A major new project in the Exuma chain of the Bahamas is moving forward.

The $200 million Children’s Cay project is the brainchild of Dona Bertarelli, of one of the world’s wealthiest families, and is the result of a heads of agreement signed earlier this year.

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This is an excerpt from Caribbean Journal as it appeared on April 21, 2016. For updates or to read the current version of this post in its entirety, please click here.

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Pictured: Mario Carey (left) chats with Minister for Investments Khaalis Rolle during the launch of Better Homes and Gardens MCR Bahamas Group at Summer Palace April 11. (Photos courtesy MCR)

MCR Realty has become part of Better Homes and Gardens Real Estate – a US real estate agent with around 20 per cent of the North American market.

The deal was announced at a luncheon in Nassau April 11.

“Change takes courage,” said Sherry Chris, CEO of Better Homes and Gardens. “Better Homes and Gardens has been around for nearly 100 years and is a trusted brand. Transitioning from being a staple in the home to handling homes through real estate was a natural expansion of a trusted brand and we like to think of ourselves as the Apple of the real estate market. We are very excited about this partnership with Mario Carey and MCR and pleased to be in a country as beautiful as The Bahamas where it is all about the lifestyle.”

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Credit rating agency Standard & Poor’s has indicated that it will maintain The Bahamas rating, despite economic challenges.
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Bahamas tourism officials have been reconnecting with the California market through promotional activities in Burbank and Anaheim.
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NASSAU, Bahamas, April 15, 2016 /PRNewswire/ — BMD Holdings, LTD, the developer of Baha Mar, today sent the following letter to the China EXIM Bank appointed receivers of Baha Mar regarding the Baha Mar sales process.

The full text of the letter follows:

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Caribbean Travel Marketplace, the region’s largest marketing forum, will return to The Bahamas for the second consecutive year when the Caribbean Hotel and Tourism Association (CHTA) stages the event from Jan. 31 – Feb. 2, 2017 at Atlantis, Paradise Island.

In addition to CHTA, Caribbean Travel Marketplace 2017 will be organized with the support of The Bahamas Ministry of Tourism, Nassau/Paradise Island Promotion Board (NPIPB), Paradise Island Tourism Development Association (PITDA) and The Bahamas Hotel & Tourism Association (BHTA).

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This is an excerpt from Hotel News Resource as it appeared on April 18, 2016. For updates or to read the current version of this post in its entirety, please click here.

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The 2016 Battle 4 Atlantis celebrates the sixth year of the elite collegiate basketball tournament, once again bringing eight US top teams to The Bahamas’ Atlantis Resort on Paradise Island.

The tournament field this year consists: Michigan State University, University of Louisville, Wichita State University, Baylor University, Louisiana State University, Virginia Commonwealth University, St John’s University, and Old Dominion University.

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Momentum and excitement builds as the historic Grand Bahama Air Show nears.  The Air Show featuring aerobatic, low-lying maneuvers is scheduled to take place, April 15-16, 2016 on Taino Beach on Grand Bahama Island.

The Bahamas Ministry of Tourism in conjunction with its partnership with Sun n Fun, organizers of the second largest aviation show in the world, are organizing the Grand Bahama Air Show.

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The Bahamas’ financial services sector continues to comply with foreign regulators and adhere to global standards, according to The Central Bank of The Bahamas governor John Rolle.
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Construction on the multi-million dollar lifestyle and residential project in the heart of downtown Nassau, The Pointe, is progressing well according to its Chinese developers.
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