Category: BHA News

After receiving no news from Harcourt Development for some time, the Grand Bahamas government has finally found the officials of the company. Minister of Finance Zhirvago Laing with Royal Oasis Hotel owner the Harcourt Group are in talks with parties over interests in a piece of dormant property that has been inactive since September of 2004.

…Continue readingGovernment Negotiating To Revive Grand Bahama Resort

Kerzner International Resorts Inc., owner of several high-end vacation spots, including the sprawling Atlantis resort in the Bahamas, has tapped a cadre of restructuring advisers to help rework nearly $3…Continue readingDebt Due-Date Looms for Kerzner

Baha Mar yesterday finalized its financing agreement with the Chinese Export-Import Bank, clearing the way for the immediate launch of the $2.6 billion project.
…Continue readingBaha Mar Finalizes Financing With Chinese Bank

Increased competition and demand for ‘value deals’ has prevented major Bahamian hotels from increasing their average daily room rate (ADR) to pre-recession levels, the Bahamas Hotel Association (BHA) president yesterday saying they were down on average by $15-$16, as he warned: “There’s no silver bullet.”
…Continue readingNo Silver Bullet For Hotel Sector Recovery

A new “layman’s” manual on the implications of the Economic Partnership Agreement (EPA) for the Caribbean tourism industry has suggested the trade deal “will not have the beneficial effect which was hoped for” in the area of import duty reductions, as 75 per cent of all goods commonly imported by the industry will see no tariff reductions.
…Continue readingBHA Committed To Benefitting From EPA Opportunities

Atlantis has taken notice of Jamaica’s plans to become a major player in casino gaming.

President and Managing Director of Kerzner International Bahamas George Markantonis said Jamaica’s increased activi ty in the gaming realm is something to keep an eye on, given that the jurisdiction is planning to introduce three new casinos as early as 2012.
…Continue readingAtlantis Watchful Of Jamaica Casino Activity

14th Cacique Awards Friday, January 28, 2011 At 8:00pmRainforest Theatre, Wyndham Nassau Resort Tickets on sale now: $50Contact: Bonnie Rolle 356-6941 

Time Management for the Globally Minded ProfessionalThursday, January 20, 2011 from 9:00am to 4:00pm at the British Colonial HiltonRegistration deadline extendedRegistration: $175BHA Members Discount: $150 As a signature event, “Time…Continue readingGot Time?