The Bahamas Investor

...y the government to sweeten the pot on hotel packages. “We’ve been able to combine the fourth night free programme that we offer with the air credit programme and we’ve seen very strong bookings,”?said Markantonis. The resort’s programme was due to end this week, but will be extended for another two weeks due to high demand. So far, November is about 10-12 percentage points higher than last year due to special events and prestigious conferences he......

...0 individuals will begin their training before the end of this month. Upon completion, trainees are expected to become permanent staff of the PHA. “This facility will also provide opportunities for a range of entrepreneurs and service providers beyond those mentioned,”?said the Prime Minister. “I ask that all participants bring their best game to the team. The magnitude of the project will demand close coordination and timeliness of efforts to min......

...International at a press briefing on Monday. “We need to get more airlines coming here, so that the guests who want to come to BahaMar and Atlantis can get here. Otherwise, we will have some issues.” The Atlantis Paradise Island ocean-themed destination resort has 2,317 rooms, a water park, luxury accommodation, a casino, night clubs and tens of restaurants. Since it opened in 1998, it has remained the largest hotel complex in The Bahamas. However......

...revenue collection. Moreover, the Americans have worked with the Caribbean Community (CARICOM) to establish an Advance Passenger Information System (APIS) center in Barbados to identify individuals connected to criminal or terrorist organizations. “This has become a model for regional corporation on aviation security and we hope to build on this work by expanding the CARICOM APIS programme to additional Caribbean nations,”?said Napolitano. With mo......

...website that has ever been made for the Caribbean.” “The CTO and CHA have come together and said: ‘we’re going to own the Caribbean brand and then we’re going to shape it and drive it to the benefit of the people of the Caribbean,’” said Vanderpool Wallace, who is a former CTO secretary-general. “The image of the Caribbean transcends the image of any individual country. So, to begin to take advantage of that and use it in a very practical sense i......

...iceroy Hotel Group, echoed Bassel’s remarks. Viceroy is a hotel management company composed of three distinct international collections–Viceroy, the Tides and Urban Retreats–in some of the world’s most sought after destinations. “It’s becoming easier now to sell more, because the [glut in] supply is gone,”?he said. Both men were panelists of the HVC Caribbean Hotel Investment Conference and Operations Summit (CHICOS). The two-day conference began......

...the way for a project that will profoundly impact many, many lives in our community and elevate the bar for tourism in the Caribbean and in this hemisphere.” It took 600 workers nine months to complete the realigned portion of West Bay Street, which includes five round-a-bouts, a well lit footpath and lakefront boardwalks. “The finished product conveys, I believe, a sense of place, because of the incorporation of indigenous resources, such as con......

...ced from desalination plants has not always been as affordable as it has become with the advance of technology.” In recent times the government has installed desalination plants on Exuma, Long Island, Bimini, San Salvador, Inagua, Ragged Island and in New Providence. Plants were also erected in Moore’s Island and Grand Cay Abaco. “As in New Providence, my government is committed to improving public infrastructure and improving the quality of publi......

...first five days we have had so much volume at lunch that we have been obliged to open the interior as well,” says Markantonis. “It is good news for the employees who work there because that means there is more revenue coming into the restaurant. There is more gratuity going to them.” Atlantis has in excess of 30 food and beverage outlets–a mix of in and outdoor, fine and casual dining, cafes and food stalls. tblair@dupuch.com......

...Island Promotion Board and the Ministry of Tourism.” “Our efforts have borne fruit,” she said. “This flight is our second example of that, the first being Copa [Airlines], which we welcomed on June 15.” When the Lynden Pindling International Airport’s redevelopment project is completed in 2013, it will be able to accommodate up to five million passengers a year. Presently, it handles around 3.3 million. “It is clear that we are building for the fu......

...ember. “Although a significant portion of development within this industry comes from education and experience, a large part also comes from the cross-cultural, inter-relationships one builds along the way,” says Jones. “It is important to provide Bahamian private banking professionals with an international training opportunity.” In Zurich, Jones is working with a team of relationship managers and partaking in the day-to-day business of portfolio......

...he Prime Minister said that Brookfield Asset Management, a publicly traded company with some $159 billion in assets, has many years of operating experience and more than $69 billion of property assets, which gives them “special expertise” in real estate. The Atlantis Resort property, however, will continue to be managed and operated by Kerzner International. Earlier this month president and managing director of Kerzner International Bahamas George......

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...nly Ocean Club, to Brookfield Asset Management, a publicly traded Canadian company with some $159 billion in assets. “I note that Kerzner’s transfer of its Bahamian assets to Brookfield will result in the conversion of that company’s $175-million loan to Kerzner International into equity,” Ingraham told his parliamentary colleagues in a televised parliamentary meeting held shortly after 3pm today. “Brookfield will now stand in Kerzner’s shoes in r......

...e been actively engaged in discussions with its lenders to restructure the company’s debt in order to position the company for long-term growth as a global management company of first class destination and luxury resorts around the world,” Sir Sol said in a statement released this afternoon. “Today we have reached an agreement in principle that goes a long way towards accomplishing this goal. “Brookfield is a highly sophisticated investor in real......