By Alexander Britell and Guy Britton
The sale of the Baha Mar last year was named the Transaction of the Year 2017 at the recent CHRIS Caribbean hotel investment summit in Miami.
The transaction involved the 1,000-acre Baha Mar on Cable Beach in Nassau, which was sold by Perfect Luck Assets Limited to Chow Tai Fook Enterprises for an undisclosed price last year.
Chow Tai Fook is perhaps best known as the parent company of Rosewood, which just opened its hotel at the Baha Mar this week.
Finalists in the Transaction of the Year 2017 category also included the San Juan Marriott Resort & Stellaris Casino in San Juan, Puerto Rico and The Ritz-Carlton Grand Cayman Resort in Grand Cayman, Cayman Islands, according to CHRIS.
“Baha Mar officially opened for business in April 2017 and is quickly ramping up and receiving acclaim for excellence in hospitality,” CHRIS said in a statement.