Hotel News

Concern Over South Ocean Resort

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A government minister yesterday told Tribune Business he was "extremely" concerned about the protracted legal battle that has enveloped the South Ocean resort and inhibited its potential $867 million redevelopment, telling Tribune Business yesterday that it further exacerbated the Bahamas' "asset utilisation problem".
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Kickstart May Come For Halted Tourism Projects

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SOME tourism developments that ground to a halt in the wake of the global financial crisis may get a kick-start this year, Prime Minister Hubert Ingraham suggested.

"While foreign direct investment flows into our country have declined, there are new signs that several of the tourism related developments which stalled because of the global recession and international financial crisis are preparing to move forward this year," said the prime minister last night.
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Ginn Labeled 'Puppet' By Investors

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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.
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Air Jamaica Suspend Flights To The Bahamas

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AIR Jamaica is to discontinue flights to the Bahamas, forcing Bahamians to travel through the United States to get to the wider Caribbean.
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Miami Firm Interested In Norman's Cay Resort Project

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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.
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