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CCA Bahamas Comments on Baha Mar Bankruptcy

CCA Bahamas Comments on Baha Mar Bankruptcy

Following the announcement reported by Forbes that the Baha Mar resort has filed for Chapter 11 bankruptcy protection due to construction slowdowns, the project’s contractor, CCA Bahamas, Ltd., has responded to the allegation. “Baha Mar Ltd.’s decision to file for ...

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Baha Mar Delays Opening

Baha Mar Delays Opening

Baha Mar, the $3.5 billion, 2,200-room megaresort in Nassau, Bahamas, will not begin its phased launch on March 27 as planned, according to Travel Pulse. The opening has been pushed back to early May. Officials blamed the latest delay on ...

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Meliá Hotels Joins Baha Mar Project

Meliá Hotels Joins Baha Mar Project

NASSAU, The Bahamas—The Chairmen of Baha Mar and Meliá Hotels International signed an agreement for Meliá to operate the all-inclusive Meliá at Baha Mar, in the luxury leisure development Baha Mar. The $3.5 billion investment, comprised of 1,000 acres with ...

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Caribbean Hotels Trending Upward

Caribbean Hotels Trending Upward

ATLANTA—PKF Consulting USA (PKFC) announced that the average Caribbean hotel enjoyed a 10.9 percent increase in net operating income (NOI) in 2012, according to its newly released 2013 edition of Caribbean Trends in the Hotel Industry. This is the second ...

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