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Resorts World Bimini Bahamas, the multi-million dollar, luxury gaming facility set to open in North Bimini in the first quarter of 2013 recently unveiled stunning renderings showcasing the highly anticipated venue. The casino is
being launched by a partnership between RAV Bahamas LTD....
Following a report in the media today quoting the Prime Minister
regarding developments at Sandals Emerald Bay, Sandals Resorts International takes this opportunity to clear the air on the matter, in order to avoid any misunderstanding.
Cat Island and Harbour Island - Despite initial reports of devastated resort properties, several resorts in Cat Island and Harbour Island described damage from Hurricane Irene as "cosmetic" and predicted being ready to open as early as the first week of September.
A Brazilian woman and an American man were charged in a magistrates court yesterday with scamming three major Bahamian resorts and four stores of nearly $100,000 during their month-long vacation in The Bahamas.
Bahamas, (Feb. 21, 2011)--Baha Mar, the largest single-phase resort development
in the history of the Caribbean, celebrated the commencement of construction
with its official groundbreaking ceremony on Feb. 21, 2011. The 1,000-acre,
$3.4 billion resort, gaming and entertainment complex, slated to open
in late 2014, will include some of the world's most famous hotel brands,
and is expected to set a new standard of luxury for the hospitality
the large audience, Baha Mar's Chairman and CEO, Mr. Sarkis Izmirlian,
said, "Baha Mar, born from a singular vision, is surprisingly breathtaking
in its magnitude. The vision of Baha Mar started more than 5 years ago
with a plan to deliver an authentic Caribbean experience which combined
the essence and spirit of The Bahamas with the distinction of luxury
ABACO, Bahamas - A team of tourism officials toured areas of Abaco on August
30, finding that Hurricane Irene affected resorts to varying degrees
but being assured by all property owners that they would quickly recover
from flood and wind damage.
general manager of the luxurious Abaco Club Ritz-Carlton in Cherokee
Sound, said his crews were hard at work putting the property back in
"We are left
with clean up," he said. "During the hurricane, we got a lot of
debris damage from landscaping, from some structural damage to some
of our homes, to some of our common areas, to some of our buildings,
from significant beach erosion down to our beach. So we have a lot of
clean up to do."
HUNDREDS of travel agents will descend on Sandals Royal Bahamian and Sandals Emerald Bay in the coming week, as the resorts continue their travel agent familiarisation season (Mega-Fam). By the end of December each resort would have hosted about 1,200 travel agents.
The season kicked off last week with a group of 196 agents from Philadelphia and Orlando. They were taken by private charter to Sandals Emerald Bay, followed by a stopover at Beaches Turks and Caicos, and capped off their trip at Sandals Royal Bahamian.
During the two-night/three -day trips, agents will attend a training workshop to obtain a Certified Sandals Specialist (CSS) certification, have the opportunity to tour the select reso ...
The Abacos, The Bahamas -
Guy Harvey Outpost Resorts and the famed Green Turtle Club in the Bahamas
announced today a new alliance between the two, naming the Club the inaugural member
of the new Expedition Properties Portfolio by Guy Harvey Outpost. The alliance
becomes effective immediately.
announcement was Outpost President Mark Ellert and Club owners, Adam Showell
and Ann Showell Mariner of Ocean City Maryland. Guy Harvey Outpost was founded
by Ellert along with Dr. Guy Harvey and his long time associates Charles Forman
and Bill Shedd to promote adventure travel, watersport recreation and
sustainable tourism in unique destinations...
It's undeniable that there is a need for foreign direct investment throughout the country to provide capital injection, development and employment for locals.
A number of examples can be seen throughout the nation, including Atlantis, the container port facility operated by Hutchinson Whampoa, Morton Salt and the SandyPort Development Company.
However, the bone of contention arises with developments that involve hundreds of thousands of acres of prime Bahamian land, but lie dormant for a considerable amount of time, providing neither access to the land nor any of the financial benefits associated with foreign direct investment.
Often developers have grandiose ideas of how projects can be developed, but what about those projects where progress is, to say the least, challenged? For example, six years ago the previous Christie administration signed a heads of agreement between the government and the I-Group, yielding a 50/50 split for a proposed land development on Mayaguana. That meant an initial transfer of 9,999 acres of Crown land to the company.
By all indications, the $1.8 billion investment should have materialized over a 15-year period, during which the developers were expected to spend a minimum of $14 million over a two-year span after the original agreement was signed in 2006.
The subsequent Ingraham administration renegotiated the deal, and now, under the Progressive Liberal Party (PLP), the long-awaited project is undergoing more change.
Six years after the agreement was signed, the land remains mostly undeveloped.
Now is the time for the government to put the necessary framework in place, to say that at least two years after an agreement is signed, ground should be broken and development should move ahead with full steam. Such a framework would, where possible, eliminate delays that result in hundreds of acres of land being tied up in a "wait-and-see" type of investment.
For instance, after a grace period expires, the land should be placed back on the market, forfeited, or bought back by the government at a reasonable price. Now is the time for the government to address this issue.
Additionally, in instances where developments do come online, they need to be sustainable and provide their own electricity and water supply where possible, so that there is not a drain on the local population's resources.
I advocate, in the Family Islands, boutique resorts that fit in with the local landscape instead of mega-resort monstrosities. New Providence is already overly developed, but there is much room for sensitive but successful development on the Family Islands. Investors should be encouraged to consider such opportunities.
Replicas of large-scale developments on New Providence are unnecessary on the Family Islands; instead, why not focus on developments that co-exist with the natural environment, fit in with Family Island culture, and offer a different, diverse atmosphere while providing the benefits of foreign direct investments?
o William Wong is the president of Wong and Associates Realty. He was also a two- term president of the Bahamas Chamber of Commerce and the Bahamas Real Estate Association. Questions or comments can be emailed to William@wongsrealty.com.