Last Friday’s official opening of the Baha Mar megaresort on Cable Beach was attended by government officials, business leaders and local and international media.
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Here follows remarks by Perry Christie, Prime Minister and Minister of Finance, at the first phase opening of Baha Mar 21 April 2017:

Salutations…. Ladies and gentlemen,

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The recently opened megaresort on Cable Beach already employs 1,600 associates and is looking to increase that to 6,000 as more facilities come on stream. Baha Mar president Graeme Davis estimates the resort will contribute 12 per cent of the nation’s GDP.
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Acknowledging that it has been “a long journey”, Baha Mar president Graeme Davis officially opened the $3.5bn megaresort this morning and said several hundred rooms are already filled, with more to come thanks to “tremendous pent-up demand”.

The first phase of the development’s staggered opening saw the 1,800-room Grand Hyatt open its doors to the public, as well as the 100,000 sq ft casino, 30,000 ft luxury spa and restaurant and retail offerings.

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Six years after its groundbreaking, the $3.5bn megaresort Baha Mar emerged from receivership to open today and usher in “a new era in hospitality” for this small island nation.

It was a proud and exciting moment for the 1,000-acre megaresort, which officially broke ground on February 11, 2011, under developer Sarkis Izmirlian, the son of billionaire Dikran Izmirlian.

Touted as an economic driver for The Bahamas, the road to completion was filled with numerous ups, downs, and detours. Among them were three missed opening dates (one in 2014 and two in 2015), a Chapter 11 bankruptcy filing in the US, liquidation, massive lay-offs and a change in ownership.

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SAN JUAN (April 19, 2017) – Puerto Rico will host the 2018 edition of Caribbean Travel Marketplace, the Caribbean’s largest marketing event, at the Puerto Rico Convention Centre January 30 – February 1, 2018.

Produced by the Caribbean Hotel and Tourism Association (CHTA), in collaboration with the Puerto Rico Convention Centre District Authority, the Puerto Rico Tourism Company (PRTC), and the Puerto Rico Hotel and Tourism Association, next year’s event will feature two days of business meetings that match hotels and destinations with online travel agents, tour operators and event planners through a busy programme of thousands of pre-scheduled appointments.

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Get to know this chic and low-key island in the Out Islands of The Bahamas, and one of the 20 Best Places to Live 2017. Get the inside scoop on Harbour Island, including where to eat, drink, play, and stay.

[ Click here to see Coastal Living Magazine’s “20 Best Places to Live 2017” complete list. ]

Have you died and gone to heaven? You may think this every time you wake up in Briland (as it’s known to residents), this tiny, sophisticated, but decidedly laid-back jewel tucked into the crook of Eleuthera in the Out Islands of The Bahamas.

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This is an excerpt from Coastal Living as it appeared on April 20, 2017. For updates or to read the current version of this post in its entirety, please click here.

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The government and The Central Bank of The Bahamas have issued more information about the requirements for Bahamian businesses to access foreign currency financing following the exchange control liberalization that will come into force April 24.
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LINK-Caribbean will host the region’s first Caribbean Angel Investor Forum in Montego Bay, Jamaica May 11-12, 2017.

Under the theme “Growing Angel Investing in the Caribbean” the Caribbean Angel Investor Forum, an invitation-only event, will attract high-net-worth individuals from across the region and internationally.

The forum is among several activities of the $1.6 million LINK-Caribbean programme, aimed at promoting the development of an organized angel investment ecosystem within the Caribbean.

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The operator of Baha Mar on Cable Beach is preparing for the megaresort’s soft opening at the end of this week. Watch a mid-production (missing some audio) promotional video of the preparations here.
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