“HORIZONS AND COTTAGES, the charming manor-hotel in Bermuda, is closed for redevelopment. Brickman, the New York real estate private equity firm, has entered into partnership with Horizons Ltd. Their plan envisions an “upgrade to fivestar standards and style,” plus the construction of a new 150-room hotel on the beach at the nearby Coral Beach Club. The associated property in Hamilton, Waterloo House, has closed permanently.”