Articles tagged “baha mar”

The Bahamas Has Too Many Cruise Ships and Not Enough Hotel High Rollers

The Bahamas Has Too Many Cruise Ships and Not Enough Hotel High Rollers

Dan Peltier, Skift

Many cruise passengers sail because it's a more economical way to visit a destination. Caribbean countries like the Bahamas have known this for years and are getting more ambitious about trying to attract more flights — a perennial problem — and hoteliers that can help do a better job at growing their economies in the long term.

5 months ago

Baha Mar Developer Sues Chinese Contractor for Massive Fraud

Baha Mar Developer Sues Chinese Contractor for Massive Fraud

Bob Van Voris, Bloomberg

The Baha Mar project in the Bahamas has had its years of woes. Now that it's finally been open for about eight months, BML properties is trying to recoup some of its losses.

6 months ago

Long-Delayed Baha Mar Resort Is Finally Open, But Atlantis Isn’t Worried

Long-Delayed Baha Mar Resort Is Finally Open, But Atlantis Isn’t Worried

Deanna Ting, Skift

Well, that only took a few years. It'll be interesting to see how tourism to the Bahamas changes now that the long-beleaguered mega resort has finally opened.

1 year ago

Baha Mar Should Open by the End of This Year, Says Bahamas Prime Minister

Baha Mar Should Open by the End of This Year, Says Bahamas Prime Minister

Associated Press

Even if Baha Mar is completed, it's doubtful it'll be able meet the lofty goals set forth by its developers any time soon. If anything, Baha Mar will live on as a metaphor for misguided mega-development.

2 years ago

Pointing Fingers in the $3.5 Billion Failure of Baha Mar Resort

Pointing Fingers in the $3.5 Billion Failure of Baha Mar Resort

John Lippert and Dawn McCarty, Bloomberg

Baha Mar is an example of what not to do in tourism development: One big, expensive project that will deliver lofty returns.

2 years ago

Baha Mar’s Founder Offers Additional Investment to Stave Off Liquidation

Baha Mar’s Founder Offers Additional Investment to Stave Off Liquidation

John Lippert and Dawn McCarty, Bloomberg

The rise and fall of the Baha Mar development is a cautionary tale in progress.

3 years ago

Bahamas Rules That Baha Mar’s U.S. Bankruptcy Doesn’t Matter

Bahamas Rules That Baha Mar’s U.S. Bankruptcy Doesn’t Matter

David McFadden, Associated Press

We like seeing the Bahamas stand up for itself here, even if we have doubts about it's motives.

3 years ago

Baha Mar Bankruptcy Mess Deepens as Bahamas Officials Try to Bring Case Home

Baha Mar Bankruptcy Mess Deepens as Bahamas Officials Try to Bring Case Home

Dawn McCarty, Bloomberg

The Bahamas government doesn't want to punish Baha Mar, but they do want to make sure that assets don't slip through their fingers the same way opening dates have.

3 years ago

Baha Mar’s Bankruptcy Is Already an Issue in the Bahamas

Baha Mar’s Bankruptcy Is Already an Issue in the Bahamas

David McFadden, Associated Press

It was just like Paradise Island without the long-term studies.

3 years ago