Hotel News

Bahamas Contractors Welcome Baha Mar Project

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The Bahamian Contractors Association has welcomed the news of Baha Mar securing a minority partner, with the group already looking at strategies to work out language barriers with the thousands of Chinese workers approved to work on the project.
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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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