NEW YORK, April 2016 /PRNewswire/ — Luxury auction firm Concierge Auctions, the leading marketplace for buying and selling the world’s most elite real estate, achieved its highest first quarter revenue in the company’s history. The firm kicked off 2016 with 22 properties auctioned between January and March in six US states (AZ, CA, CT, FL, HI and UT) and 8 countries (Bahamas, French St. Martin, US Virgin Islands, Jamaica, Mexico, Anguilla, Canada and Puerto Rico).

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April 14, 2016 (Public Finance) – The three-day conference is sponsored by the World Bank, the International Federation of Accountants, the Bahamian government and Canada’s chartered accountancy institute and kicked off in Nassau yesterday. It aims to re-energise efforts to improve PFM [public financial management] and public sector transparency and accountability, which are integral to economic growth in the region.

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This is an excerpt from Public Finance International as it appeared on April 14, 2016. For updates or to read the current version of this post in its entirety, please click here.

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The Central Bank of The Bahamas governor John Rolle says that there is still a healthy flow of investment, despite predicted slow economic growth for this year.
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The Caribbean Association of Investment Promotion Agencies (CAIPA) in collaboration with the Caribbean Export Development Agency (Caribbean Export) is set to unveil new investment opportunities in the region at the Caribbean Investment Summit to be held at the Marriot Biscayne Bay, Miami, May 13, 2016.

As the 3rd Caribbean Investment Summit and the first one to be held in North America, this event will present several investment ready opportunities to the attending patrons.

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Baha Mar developer Sarkis Izmirlian has reiterated his desire to see the stalled megaresort on Cable Beach completed and open to the public. His company recently submitted a bid for the property.
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The board of directors of Bank of The Bahamas Ltd has appointed of Renee Davis to the position of acting managing director, effective April 1, 2016. In this position, Davis will be responsible for the overall management of BOB’s operations.

Davis, the former chief operating officer, is a Certified Public Accountant (CPA) with more than 20 years in financial services including international and offshore banking experience.

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Comfort Suites Paradise Island, which is franchised by Choice Hotels International, Inc. (NYSE: CHH) is aiming to build on a record-breaking year in 2015, according to its founder and senior managing partner William Naughton.
 
Speaking at the Caribbean Travel Marketplace on Paradise Island earlier this year, Naughton described last year as “spectacular”.
 
“In fact, 2015 was the best year since I built this Comfort Suites property 24 years ago. For the first time ever, we had eight consecutive months of 90 per cent-plus occupancy. We had the best September and October, which are usually the two softest months of the year, since I built the hotel.”

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A team of tourism officials has returned to The Bahamas following a trip to Los Angeles where officials hosted several promotional events. Watch a ZNS Network news report here.
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NASSAU, Bahamas, April 11, 2016 /PRNewswire/ — BMD Holdings LTD, the developer of Baha Mar, today reported that it has made an offer to China Exim Bank under which Baha Mar would be opened successfully, payment would be made to unsecured creditors, and no discount would be incurred by China Exim on its Baha Mar funding.

Sarkis Izmirlian, Chief Executive of BMD Holdings, stated, “All of us in TheBahamas want Baha Mar to be completed and opened successfully as soon as possible. We want this to be achieved in a manner that is advantageous to Baha Mar’s unsecured creditors and Exim bank and assures that Baha Mar has an owner who is committed to putting back to work the many Bahamians who were laid off as a consequence of the  winding up/liquidation process to which Baha Mar is now being subjected.

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PARADISE ISLAND, Bahamas, April 2016 /PRNewswire/ — Atlantis, Paradise Island resort in The Bahamas is pleased to announce a partnership with Caesars Entertainment Corporation (Nasdaq: CZR). The two hospitality and gaming companies have created an alliance designed to offer Atlantis’ world-class resort experience to members of the gaming industry’s premier loyalty program, Caesars Entertainment’s Total Rewards.

Under this arrangement, Caesars will be the only brand of its kind that offers aLas Vegas style island gaming destination as a benefit of their loyalty program, granting their Total Rewards members’ access to Atlantis, the largest casino resort in the Caribbean.

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