Bermuda has won the bid to host the 35th America’s Cup in 2017. The sailing event will be held at the Royal Naval Dockyard, where a purpose-built event village will be developed in the South Basin to provide optimal spectator seating.

“We’re thrilled to be named the home of the 35th America’s Cup in 2017,” said Bill Hanbury, CEO of the Bermuda Tourism Authority. “Today’s announcement is just the beginning of an exhilarating new chapter for Bermuda as an island country—including the important tourism industry. We are proud marketing partners with the America’s Cup Event Authority and look forward to shining a brighter spotlight on Bermuda as a stunning venue for such an amazing global competition.”

San Diego was the other finalist in the running to host the America’s Cup. The event will be staged in Bermuda in June 2017. The host venue was confirmed at a press conference in New York by Harvey Schiller, the commercial commissioner for the America’s Cup.

“In Bermuda we have a perfect international venue to demonstrate the excitement America’s Cup boats and teams can generate,” Schiller said. “The sailing conditions are near perfect. The race course on The Great Sound is a natural amphitheater with room for racing and spectators, amid a spectacular backdrop of islands and beaches. And the proposed America’s Cup Village at the Royal Naval Dockyard will be the heart of the event for the teams and fans alike.”