PLANS for the sale of two Nassau hotels have fallen through due to "financing issues", a source close to the situation confirmed to Tribune Business yesterday.

Canadian investors Rick Benisasia and Prabhjot "Jyoti" Johal had been seeking to acquire the all-inclusive, 246-room Paradise Island Harbour Resort, and the 183-room Nassau Palm Resort, on West Bay Street. Mr Benisasia, a Guyanese immigrant to Canada, and Ms Johal, who are in the funeral services business, are the beneficial owners of Benisasia Investments and Properties, the company that was seeking to purchase the two Bahamian resorts.

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