{"id":48975,"date":"2016-10-27T19:42:00","date_gmt":"2016-10-27T23:42:00","guid":{"rendered":"http:\/\/demo2016.hispanicprwire.com\/english-opening-baha-mar-another-step-closer\/"},"modified":"2016-10-27T19:42:00","modified_gmt":"2016-10-27T23:42:00","slug":"english-opening-baha-mar-another-step-closer","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/english-opening-baha-mar-another-step-closer\/","title":{"rendered":"Opening Baha Mar:  Another Step Closer"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">NASSAU, Bahamas<\/span>, <span class=\"xn-chron\">Oct. 27, 2016<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Chow Tai Fook Enterprises Limited (CTFE) is pleased to announce that it has entered into negotiations in connection with the ownership of Baha Mar. CTFE, a world-class developer with immense experience in global hospitality and mixed-use development, has applied to the Government of The <span class=\"xn-location\">Bahamas<\/span> for approval as a proposed investor and acquirer of the Baha Mar Resort, by way of acquisition of Perfect Luck Assets Limited (Perfect Luck), the company to which certain assets of the Baha Mar Resort have been transferred.\u00a0 <\/p>\n<p>Not only does CTFE have a vast and diverse portfolio of global business operations, but one of the company&#8217;s subsidiaries, Rosewood Hotel Group, has had a relationship with Baha Mar since 2011. CTFE has significant experience in tourism\/hospitality, in part, through Rosewood Hotel Group, which manages 55 hotels in 18 countries under three different brands. Some of CTFE&#8217;s most iconic owned properties include The Carlyle, A Rosewood Hotel (<span class=\"xn-location\">New York<\/span>); Rosewood London; The Beverly Wilshire, a Four Seasons Hotel (Beverly Hills); and the Grand Hyatt (<span class=\"xn-location\">Hong Kong<\/span>). Rosewood Hotel Group also operates three resorts in the <span class=\"xn-location\">Caribbean<\/span>: <span class=\"xn-location\">Jumby Bay<\/span>, A Rosewood Resort in <span class=\"xn-location\">Antigua<\/span>, Rosewood Tucker&#8217;s Point in <span class=\"xn-location\">Bermuda<\/span>, and Rosewood Little Dix Bay in the <span class=\"xn-location\">British Virgin Islands<\/span> (re-opening 2017).\u00a0\u00a0\u00a0 <\/p>\n<p>CTFE also has extensive experience with large-scale integrated developments. For example, one of the largest investments in <span class=\"xn-location\">London&#8217;s<\/span> history, the over <span class=\"xn-money\">US$10 Billion<\/span> Greenwich Peninsula development project, as well as the Queen&#8217;s Wharf Brisbane, a <span class=\"xn-money\">US$2.3 Billion<\/span> integrated resort development project in <span class=\"xn-location\">Australia<\/span>, are both CTFE and affiliated company projects. <\/p>\n<p>&#8220;CTFE is looking forward to having Baha Mar join its portfolio of world-class integrated resort development projects,&#8221; said Dr. <span class=\"xn-person\">Henry Cheng<\/span>, Chairman of CTFE. &#8220;We are fully committed to this project and plan to hire as many Bahamians as possible to work at the property.&#8221; <\/p>\n<p>CTFE is dedicated to the successful opening of Baha Mar and will work with the Government to achieve the goal of a phased opening.\u00a0 As part of the company&#8217;s commitment to the project and The <span class=\"xn-location\">Bahamas<\/span> in the immediate term, CTFE will invest millions ahead of the official deal completion through pre-opening activities and employment \u2013 which has already commenced and will be expanded in the coming weeks and months. <\/p>\n<p><span class=\"xn-person\">Graeme Davis<\/span>, the President of CTFE&#8217;s <span class=\"xn-location\">Bahamas<\/span> subsidiary added, &#8220;CTFE is a company that embraces and champions the culture and values of the communities where it does business around the globe.\u00a0 We are excited to create an experience in The <span class=\"xn-location\">Bahamas<\/span> that showcases what we collectively have to offer the world. We are confident that Baha Mar will be a property that Bahamians can be proud of.&#8221;<\/p>\n<p>As part of the remobilization efforts, CTFE is already in discussions with hotel brands previously involved in the Baha Mar project, including Hyatt and SLS Hotels. CTFE also intends to re-engage its subsidiary, Rosewood Hotel Group, as a luxury hotel operator at Baha Mar. <\/p>\n<p>Given the non-disclosure agreement in place, the stakeholders involved are unable to discuss specific terms of the transaction or the negotiations at this time. However, we look forward to keeping the public informed on pre-opening activities.<\/p>\n<p><b><u>About Chow Tai Fook Enterprises Limited<br \/><\/u><\/b>Chow Tai Fook Enterprises Limited (CTFE) is a leading <span class=\"xn-location\">Hong Kong<\/span>-based conglomerate owned and controlled by the Cheng Family with a diversified business portfolio spanning across the globe.\u00a0 Principal activities of CTFE and the Cheng family include property holding and development, hotel investment and management, jewelry retailing, department stores, transportation and infrastructure investment.\u00a0 Major listed companies controlled by CTFE and the Cheng Family include New World Development Company Limited (HKEx Code: 17), a property developer with a market capitalization of over <span class=\"xn-money\">US$11 billion<\/span>, NWS Holdings Ltd (HKEx Code: 659), an infrastructure and transportation company with a market capitalization of over <span class=\"xn-money\">US$6 billion<\/span>, and Chow Tai Fook Jewellery Group Limited (HKEx Code: 1929), one of the largest jewelry retailers in the world with a market capitalization of over <span class=\"xn-money\">US$7 billion<\/span>.<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">NASSAU, Bahamas<\/span>, <span class=\"xn-chron\">Oct. 27, 2016<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Chow Tai Fook Enterprises Limited (CTFE) is pleased to announce that it has entered into negotiations in connection with the ownership of Baha Mar. CTFE, a world-class developer with immense experience in global hospitality and mixed-use development, has applied to the Government of The <span class=\"xn-location\">Bahamas<\/span> for approval as a proposed investor and acquirer of the Baha Mar Resort, by way of acquisition of Perfect Luck&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-48975","post","type-post","status-publish","format-standard","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/48975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=48975"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/48975\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=48975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=48975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=48975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}