KERZNER International will not consider moving forward with its Paradise Island Phase IV expansion plans until the $2.6 billion Baha Mar project comes to a final conclusion, its managing director revealed to Tribune Business yesterday, fearing that the Bahamian resort market would be "over-saturated" if new room inventory was released at the same time.
George Markantonis said Atlantis does not want to saturate the room inventory of Nassau/Paradise Island with its planned Phase IV development, and will therefore await the finalisation of the $2.6 billion Baha Mar development that promises a further 3,500 rooms.
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