Hotel News

Baha Mar To Benefit Bahamas Economy

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"This one of a kind project is a godsend for The Bahamas." That was the message from Baha Mar chiefs as they revealed that phase one of the multi-billion dollar project will be given exclusively to Bahamian contractors.
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Bahamas Mega Resort Deal Inked

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SAN JUAN, Puerto Rico — A stalled mega-resort in the Bahamas seems back on track after a Chinese bank arranged a $2.5 billion financing deal, a boost for the archipelago whose tourism-dependent economy has been slammed by the global slump.
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Baha Mar To Close $2.5B Financing Agreement

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Bah Mar could finalise a $2.5 billion loan agreement with its Chinese partners for the Cable Beach redevelopment "within the next week", Tribune Business was told yesterday, with the developer also moving to conclude talks with Scotiabank on its original $170 million syndicated loan.
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Chinese Investors Eye Freeport Mega Resort Project

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With the conclusion of a $2.5 billion loan agreement for the Baha Mar project said to be imminent last night, Tribune Business can reveal that another Chinese-led investor group is eyeing a multi-million dollar resort project for Grand Bahama, complete with potential cruise port.
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Tourism Development Forced BEC Abaco Plant's Move

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THE Bahamas Electricity Corporation's (BEC) controversial new Abaco power plant was moved from its preferred location to prevent it negatively impacting a proposed $160 million "residential and resort" project, government documents obtained by Tribune Business have confirmed.
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