Baha Mar Issues Statement Regarding Discussions With Parties

Jul 13, 2015, 14:50 ET from Baha Mar Ltd.

NASSAU, Bahamas, July 13, 2015 /PRNewswire/ -- Baha Mar Ltd. issued the following statement with regard to discussions underway with involved parties:

"It is clear that we and our government in The Bahamas recognize the importance to The Bahamas of completing construction and successfully opening Baha Mar as soon as possible. We appreciate the government's efforts to try to help all parties work together to achieve a consensual resolution in a timely manner.

We at Baha Mar want this, have an urgency to reach an appropriate resolution, and look forward to participating in discussions this week in China.

As the government of The Bahamas has made clear in communications with us, the discussions to achieve the resolution are directly between the private parties -- Baha Mar; China State Construction, the general contractor and its affiliates; and the lender, the Export-Import Bank of China, with the Bahamian government volunteering to be neutral in this process.

Since the discussions are between the private parties, and the sensitivity of their content is critical to being able to try to work toward a consensual resolution, Baha Mar plans not to make any public statements on the discussions as they occur and, if at all, until they are concluded. We would hope all those attending conduct themselves in a similar fashion so that the private parties have the most conducive environment in which to undertake this effort."

About Baha Mar
Baha Mar is set on 3,000 feet of white sandy beach just 10 minutes from Nassau's fully renovated and expanded international airport.  It will feature elite hotels with gaming, entertainment, private residences, shopping and natural attractions that reflect an authentic Bahamian experience. Amenities will include a Jack Nicklaus Signature golf course; 200,000 square feet of flexible convention facilities, including a 2,000-seat entertainment venue; art galleries featuring Bahamian art; more than 40 restaurants, bars and clubs; global luxury designer and local artisan boutiques; and 20 acres of exquisitely landscaped beach and pool experiences, including a beachfront sanctuary with native Bahamian flora and fauna. For more information during this process please visit www.bmpathforward.com.

Media Contact
Kekst and Company
Jeremy Fielding/Stef Goodsell/Ross Lovern
Bahamar@Kekst.com
+1 (212) 521-4806

SOURCE Baha Mar Ltd.



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