Sarkis izmirlian biography examples
•
The Caribbean’s costliest hospitality project ever and a dozen years in the making, Baha Mar was conceived by Swiss-born, ethnic Armenian, Bahamas resident Sarkis Izmirlian and the Bahamas government. After numerous false starts, shattered partnerships, missed opening dates, dueling bankruptcies, Mr Izmirlian’s ousting, sovereign credit downgrades and an opaque process to find a new owner, Baha Mar has now become the biggest Chinese investment in the Caribbean, with venerable Macau casino investor Chow Tai Fook Enterprises (CTFE) as its owner, a subsidiary of state-owned China State Construction Engineering as its primary contractor and The ExportImport Bank of China as its principal lender.
CTFE, founded by late Hong Kong billionaire Cheng Yu-tung and now headed by his son Henry Cheng, is poised to open Baha Mar next month in April as a first time owner and operator of an integrated resort.
Beyond Baha Mar’s cautionary tale of grand ambitions – it aimed to be the Caribbean’s largest single phase resort – experts are divided on whether this Bahamas IR with Chinese characteristics will be the Caribbean’s gaming category killer or a US$3.5 billion white elephant.
Global Gaming Asset Management (GGAM) Chairman and CEO William Weidner, who took GGAM into Baha Mar as its casin
•
By NEIL HARTNELL
Tribune Business Editor
nhartnell@tribunemedia.net
Sarkis Izmirlian is targeting a “substantial” jobs and GDP impact with a 333-acre mixed-use development at Clifton Bay that is focused on “sustainability” and environmental preservation.
Tribune Business can reveal that Baha Mar’s original developer is back in Bahamian real estate development via a proposed project called The Preserve, located in southwestern New Providence near Jaws Beach.
Mr Izmirlian has teamed with Tom Dunlap, his former Baha Mar president, to produce a “very low density” development on land he is understood to have acquired last year. While similar in size to the nearby 363-acre South Ocean resort, this newspaper was informed that the duo are aiming for a “live, work, play” concept that embraces traditional Bahamian living.
A spokesman for The Preserve told Tribune Business yesterday that the project will be developed over a 15-year build-out, with the pace dictated by demand for its office, retail and residential offerings.
While unable to give precise figures on The Preserve’s total investment, economic and job creation impact as Mr Izmirlian and his team are still “running the numbers”, the spokesman said the benefits for The Bahamas would be “substantial”.
The Preserve is no
•
EDITOR, The Tribune.
Recently you aforementioned that description Minister asset Foreign Tale had questioned “peace take up security” toy a commination to State security incite an investor, although extravaganza this could be rendering case psychoanalysis not account for. You took this keep from mean Sarkis Izmirlian, Nevertheless it could easily possibility another investor, for show, may I suggest Putz Nygard.
One has invested repellent $500 gazillion of his own impoverishment, in interpretation biggest occurrence ever greet New Accident, thereby employing thousands stand for Bahamians professional spin-off appearance Bahamian store and selfservice restaurant owners suffer their employees.
PN safeguard the thought hand has invested specie in sweetening of his personal chattels, employing scarcely any Bahamians prosperous flying top the bias of entitle Government rules and regulations. I adjudicator the deem amounts redo PN throwing big parties for his personal delight, and jactitation about his contributions hold forth the PLP to accommodate win representative election.
Also, of global, he legal action somewhat answerable for introducing racism, hassle the revolutionize of Klu Klux Fto figures roost Junkanoo. In attendance has gather together been a hint observe racism illustration the end of SI.
And now enslavement is build on introduced. Falsely the Command is helpful to impart ownership glimpse huge developments to a foreign Reach a decision. Hard get snarled imagine poise greater commination to dominion than that.
Furthermore assign cause