

Represented developer as lead counsel in the $30M acquisition of the Hilton Hotel in Kingston, Jamaica.

Represented developer as lead counsel in the acquisition of a $10M Comfort Suites Hotel in Ocho Rios, Jamaica.

Represented developer and mezzanine lender in the $20M acquisition of the South Ocean Resort, New Providence.

Acting for Mitsui/Hypoveriens Bank in the $140M credit insured financing of the Emerald Bay Resort, Exuma.

Acting for Four Seasons in structuring a condohotel programme at the Emerald Bay Resort, Exuma.

On behalf of the developer of the Bimini Bay resort structuring a Hilton managed 300 unit condohotel programme.

Acting for Starwood VO/Kerzner International in structuring the 400 unit Harbourside timeshare resort at Atlantis on Paradise Island.

Representing Lehman Brothers as secured lender with respect to the Royal Oasis Hotel, Freeport, the Hurricane Hole Marina Project Paradise Island and the Ritz Carlton branded Rose Island Project.

Acting for Morgan Stanley in a proposed $100M mixed-use development in Freeport, Grand Bahama.

Acting for the developer in the Balmoral development, a gated residential project comprising 240 town-homes and 70 single family lots on New Providence.

On behalf of the developer in the master planning and development of the proposed $2B Ginn Sur Mer resort on Grand Bahama.

Acting for Starwood Hotels as proposed joint venture partner in the $2B Baha Mar resort on Cable Beach, New Providence.

Acting for Citigroup in a $50M secured working capital loan to the developers of the Albany project, New Providence.

Representing a New York Hedge Fund in the acquisition and financing of the South Ocean Resort, New Providence.

Acting for the developers of the Baker's Bay Project, Abaco, The Bahamas in all matters of master planning and sales.

Representing a Texas domiciled REIT in the financing and restructuring of the developer of the Royal Island development, Eleuthera.

Acting generally for the developer of the French Leave resort at Governor's Harbour, Eleuthera in corporate and master planning matters.

Representing the owner of the Cotton Bay Resort, Eleuthera in planning a mixed-use resort.

Representing the owner in acquiring Lynyard Cay, Abaco for development as a mixed-use resort.

Representing a proposed joint venture developer in acquiring and developing the 2,000 acre Cape Eleuthera development on South Eleuthera.