Saturday, January 1, 2011

Kerzner upset with Baha Mar hotel deal

Kerzner International executives and the Prime Minister are remaining tightlipped for the time being on the outcome of a meeting recently held between Atlantis owner, Sir Sol Kerzner, and Mr Ingraham in which the hotelier's concerns about the $2.6 billion Baha Mar development were discussed.
 
Confirming that a "closed door" meeting did take place recently between Mr Ingraham and Sir Sol, senior vice-president of public affairs for Kerzner International (Bahamas), Ed Fields, said the company had no comment it could offer on the outcome at this time.

Meanwhile, pressed about the result of the Sir Sol meeting and the Government's response to his concerns over the Baha Mar project - including the alleged breach of contract perpetrated by the Government through giving the Baha Mar developer a "more favourable" agreement than Kerzner International got when building Atlantis - the Prime Minister told this newspaper on Wednesday: "Stay tuned!".

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