Yang Zhang

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Baha Mar Resort Files for Bankruptcy, With Only Itself to Blame

The owners of Baha Mar, a Caribbean resort project valued at more than $3.5 billion, filed for bankruptcy court protection in Delaware, blaming …

Baha Mar Resort Enters Bankruptcy

By<p>Melanie Cohen<p>Melanie Cohen<p>The Wall Street Journal<p>Biography<p>@MelanieLisa<p>melanie.cohen@wsj.com<p>Baha Mar Ltd., the development company behind the massive $3.5 billion resort complex in the Bahamas, filed for bankruptcy protection Monday, blaming a Chinese contractor for repeated construction delays …

Wall Street

China Construction Says Developers Mismanaged Finances, Design Of $3.5 Billion Baha Mar Resort

The Chinese construction firm that is the general contractor for Baha Mar, a $3.5 billion resort development in the Bahamas that has repeatedly delayed its planned opening, fired back at the project’s developer today, accusing it of financial and design mismanagement.<p>Last week Baha Mar filed for …

Bank of China

Mega-Resort Baha Mar Files for Bankruptcy with 97% of Construction Completed

Whispers of the Baha Mar mega-resort in the Bahamas have been making the rounds since the project's first plans in 2009. It's starting to look like …

Wall Street

Chinese firm faults developer over Baha Mar

The Chinese construction company that is the general contractor for the huge Bahamian resort complex Baha Mar said Tuesday that delays in the project …

Baha Mar bankruptcy hits snag in Bahamian Supreme Court - Jacksonville Business Journal

By Jensen Werley <br>– Reporter, Jacksonville Business Journal<p>Jul 6, 2015, 2:50pm EDT<p>Baha Mar Ltd., the company behind the Bahama's mega-resort that …

Paradise Lost: Mounting Problems Stymie Baha Mar

Missed deadlines, bankruptcy delay development of Bahamas resort<p>The opening of Baha Mar, the $3.5 billion resort and casino project in the Bahamas, was supposed to be a showpiece that would help China’s largest construction company win lucrative resort business across the U.S.<p>Instead, a series of …

Bahamas

Cost to complete Baha Mar mega-resort has risen to $400 mln | Reuters

July 27 (Reuters) - The cost of completing the stalled $3.5 billion Baha Mar mega-resort in the Bahamas has risen to $400 million, according to a letter from the project’s developer.<p>Baha Mar Ltd, run by Sarkis Izmirlian, has offered to invest $200 million in the project alongside the resort’s main …

Bahamas

Building The Chinese Century Hits A Wall At Baha Mar

If you’re worried about China taking over the world, Baha Mar may help you breathe a bit easier. The $3.5 billion casino resort in the Bahamas, the largest hospitality project ever in the Caribbean, was supposed to revivify tourism and the national economy and help China extend its economic and …

China

UPDATE 2-Baha Mar mega resort in Bahamas needs $400 mln for completion | Reuters

(Recasts to add details about $400 million financing needed to finish project)<p>By Tim McLaughlin<p>July 27 (Reuters) - A $400 million funding gap has emerged in the effort to finish a $3.5 billion mega-resort project in the Bahamas, according to a letter from the developer viewed by Reuters.<p>Sarkis …

Bahamas

Baha Mar Resort Asks Chinese Lender to Jettison Chinese Contractor

Developer Izmirlian wants China’s Export-Import Bank to cast aside China State Construction Engineering<p>As the clock ticks down on a deal to salvage the $3.5 billion Baha Mar resort in the Bahamas, the project’s developer is lobbying its lender, the government-controlled China’s Export-Import Bank, …

China

China Bank and Contractor Want Baha Mar Bankruptcy Tossed

Export-Import Bank of China makes first official move in resort’s chapter 11 case with motion to dismiss<p>The Export-Import Bank of China is joining China Construction America Inc. in seeking a dismissal of Baha Mar’s chapter 11 of case, showing a unified front against the Bahamas resort’s …

Bank of China

Baha Mar度假村开发商提议中国建筑退出项目

巴哈马群岛Baha Mar度假村项目的开发商眼下正在游说其贷款人中国进出口银行,希望将作为承包商的另一家中国国有企业中国建筑踢出局。<p>随着挽救巴哈马群岛Baha Mar度假村项目的时间一点点过去,这个35亿美元项目的开发商眼下正在游说其贷款人──国有的中国进出口银行(Export-Import Bank of China),希望将作为承包商的另一家中国国有企业中国建筑股份有限公司(China State Construction Engineering Co., 简称:中国建筑)踢出局。<p>在《华尔街日报》见到的一份信件中,度假村开发商伊兹米尔利安(Sarkis Izmirlian)提议中国建筑的子 …

Baha Mar Developer Izmirlian Wants Lender to Get Rid of Contractor

By<p>Melanie Cohen<p>Melanie Cohen<p>The Wall Street Journal<p>Biography<p>@MelanieLisa<p>melanie.cohen@wsj.com<p>Bahamas resort Baha Mar’s developer Sarkis Izmirlian wants its lender to get rid of its contractor. Read the Daily Bankruptcy Review article via The Wall Street Journal.<p><i>(Daily Bankruptcy Review is a daily</i> …

Wall Street

Why Blue and White Will Never Go Out of Style

A fresh take on a classic color combo.<p>With a rich range of hues, this classic combination looks fresher than ever. In this Greenwich, Connecticut, house, Lee Ann Thornton created a coastal and classic look with blue and white.