Nassau, The Bahamas (March 30, 2009): Baha Mar Resorts, Ltd. signs agreements with Export-Import Bank of China and China State Construction and Engineering Corporation to build multi-billion dollar Baha Mar Resort on Nassauâ??s famed Cable Beach. With financing for hotel and resort developments of any notable size, scale and scope a rare occurrence, particularly in todayâ??s economic environment, Baha Mar Resorts, Ltd. has signed historic agreements with Chinese banking and construction partners to finance the multi-billion dollar Baha Mar resort in Nassau, The Bahamas. The formal Facility agreement signed by all parties includes financing provisions of $2.5 billion; while an investor agreement was also signed between Baha Mar and China State Construction, which will assume a minority equity interest. Signatories taking part in the private signing event held in Miami were as follows (l. to r.): Export-Import Bank of China Vice President, Mr. Li Jun; Baha Mar Resortsâ?? Chairman and CEO, Mr. Sarkis Izmirlian; and China State Construction and Engineering Corporationâ??s Vice President, Mr. Liu Jinzhang. The 1,000-acre Baha Mar resort represents the largest single-phase hospitality investment in the Caribbean and a one-of-a-kind destination resort experience in its operation, prestigious collection of hospitality brands, top-shelf services and amenities, and true-to-The Bahamas setting and design. Baha Mar Resorts Ltd. is headquartered in Nassau. For more information visit www.bahamar.com.
Home Baha Mar sign deal in Miami..GEEEE They gat the people Land! Baha Mar China Deal