Search results for : Timeshares
GBITB appoints new executive vice president
January 07, 2015
GBITB appoints new executive vice president
Hotelier Rembert Albury has been named the new Executive vice president of the Grand Bahama Island Tourism Board (GBITB), after five years as a consultant and with a reputation for "unparalleled fiscal responsibility".
Albury is credited with helping to ensure the success of a joint airlift program with the Ministry of Tourism.
The announcement was made by GBITB Chairman Russell Miller.
"Albury b...
November 19, 2010
Rt. Hon. Hubert A. Ingraham Resolution on Baha Mar Project
I have been disappointed but not surprised by the failure of Members Opposite to recognize that my Government has made considerable and measurable progress in making lemonade from the lemons which they left on the table when they were put out of office in 2007.
August 20, 2014
Americans killed in plane crash were investors in Freeport
THE four Americans killed in a plane crash in Grand Bahama are all senior timeshare executives of Aqua Sun Investments Inc, a Florida timeshare corporation with major investment ties in Freeport...
Vacation company to hire 40, invest 1.5m
January 09, 2014
Vacation company to hire 40, invest 1.5m
An expected $1.5 million up-front investment and the hiring of 40 staff "off the bat" are anticipated by a company which plans to launch its vacation club/travel sales operation on Bay Street in the next one to two months.
Kevin Christie, president of Sweet Journeys, and brother of Prime Minister Perry Christie, told Guardian Business that with Cabinet approval for the project to move ahead, the r...
VAT bill revealed
November 12, 2013
VAT bill revealed
The legislation and regulations the government drafted to guide its value-added tax (VAT) regime when it takes effect next July would tax over 80 different professions, cable bills and phone bills for all consumers, and electricity and water bills for businesses.
The Value Added Tax Bill 2013, and the Value Added Tax Regulations 2013, obtained by The Nassau Guardian, propose a flat tax rate of 15 ...
Blue Water Resort plans expansion
October 29, 2013
Blue Water Resort plans expansion
MIAMI, Florida -- Timeshare units in the Blue Water Resort at Cable Beach are expected to be sold out by early 2014 and plans to expand the project are underway.
However, a resort executive is calling on the government to update laws relating to timeshare properties if it hopes to attract more investments of this sort, noting that industry stakeholders are aiming to provide recommendations to the ...
Old land laws 'impact' economic growth
January 08, 2013
Old land laws 'impact' economic growth
A leading attorney says that laws governing the transfer of real property are outdated and failure to update the legislation negatively impacts economic growth. Sharlyn Smith, an attorney at Sharon Wilson and Co., insisted that the lack of "comprehensive changes" to the process of transferring real property tax hinders an individual's ability to diversify their property, which isn't favorable fro...
Royal Oasis in Talks for Redevelopment
January 08, 2013
Royal Oasis in Talks for Redevelopment
The Royal Oasis Resort in Grand Bahama is in discussions for redevelopment, with no plans to sell the 965-room property in the foreseeable future. According to top sources, Harcourt Development Group, based in Ireland, has been approached by a "number of people" to join in this redevelopment.
CIBC FirstCaribbean 'Very Active' In Lending
November 13, 2012
CIBC FirstCaribbean 'Very Active' In Lending
One of the country's leading banking institutions says it will continue to be very active in its lending for hospitality and real estate projects.
Govt to bolster laws on foreign ownership
November 12, 2012
Govt to bolster laws on foreign ownership
The government is reviewing new legislation to boost timeshare and other offerings in an effort to strengthen and diversify the country's tourism product.
According to Khaalis Rolle, the minister of state for investments, amendments to the proposed timeshare legislation is part of a comprehensive agenda. He noted to Guardian Business that bringing such an agenda and business plan to Parliament is ...
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