Category: BHA News
Steiner-Leisure Completes $100 Million Spa Deal
Nassau-based Steiner Leisure Limited has announced that it has completed the $100 million acquisition of all of the issued and outstanding capital stock of Bliss World Holdings, Inc.
The company announced back in November that it had entered into an agreement with Starwood Hotels & Resorts Worldwide to purchase Bliss, a spa and skin care company with free-standing and hotel spa locations, offering services and products under the “Bliss” and “Remede” brands.
…
Ginn Sur Mer Investors Sue Credit Suisse
NEW YORK CITY-Claiming that the two companies conspired to inflate values with the idea of eventually taking over the properties, investors in four high-end resorts in the US and the Bahamas have filed a class-action suit against Credit Suisse and Cushman & Wakefield, according to published reports. The complaint, filed Sunday in federal court in Boise, ID, seeks up to $24 billion in damages, including $16 billion in punitive damages.
…
Happy 2010
The Bahamas Hotel Association wishes everyone a happy, safe and productive New Year!