Bahamas: Condo Owners Fearing 1,500 Room Night Loss

/ Owner - December 10, 2018

The Old Bahama Bay resort faces “irreparable harm” through having to place 1,500 room night reservations “on hold” due to uncertainties over its imminent sale, its condo owners are alleging.  John MacDonald, president of Island Ventures Resort and Club (IVRC), the entity formed by the 73 condo owners to keep the Grand Bahama resort open following Ginn’s 2011 default, alleged that its 2019 business has been endangered by lack of clarity over its fate under a new buyer.   Read the article………………

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