25m airport hotel awaiting finance close

Wed, Feb 15th 2012, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

THE proposed $25 million hotel and office/conference centre at Lynden Pindling International Airport (LPIA) is awaiting the developer's confirmation that it has obtained the necessary financing before the deal is finally sealed, Tribune Business was told yesterday.

Frank Watson, chairman of the Airport Authority, which oversees the Nassau Airport Development Company's (NAD) activities, confirmed to this newspaper that the project's progression was "in the hands" of the south Florida-based investor group behind it.

Indicating that NAD and the Airport Authority had done everything necessary to facilitate the development to-date, ...

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