Tourism Industry News

Four Seasons in the Bahamas to Close

28/05/2009 16:06

The Four Seasons Resort Great Exuma at Emerald Bay in the Bahamas will close on May 26. The 183-room hotel opened in November 2003 as the first luxury property in the Bahamas Out Islands, located within the Emerald Bay development on the island of Exuma.


The development has been in receivership since June 2007. PricewaterhouseCoopers, the court-appointed receiver, said there had been “considerable interest in the project for the first 14 months, including a signed letter of intent with one party and a formal contract with two other parties. None of those transactions were able to be concluded.”


Currently, there is no interested bidder or signed letter of intent with any party, said PricewaterhouseCoopers. “No time indication can be given on how long it will be before a sale of the assets is concluded or how long it will be before the project reopens for business.”


Four Seasons has notified tour operators and other partners about the closing. Guests holding reservations beyond May 26 can rebook at another Four Seasons resort or at a comparable Caribbean property if they still choose to vacation in the Caribbean, according to Devyani Puri, a hotel spokesperson.


With the Four Seasons Nevis closed until November because of hurricane damage, there are no other Four Seasons hotels in the Caribbean. The closure will affect several hundred resort employees as well as ancillary businesses that relied upon the resort for revenue.


By Gay Nagle Myers, Caribean News Digital

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