Hotel News

President's Message - 2009: Challenges and Opportunities

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Never before has the adage "when the going gets tough, the tough get going" had more relevance than today. Our industry has faced one of its most challenging years and our very survivability and ultimate return to profitability rests with how well we manage today's crisis while concurrently planning for our future.
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Baha Mar Deal 90% Go Ahead

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Baha Mar's potential agreement with two Chinese state-owned entities for the financing and construction of its $2.6 billion Cable Beach project is "90 per cent likely to go" ahead, Tribune Business was told yesterday, with both sides trying to now tie down "a few commercial issues".
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BHA Honours Farrington As Lifetime Director

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The Bahamas Hotel Association (BHA) has honoured J. Barrie Farrington as a lifetime director of the 57 year-old organisation.
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Balmoral Project To Start Second Phase Within 60 Days

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A $100 million Bahamian real estate project is aiming to break ground on its 20-unit second phase within the "next 45 to 60 days" once the required level of pre-sales has been achieved, telling Tribune Business that interest from foreign buyers appears to have been rekindled.
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Ginn Wins Ownership Battle Critical To Billion-Dollar Project

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Ginn has won a "very critical" legal battle over a challenge to its ownership of 179 acres vital to its $4.9 billion Bahamian resort project, the Court of Appeal finding that a rival claim to the property was "without merit".
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