Published on : Friday, December 29, 2017
Baha Mar Resort in Nassau, Bahamas is plagued by the legal issues, but the hotel is open.
The former owner, BML Properties Ltd., is suing the Chinese contractor behind the luxury hotel mega-resort development in Nassau, the Bahamas, for “massive fraud” to the tune of $2.25 million.
Baha Mar Resort opened in April of this year, but only after a number of setbacks postponed its planned debut, which had been set for late 2014.
Baha Mar Resort is languished in bankruptcy then endured a drawn-out battle over ownership before being sold to Chow Tai Fook Enterprises, the current owner and operator of the mega-resort.
The most recent lawsuit against Baha Mar Resort was filed in New York state court in Manhattan on Tuesday by BML Properties Ltd., owned by Sarkis Izmirlian, the original owner of the Baha Mar resort.
The 259-page complaint alleges that the contractor, China Construction America (CCA), engaged in a self-enrichment scheme that ultimately sank the $3.5 billion mega-resort project, which wound up in bankruptcy in 2015.
The court filing is only the latest in a series of lawsuits filed by BML and Izmirlian.
Izmirlian fought to regain ownership of the resort after Baha Mar ended up in bankruptcy. Ultimately, he was unsuccessful and the property was transferred to Chow Tai Fook Enterprises.
The official opening of Baha Mar Resort took place in June of this year and the mega-resort is now home to a Grand Hyatt hotel, the 200,000-square-foot Baha Mar Casino, the Baha Mar Arts & Convention Center, the Royal Blue Golf Club and the SLS Baha Mar.
The mega-resort will welcome its third hotel, the Rosewood Baha Mar Resort, in 2018.