I thought the Four Seasons was NOT up for sale, just the rest of the Emerald Bay holdings in Exuma because of the defaulted loan.

Heehe! Wonder who the talking heads gone blame this on?

Interest Peaks In Four Seasons Property
By Tameka Lundy


Significant interest still marks the level of attention by potential buyers of the Four Seasons Emerald Bay Resort in Exuma, Wayne Aranha one of the receivers appointed at PricewaterhouseCoopers told the Bahama Journal.


The fate of the upscale property, that is a central element of larger development plans is a prime concern as the property has been credited with helping to spark an economic revitalization in Exuma.
Mr. Aranha declined to comment further on the situation as the process is still underway to settle on a new owner. The situation developed months after developers EBR Holdings Limited defaulted on their loan, leaving the property to end up in receivership.

From a tourism standpoint Deputy Director General David Johnson told the Journal this week that the primary concern is ensuring that the resort continues to operate regardless of who owns it....


http://www.jonesbahamas.com/?c=47&a=13602

Heehe! Wonder who the talking heads gone blame this on?

Probably bite by the private equity woes in the US. Lots of loan defaults all over.

bump??

I visited 4 seasons in Exuma. man the place is too large to keep all those rooms occupied. I hardly saw any guests. smaller more intimate places are what rich tourist want for a Family Island get-a-way.

EBR holdings controls the property... but i've been warning people for years that the 4seasons did not want to renew their lease on the hotel grounds.


once again.. i hate to say i told you so...










but..




i told you so.

From reading this EBH is the one pulling out because they defaulted on the loan.

It does not seem that the Four Seasons want out on the lease, but just want to know WHO they are renting the resort from. I dunno.


I've found the EBH website, but I cannot find any info on the company handling the sale of the resort or any info (aside from Bahamian sources) or the receivership? Who is handling the bids?

PWC doesn't have a Bahamian website?

So what is the new news???

So what is the new news???

hurricane comin .. :sailing:

hurricane comin .. :sailing:



Fa real?

Fa real?

yup, Dean.
http://www.nhc.noaa.gov/graphics_at4.shtml?5day?large#contents
http://www.nhc.noaa.gov/gtwo/gtwo_atl_sub.shtml?area1#contents
http://www.nhc.noaa.gov/gtwo_atl.shtml
http://www.weather.com/multimedia/videoplayer.html?clip=6584&collection=topstory&from=hurricane_welcome

any news on the sale?

any news on the sale?

thought you bought it by now, as the main branch for the tuck shop conglomerate. :)