Baha Mar's “phased opening” slated for April 2017
On Friday, Mr. Christie revealed that Hong Kong-based conglomerate Chow Tai Fook Enterprises (CTFE), would begin “a phased opening” of Baha Mar in April.
The opening will see at least 700 of the property’s total 1,800 hotel rooms available.
Perry said CTFE would invest US$200 million in “pre-opening festivities” and final revisions to the unfinished property.
The Hong Kong conglomerate also planned to hire 1,500 employees in the new year, while 4,300 will be hired by December 2017 “when all components [of Baha Mar] have been completed and opened”, he said.
Last week, CTFE submitted its proposal for the acquisition of Baha Mar.
The Hong Kong-based conglomerate first announced it had entered into negotiations for the ownership of Baha Mar in late October.
The initial projected cost of Baha Mar is US$3.5 billion.
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