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26.10.2015
This world-class resort will be developed on 600 acres of beach-front property at Cable Beach, west of Nassau, New Providence Island, in the Commonwealth of the Bahamas. Monterey County – A Landscape of InspirationMonterey County is the West Coast’s most inspirational destination for meetings and conferences, and is an ideal location to host innovative meetings.
Baha Mar, a 1,000-acre, mixed-use destination resort represents the single, largest resort investment in the history of region. The $3.5 billion Nassau megaresort, which had already delayed its scheduled openings in December and March, has voluntarily filed for Chapter 11 Bankruptcy protection in US Bankruptcy Court in Delaware. Baha Mar, Ltd will be filing an application in the Supreme Court of The Commonwealth of the Bahamas seeking approval of the U.S. In a statement, Baha Mar CEO Sarkis Izmirlian blamed the project’s contractor, a state-owned Chinese company. Izmirlian said the general contractor had made guarantees ahead of the resort’s previous planned November 2014 and January 2015 openings.


The massive resort project in New Providence is slated to include four hotels: a Rosewood, a Grand Hyatt, an SLS Lux and the eponymous Baha Mar Hotel and Casino. Resorts World Planning $600 Million in Bimini InvestmentsResorts World is significantly expanding its investment in the Bahamian island of Bimini. Resorts World Planning $600 Million in Bimini Investments: Resorts World is significantly expanding its investment in the Bahamian island of Bimini.
The Ritz-Carlton St Thomas Has Been SoldThe property, which recently underwent a $22 million renovation, is being acquired by Dallas-based Ashford Hospitality Prime for $64 million from Marriott. The Ritz-Carlton St Thomas Has Been Sold: The property, which recently underwent a $22 million renovation, is being acquired by Dallas-based Ashford Hospitality Prime for $64 million from Marriott.
It later missed announced openings in March, May and June of this year, angering customers who had booked rooms. The massive project would revitalize tourism in the Bahamas and provide thousands of local jobs.


Our market-leading resources include news and information (including in our mobile app and e-newsletters), a monthly print and digital magazine, educational webinars, venue and destination directories, networking events and site selection tools. Chapter 11 requires suppliers and other creditors to continue working with Baha Mar while it secures financing of up to $80 million to continue to pay workers, suppliers and vendors. Lush tiered landscaping and landscape structures with pools, cabanas and other outbuildings decorate the beach side of the hotels, and a man-made lagoon twists and wraps around the hotels on the landward side.



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