Category: BHA News

Investors in a $4.9 billion Bahamas-based mixed-use resort development have accused the developer of becoming “a puppet to give cover” to the refusal of the project’s financial backer to further develop the site, into which real estate investors had pumped $160 million to acquire some 195 lots.
…Continue readingGinn Labeled ‘Puppet’ By Investors

AIR Jamaica is to discontinue flights to the Bahamas, forcing Bahamians to travel through the United States to get to the wider Caribbean.
…Continue readingAir Jamaica Suspend Flights To The Bahamas

A Miami-based private equity firm that specialises in luxury, beachfront resort purchases is in negotiations to acquire the development rights to the previously proposed multi-million dollar Aman resort project on Norman’s Cay in the Exumas, Tribune Business can reveal.
…Continue readingMiami Firm Interested In Norman’s Cay Resort Project

Hearing “Islands in the Stream” should inspire you to do more than change your radio station. Before Dolly Parton and the Bee Gees made it the centerpiece of their pop confection, the name more readily sprang to mind as the title of Ernest Hemingway’s famous novel, parts of which he wrote while on Bimini, in the Bahamas, so inspired was he by the islands’ fishing and diving.
…Continue readingBahamas Vacation Count Down

The long-running legal row over the collapsed $2.6 billion joint venture between Baha Mar and Harrah’s Entertainment is not over despite a New York judge ruling against the Bahamian company.
…Continue readingBaha Mar Plans To Appeal New York Ruling

Baha Mar’s claim for fraud against gaming giant Harrah’s over their collapsed $2.6 billion Cable Beach joint venture has been dismissed by a New York judge because there is no evidence that the latter “knowingly intended to deceive” it over its intentions towards the project.
…Continue readingBaha Mar Fraud Claim Baseless

A New York judge has delivered a seeming knock-out blow to Baha Mar’s legal action against Harrah’s Entertainment over their collapsed $2.6 billion Cable Beach joint venture, dismissing the developer’s breach of contract, fraud and negligent misrepresentation claims, and branding as “meritless” a key part of its case against the gaming giant.

…Continue readingBaha Mar’s Claim Against Harrah’s Is Meritless

The suggestion of adding $10 onto ticket prices to The Bahamas and to the Caribbean is being protested by a frequent flyer to the islands, who argues the move could cripple this nation’s tourism industry further.
…Continue readingTourist Slams New $10 Tax Proposal

Baha Mar has resolved the last remaining commercial issues with its prospective financing partner for the $2.6 billion Cable Beach redevelopment, Tribune Business was informed last night, the developer now moving towards finalising the legal documents and presenting the finished plans to the Government.

…Continue readingBaha Mar Closer To Closing China Deal

Atlantis’ room bookings are up near 25 per cent year-over-year for January, the resort’s senior executive said yesterday, despite group bookings showing no sign of a short-term turnaround.

…Continue readingAtlantis Resort Bookings Up 25%