Category Archives: PR News

Daily regional news summary from Cuba!: The source for the latest news throughout Cuba and Caribbean.

Midea expands operations for Latin America and the Caribbean

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Portfolio includes full line of home appliances and portable devices, plus residential and commercial air conditioners

MIAMI, Jan. 19, 2017 /PRNewswire-HISPANIC PR WIRE/ — Midea, a global leader in air conditioning and appliances, present in more than 150 countries, will invest US $ 30 million in expanding its business to Latin and Central America. The operation’s Head Quarter will be in Miami, where the launch of the project will take place on January 23rd at the Pullman Hotel.

The company, with revenues of over US $ 24 million, more than 20 factories and 124 thousand employees worldwide, aims to reach a key area for its global expansion strategy, Latin America and the Caribbean, which in 2016 only, had a volume of 12 million units sold, with average revenues of US $ 3.1 million.

Currently, Midea is present in the region in Brazil, Argentina and Chile, through the joint venture with American Carrier. “Our goal is to strengthen even more the brand globally, positioning products with the latest technology and quality,” says Joao Claudio Guetter, CEO of Midea LATAM.

“The strategy will be to introduce the products gradually with a launching schedule. To win local consumers, we will develop a differentiated product line, which will have the characteristics of each country where they will be offered, with specific design that pleases the consumer”.

The headquarters of the new operation was chosen for its geographical location, ease of finding bilingual professionals and the proximity to clients who have offices in the city, since they buy directly from the exporters in Miami.

Midea will market air conditioners; heaters, fans and humidifiers; water heaters; complete kitchen line; small appliances; vacuum cleaners and laundry line. The products will be brought from factories in China and Brazil.

About Midea

Founded in 1968, Midea Group is a World Fortune 500 company, and has grown to be one of the world’s largest manufacturers and exporters of household appliances.

Over 150 countries and regions, Midea employs over 124,000 people worldwide, including engineers, researchers, and industrial designers worldwide, which help the company to lead with innovative concepts that enrich the lives of consumers, in addition to providing manufacturing expertise and scale to business partners Around the world.

For more information, just go to www.midea.com/global/

Photo – http://mma.prnewswire.com/media/458665/Midea.jpg

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Midea expands operations for Latin America and the Caribbean

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Portfolio includes full line of home appliances and portable devices, plus residential and commercial air conditioners

MIAMI, Jan. 19, 2017 /PRNewswire-HISPANIC PR WIRE/ — Midea, a global leader in air conditioning and appliances, present in more than 150 countries, will invest US $ 30 million in expanding its business to Latin and Central America. The operation’s Head Quarter will be in Miami, where the launch of the project will take place on January 23rd at the Pullman Hotel.

The company, with revenues of over US $ 24 million, more than 20 factories and 124 thousand employees worldwide, aims to reach a key area for its global expansion strategy, Latin America and the Caribbean, which in 2016 only, had a volume of 12 million units sold, with average revenues of US $ 3.1 million.

Currently, Midea is present in the region in Brazil, Argentina and Chile, through the joint venture with American Carrier. “Our goal is to strengthen even more the brand globally, positioning products with the latest technology and quality,” says Joao Claudio Guetter, CEO of Midea LATAM.

“The strategy will be to introduce the products gradually with a launching schedule. To win local consumers, we will develop a differentiated product line, which will have the characteristics of each country where they will be offered, with specific design that pleases the consumer”.

The headquarters of the new operation was chosen for its geographical location, ease of finding bilingual professionals and the proximity to clients who have offices in the city, since they buy directly from the exporters in Miami.

Midea will market air conditioners; heaters, fans and humidifiers; water heaters; complete kitchen line; small appliances; vacuum cleaners and laundry line. The products will be brought from factories in China and Brazil.

About Midea

Founded in 1968, Midea Group is a World Fortune 500 company, and has grown to be one of the world’s largest manufacturers and exporters of household appliances.

Over 150 countries and regions, Midea employs over 124,000 people worldwide, including engineers, researchers, and industrial designers worldwide, which help the company to lead with innovative concepts that enrich the lives of consumers, in addition to providing manufacturing expertise and scale to business partners Around the world.

For more information, just go to www.midea.com/global/

Photo – http://mma.prnewswire.com/media/458665/Midea.jpg

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Renaissance At Shorelands Shines Bright At Real Estate Awards

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renaissance.shorelands-trinidad

CaribPR Wire, PORT OF SPAIN, TRINIDAD AND TOBAGO, Tues. Jan. 17, 2017: The uncompromising luxury and unique contemporary design of the Renaissance at Shorelands have won recognition with two major awards. Renowned architects, Fullerton Diaz in Miami, recently won Architect of the Year for their work at the 2016 Trinidad Real Estate Awards. They were joined on the podium by celebrated designer Brian MacFarlane for his exceptional Interior Design of the one of a kind Platinum Penthouse.

The Trinidad Real Estate Awards show, dubbed “An Evening of Real Estate Elegance,” was held at Queen’s Hall, Port-of-Spain.   The second annual event celebrated the achievements of the best and brightest real estate agents, mortgage brokers, interior designers, architects, and contractors.

The Renaissance at Shorelands debuted a high end video showcasing the sky-high residences each boasting their own uninterrupted view of the Gulf of Paria. The Renaissance at Shorelands lifestyle concept was also highlighted, featuring extensive amenities, such as a spa facility, gym and waterside boardwalk – all sheltered safely in a gated community.

Attending the Award ceremony, Chief Operating Officer, Anthony Bowen noted the residences and amenities rival any five-star hotel.   Bowen stated, “Luxury goes beyond the physical space; it permeates through every aspect of the experience of living here.” He also pointed out the Renaissance lifestyle concept is ably supported by dedicated staff, including a 24-hour state-of-the-art security, concierge and a generous underground parking structure, complete with security guards and a property maintenance team. He added: “The Renaissance at Shorelands is unique, modern, and completely secure. It truly is the most exclusive address in Trinidad and our residents frequently communicate their satisfaction with the exceptional lifestyle we provide.”

Located just a short drive away from Trinidad’s cosmopolitan capital city, and less than 5 minutes away from the yacht club, the Renaissance at Shorelands offers convenience for all residents, but is ideal for boat owners and yachting enthusiasts.  Overall, the location and the wonderful lifestyle is a winning combination.

With many of the residences already sold, a few 3 and 4 bedroom residences are available for those who wish to invest in international quality real estate in Trinidad.

# # #

About the Renaissance at Shorelands

The Renaissance at Shorelands is a luxury development in Trinidad comprising seventy-four private residences, penthouses and lifestyle amenities.

For more information, please visit www.renaissanceatshorelands.com or email Anthony Bowen at abowen@renaissanceatshorelands.com.

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Jamaican Singer Jack Radics Kicking Off His 2017 ‘Watershed’ Tour In South Florida

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ATLANTA, Jan. 17, 2017 /PRNewswire-HISPANIC PR WIRE/ – Platinum selling Jamaican recording artist Jack Radics will take his Watershed Tour to South Florida for four performances only next month, on January 20, 21, 22 and 23,  2017.

The tour will kick off on Friday January 20 at Da Real Ting Café in Jacksonville, Saturday January 21 at the Ginger Bay Café in Hollywood before moving on to the Wynwood Yard Cultural Center in Miami Dade County on Sunday January 22. It will conclude on Monday January 23 at Boston’s on The Beach in Delray Beach.

The Tour will continue up the East Coast of the United States

Thursday February 9 at Club Euphoria in Richmond, VA , Friday February 10 at Milk River Restaurant in Brooklyn, NY, Saturday February 11 at Off Key Tikki in Patchogue, NY, Sunday February 12 at The Shrine Music World in NY, NY and Thursday February 16 at  The Island Club in Athens, GA

The Watershed Tour is to promote the star’s latest album, The Watershed, which was released last month and which has already spawned its first hit single, Love Is.

The single has already landed in the Top 25 on the DRT ( Digital Radio Tracking) Independent Chart, within weeks of its release.

The Watershed Tour dates will mark Radics’ first live performances in Florida in nearly thirty years. Joining him on tour is the renowned Blak Diamond Band as well as acclaimed Jamaican solo artist Rica Newell, who has performed with many members of the world famous  Marley family for several years.

The Watershed album and the single Love Is have come in for high praise from critics and audiences across the United States and Europe, with many citing the album as Radics’ finest achievement to date in a career that has spanned nearly three decades.

At the Atlanta launch of the album held in November,  Guest of  Honor  Jewel Scott, Jamaica’s Honorary Consul to Georgia , heralded Radics as a “National treasure- one of Jamaica’s finest sons and one of our most distinguished cultural ambassadors, who has always created  music he can be proud of.”

Additional dates on The Watershed Tour will be released shortly.

Photo – http://mma.prnewswire.com/media/457575/Sound_Faculty_Jack_Radics_Live.jpg

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Passport Index launches new update

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Germany takes the lead. Singapore becomes second.

MONTREAL, Jan. 13, 2017 /PRNewswire-HISPANIC PR WIRE/ – Passport Index, the real-time global ranking of the world’s passports has announced a new update to its celebrated web service.

Photo – http://mma.prnewswire.com/media/457211/Arton_Capital_Passport_Index_launches_new_update.jpg

Germany takes the lead with a visa-free score of 157. Singapore overtakes South Korea and becomes the highest ranked Asian passport, with a visa free score of 156, coming second. South Korea fell to 6th place (152), while Japan, rose to 4th place, tied with European countries like Italy, Netherlands, Belgium, and others whose visa-free score is 154. Visa-free score represents the number of countries a passport holder can visit visa-free or with visa on arrival.

In addition to the popular mosaic of passports, visitors of PassportIndex.org can now see the overall changes to the ranking of countries in 2016. Marshall Islands is on top of the winners’ list by adding 35 countries to its visa-free score. Palau, Micronesia, follow with 34 additional countries, while Solomon Islands and Tuvalu added 33. Peru is the biggest winner in South America with additional 31 countries.

The newly added World Openness Score (WOS) tracks the progression of freedom of mobility across the globe. The world openness score in 2016 was 17,925. In the few days of 2017, the score has already increased to 17,948. This trend shows opening of borders but will it continue? With the recent backlash on globalisation, the World Openness Score may be in danger of decline.

Comparing passports has never been easier with the streamlined comparison tables and powerful filters which allow you to focus on the countries you need.

The newly added Improve function on the other hand allows you to quickly see the potential of combining two passports together. Fans can add one or more passports to their current travel document with the goal to improve their Global Mobility Score (GMS). For example, a Lebanese citizen has a GMS of 38. However, by adding a passport of Saint Lucia, their Global Mobility Score increases drastically to 123, which would represent the possibility of visa-free travel to over 61% of the countries we examine. For many people, this is priceless.

According to John Hanafin, CEO of Arton Capital, “The desire to improve one’s opportunity and security for their family transcends borders. As such, having a second citizenship has never been more relevant.

In recent years, citizenship by investment has become a US$2B industry, with over 20,000 investors seeking a second residency or citizenship around the globe very year.

New Top 10 Passport Power Ranking:

  1. 157 – Germany
  2. 156 – Singapore, Sweden
  3. 155 – Denmark, Finland, France, Spain, Switzerland, Norway, UK, USA
  4. 154 – Italy, Netherlands, Belgium, Austria, Luxembourg, Portugal, Japan
  5. 153 – Malaysia, Ireland, Canada, New Zealand
  6. 152 – Greece, South Korea, Australia
  7. 151 – Czech Republic, Iceland
  8. 150 – Hungary
  9. 149 – Malta, Poland
  10. 148 – Slovenia, Slovakia, Lithuania, Latvia

New Top 10 Individual Passport Power Ranking:

  1. Germany
  2. Singapore
  3. Sweden
  4. Denmark
  5. Finland
  6. France
  7. Spain
  8. Switzerland
  9. Norway
  10. United Kingdom

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Grammy Nominated Legendary Jamaican Jazz Great Monty Alexander Returns To NYC’s Jazz Standard

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Grammy Nominated Legendary Jamaican Jazz Great Monty Alexander.Grammy Nominated Legendary Jamaican Jazz Great Monty Alexander.

CaribPR Wire, NEW YORK, NY, Tues. Jan. 10, 2017: Grammy-nominated, award-winning Jamaican jazz pianist and band leader, Monty Alexander, will begin the New Year in fine style as he returns to the Jazz Standard, one of NYC’s renowned jazz clubs, from Jan. 31st to Feb. 4, 2017 for ten shows under the theme: “Looking Back.”

Alexander kicks off a five-night series of shows on January 31st by looking back on his career of pure jazz performances as he remembers and revisits his musical journey in jazz and jazz collaborations with some of the greatest giants of the genre between 1959 and 1977.

On Jan. 31st and Feb. 1st, Alexander, along with special guests Warren Wolf, (vibraphone), and Ron Blake, (tenor sax), will reprise songs from the Impulse! LP: ‘That’s The Way It Is,’ an outstanding album by the Milt Jackson Quintet – featuring Alexander, Ray Brown and Teddy Edwards that was recorded live in 1969 at Shelly Manne’s Manne–Hole in Los Angeles.

On Feb. 2, 2017, the jazz maestro, whose “right-hand lines ring out with the power of a great vocalist” according to NPR, will remember legends Dizzy Gillespie, Milt Jackson and Norman Granz and Jazz at the Philharmonic/Montreux 1977.

The show wraps up on Friday, Feb. 3rd and Saturday, Feb. 4th with a special Jamaican fusion spotlight as Alexander, Jamaica’s Commander of Distinction, and his band, the Harlem-Kingston Express, bring the vibes of his beloved homeland to their fans, while remembering Clement Seymour “Sir Coxsone” Dodd, CD and Studio One, one of Jamaica’s most influential record producer whose record label and recording studio has been described as the ‘Motown of Jamaica.’

Show times are 7:30 and 9:30 P.M. nightly. Caribbean and other jazz fans who call New York City home can secure their tickets for the shows here or by logging on to the Jazz Standard website. Tickets are $35 for per show from Jan. 31st to Feb. 2nd and $40 per show from Feb. 3rd – 4th.

For over a decade, the Jazz Standard, at 116 E 27th St, New York, NY, has been setting the standard for world-class jazz, warm hospitality, pitch-perfect sound and award-winning Southern cuisine and barbecue in an intimate and comfortable environment.

Alexander is an American classic. His performances have been called pure magic by many journalists and jazz fans around the world and his sets are undoubtedly “a refined concept of groove.” This extraordinary musician continues to tour the world relentlessly with various projects, delighting a global audience drawn to his vibrant personality and soulful message. His energetic pieces, documented on more than 70 CDs, draws upon the timeless verities: endless melody-making, effervescent grooves, sophisticated voicings, a romantic spirit, and a consistent predisposition “to build up the heat and kick up a storm,” as Alexander puts it.

In the course of any given performance, Alexander applies those aesthetics to a repertoire spanning a broad range of jazz and Jamaican musical expression – the American songbook and the blues, gospel and bebop, calypso and reggae. Like his “eternal inspiration” – Erroll Garner –  Alexander is cited as the fifth greatest jazz pianist ever in The Fifty Greatest Jazz Piano Players of All Time (Hal Leonard Publishing) and mentioned in Robert Doerschuk’s ‘88: The Giants of Jazz Piano.’

Alexander’s voluminous discography includes albums for many labels including MPS, Concord Music, Island Jazz, Telarc and Studio One. Two of his most fondly remembered professional associations was with legendary jazz entrepreneur and producer Norman Granz, who conceived of Jazz at the Philharmonic back in the late 40’s/50’s and “Sir Coxsone Dodd.” The pianist recorded “Monty and the Cyclones” between 1959-1961 for Studio One and released three LPs on Granz’s Pablo label in the 70’s – Jamento (1978), In Tokyo (1979), and Soul Fusion (1978) by Milt Jackson & The Monty Alexander Trio.

For more on Monty Alexander and his music visit him on YouTube or at montyalexander.com. You can also like him on Facebook at facebook.com/officialmontyalexander or keep up to date on his performance on Twitter at @montyHKE.

Media Contact:

Felicia Persaud

Hard Beat Communications

718-476-3616

felicia@caribpr.com

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Air Canada Inaugurates Year-Round Service between Toronto and Port of Spain, Trinidad

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New non-stop, twice-weekly service to be operated by Air Canada Rouge

MONTREAL, Dec. 20, 2016 /PRNewswire-HISPANIC PR WIRE/ – Air Canada today inaugurated new year-round service between Toronto and Trinidad. This morning’s departure of Air Canada Rouge flight AC1880 marks the beginning of twice-weekly, non-stop flights from Toronto to Port of Spain’s Piarco International Airport.

“Air Canada is very pleased to inaugurate this new, year-round service between Toronto and Port of Spain as part of our ongoing global expansion. In addition to being a popular vacation destination for Canadians, Canada and Trinidad and Tobago have longstanding ties, with many Canadians of Trinidadian descent visiting friends and relatives, and there are also substantial business ties. This new service will connect conveniently with our extensive domestic and international network through our Toronto-Pearson global hub,” said Benjamin Smith, President, Passenger Airlines at Air Canada.

Air Canada’s Toronto-Port of Spain flights will operate with a 280-seat Boeing 767-300ER featuring two classes of service with 24 Premium Rouge seats and 256 seats in Economy Class. Flights provide for Aeroplan accumulation and redemption and, for eligible customers, priority check-in, Maple Leaf Lounge access in Toronto, priority boarding and other benefits.

FLIGHT

DEPARTS

ARRIVES

DAYS of the WEEK

AC1880

Toronto at 8:45

Port of Spain at 15:10

Tuesday, Thursday

AC1881

Port of Spain at 16:35

Toronto at 21:25

Tuesday, Thursday

About Air Canada

Air Canada is Canada’s largest domestic and international airline serving more than 200 airports on six continents. Canada’s flag carrier is among the 20 largest airlines in the world and in 2015 served more than 41 million customers. Air Canada provides scheduled passenger service directly to 64 airports in Canada, 57 in the United States and 90 in Europe, the Middle East, Africa, Asia, Australia, the Caribbean, Mexico, Central America and South America. Air Canada is a founding member of Star Alliance, the world’s most comprehensive air transportation network serving 1,330 airports in 192 countries. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax. For more information, please visit: www.aircanada.com, follow @AirCanada on Twitter and join Air Canada on Facebook.

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Air Canada Inaugurates Year-Round Service between Toronto and Port of Spain, Trinidad

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New non-stop, twice-weekly service to be operated by Air Canada Rouge

MONTREAL, Dec. 20, 2016 /PRNewswire-HISPANIC PR WIRE/ – Air Canada today inaugurated new year-round service between Toronto and Trinidad. This morning’s departure of Air Canada Rouge flight AC1880 marks the beginning of twice-weekly, non-stop flights from Toronto to Port of Spain’s Piarco International Airport.

“Air Canada is very pleased to inaugurate this new, year-round service between Toronto and Port of Spain as part of our ongoing global expansion. In addition to being a popular vacation destination for Canadians, Canada and Trinidad and Tobago have longstanding ties, with many Canadians of Trinidadian descent visiting friends and relatives, and there are also substantial business ties. This new service will connect conveniently with our extensive domestic and international network through our Toronto-Pearson global hub,” said Benjamin Smith, President, Passenger Airlines at Air Canada.

Air Canada’s Toronto-Port of Spain flights will operate with a 280-seat Boeing 767-300ER featuring two classes of service with 24 Premium Rouge seats and 256 seats in Economy Class. Flights provide for Aeroplan accumulation and redemption and, for eligible customers, priority check-in, Maple Leaf Lounge access in Toronto, priority boarding and other benefits.

FLIGHT

DEPARTS

ARRIVES

DAYS of the WEEK

AC1880

Toronto at 8:45

Port of Spain at 15:10

Tuesday, Thursday

AC1881

Port of Spain at 16:35

Toronto at 21:25

Tuesday, Thursday

About Air Canada

Air Canada is Canada’s largest domestic and international airline serving more than 200 airports on six continents. Canada’s flag carrier is among the 20 largest airlines in the world and in 2015 served more than 41 million customers. Air Canada provides scheduled passenger service directly to 64 airports in Canada, 57 in the United States and 90 in Europe, the Middle East, Africa, Asia, Australia, the Caribbean, Mexico, Central America and South America. Air Canada is a founding member of Star Alliance, the world’s most comprehensive air transportation network serving 1,330 airports in 192 countries. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax. For more information, please visit: www.aircanada.com, follow @AirCanada on Twitter and join Air Canada on Facebook.

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Blue Diamond Resorts to Open All-New Grand Lido Negril, a Luxurious Au Naturel All-Suite Boutique Resort

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TORONTO, Dec. 15, 2016 /PRNewswire-HISPANIC PR WIRE/ — In February 2017, a new and exclusive au-naturel all-suite experience for adults over the age of 21 will open on the beautiful shores of Negril, Jamaica.  Grand Lido Negril, a luxury boutique resort, will offer 26 premium suites with butler service and other exclusive amenities in addition to full-use of the facilities and services of the neighboring Royalton Negril and Hideaway at Royalton Negril.

“We’re delighted to offer a top-of-the-line luxurious clothing-optional vacation experience for adults,” said Jordi Pelfort, Managing Director of Blue Diamond Resorts. “We’re confident that fans of this legendary naturist beach brand will be impressed with the modern and stylish resort experience we’ve created.”

All 26 of the elegantly-styled suites at Grand Lido Negril include premium butler service, 24 hour room service, and amenities that include: dual-headed rain showers, a fully stocked mini-bar replenished daily, free high-speed Wi-Fi resort wide, in-room Bluetooth speakers, USB recharge stations, free calls to North America and most of Europe, and satellite television with specialty channels.  Guests will also have exclusive use of a secluded au-naturel pool and the Reggae Bar and Grill, in addition to preferred access to all services and facilities at neighboring Royalton Negril or the adults-only Hideaway at Royalton Negril.

“Guests who love au naturel vacation experiences don’t have to forego their preference for an elegant first-class resort,” said Enrico Pezzoli, General Manager, Jamaica. ”It’s a new offering for us in Jamaica, a unique experience fusing luxury accommodations and lavish amenities.”

For more information on Grand Lido Negril visit www.GrandLidoResorts.com or contact your travel agent.

About Blue Diamond Resorts

Since inception in 2011, Blue Diamond Resorts has risen to become the Caribbean’s fastest growing resort company of 33 properties exceeding 13,500 rooms in seven countries. Taking an innovative approach to differentiating brands under each market’s demands, Blue Diamond Resorts’ ever-growing portfolio is more impressive than ever.  Award winning All-In Luxury® Royalton Luxury Resorts offer signature amenities including All-In Connectivity™, modern Sports Event Guarantee™, and in-suite wellness elements such as the exclusive handcrafted DreamBed™.   Royalton Luxury Resorts’ adults-only sub-brands include Hideaway at Royalton, an adults-only experience with exclusive dining and preferred accommodations with access to the services and facilities at a nearby Royalton Luxury Resort, plus the stylish All Exclusive™ CHIC by Royalton,  a social vacation experience with luxury amenities around-the-clock. In Jamaica, Grand Lido Negril has been revived to provide those over 18 an upscale and elegant naturist vacation along an exclusive shore for the ultimate in privacy. Memories Resorts & Spa is an experience designed to impress the entire family featuring on-site splash parks, a popular kids club with famous themed characters Toopy & Binoo™, and an innovative teen’s lounge. Adult’s only concepts from Memories Resorts include, Sanctuary an 18+ section of Grand Memories Memories Caribe, a beachfront paradise in Cayo Coco.   Starfish Resorts are solely found in Cuba and offer amazing value for customers with convenient locations, comfortable accommodations.

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Chow Tai Fook Enterprises Limited to Own and Operate Baha Mar Resort

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Leading, Global Conglomerate to Create Thousands of Jobs for Bahamians

Phased Opening Planned for Resort Beginning April 2017

NASSAU, Bahamas, Dec. 12, 2016 /PRNewswire-HISPANIC PR WIRE/ – Chow Tai Fook Enterprises Limited (CTFE), a leading Hong Kong-based global conglomerate with a diversified business portfolio – including extensive hospitality experience with resort and mixed-use developments worldwide – today announced it has signed an agreement to own and operate Baha Mar Resort. The signed share purchase agreement (SPA) allows for the acquisition by CTFE of all issued capital from Perfect Luck Assets Limited (Perfect Luck), including those Baha Mar Resort assets previously transferred to the company.

Said Graeme Davis, President, CTFE’s Bahamas subsidiary, “CTFE will dedicate significant, ongoing investment and resources towards the pre-opening and opening of Baha Mar Resort. We will also ensure that the Bahamian people and the region benefit fully from the project, which will create tremendous job and economic stimulus opportunities. Further, by combining our global hospitality expertise with the vibrant and authentic Bahamian culture, we will create a memorable, unmatched experience for guests of which all Bahamians can be proud.”

CTFE is in discussions with several globally recognized hospitality brands to be luxury hotel operators at Baha Mar including Grand Hyatt, SLS Hotels, and CTFE subsidiary, Rosewood Hotel Group.

To prepare for the opening of the casino hotel and casino, CTFE is onboarding a leadership team of executives from internationally recognized brands. It plans to begin recruiting employees for the casino in the New Year and is also in discussions to form marketing alliances with leading global gaming companies.

CTFE Brings Vast, Global Expertise with a Diverse Portfolio Including Tourism and Hospitality

CTFE has a diversified, international business portfolio across the commercial real estate, hospitality, retail and transportation industries that includes property holding and development; hotel investment and management; jewellery retailing and department store interests; and transportation and infrastructure investment. Among the publicly listed companies controlled by CTFE are New World Development Company Limited, a property developer with a market capitalization of over US $10 billion; NWS Holdings Ltd, an infrastructure and transportation company with a market capitalization of over US $6 billion; and Chow Tai Fook Jewellery Group Limited, one of the largest jewellery retailers in the world with a market capitalization of over US $8 billion.

Within the tourism and hospitality arena, CTFE’s expertise is extensive, in part through its ownership of Rosewood Hotel Group, which owns and/or operates 55 hotels in 18 countries under three different brands. These include some of the world’s most iconic hotel properties including The Carlyle, A Rosewood Hotel (New York), Rosewood London and Rosewood Beijing.    Rosewood Hotel Group also operates three Caribbean resorts: Jumby Bay, A Rosewood Resort in Antigua, Rosewood Tucker’s Point in Bermuda, and Rosewood Little Dix Bay in the British Virgin Islands (re-opening 2017).

In addition, the expertise of CTFE and its affiliated companies includes large-scale investment and development projects such as the US $10+ billion Greenwich Peninsula development project, one of the largest investments in London’s history, which is expected to include more than 15,000 new residences; the Queen’s Wharf Brisbane, a US $2.3 billion integrated resort development project in Australia; and a deluxe casino hotel development in Metro Manila, in the Philippines.

CTFE Committed to Phased Opening of Baha Mar Resort Beginning April 2017 and the Creation of Thousands of Jobs for Bahamians

CTFE is dedicated to the successful and timely opening and operation of Baha Mar Resort. Upon completion of the project by China Construction America (CCA) and EXIM Bank, the company intends to quickly establish Baha Mar as one of the world’s finest destination properties.  CTFE plans to open the resort in phases, beginning with phase one in April 2017, which will include the casino hotel, casino, convention center and golf course. The company estimates that more than 1,500 jobs will be generated for Bahamians within this first phase. Once fully operational, Baha Mar Resort will employ thousands more.

Davis continued, “The Bahamas is one of the most iconic and popular destinations in the Caribbean. As we build on the foundation that has been established thus far, a critical part of our vision for Baha Mar Resort is to showcase the extraordinary beauty of the island in addition to its culture.  In partnership with the Bahamian people, we look forward to delivering future guests a resort that is distinctive not only for the Bahamas but for the entire Caribbean.”

CTFE has plans to invest an additional US $200 million in the project to support pre-opening activities as well as the redevelopment of the prime beachfront Crystal Palace Casino Hotel site, and the development of additional family-friendly amenities, entertainment venues and offshore island facilities.

Bahamian Prime Minister and EXIM Bank Support CTFE in its New Role

“We are delighted to have CTFE join Baha Mar Resort as the owner and developer, leveraging its expansive network and resources to open new markets and opportunities for The Bahamas that will deliver great benefits to the island and our people,” said the Right Honourable Prime Minister, Perry G. Christie. “The Government is confident that CTFE has the precise capabilities and track record to successfully complete and operate Baha Mar Resort from both a lodging and casino perspective. We look forward to having such a renowned and experienced company turn the vision for Baha Mar Resort into reality.”

EXIM Bank said in a statement, “While there have been challenges with the project along the way, The Government of The Bahamas and EXIM Bank have been steadfast in bringing this project to fruition. Now, with a supremely qualified, world-class owner and operator in place, we look forward to working together with CTFE to bring the already stellar reputation of the Bahamas as a leading tourism destination to a new level.”

About Chow Tai Fook Enterprises Limited

Chow Tai Fook Enterprises Limited (CTFE) is a leading Hong Kong-based conglomerate owned and controlled by the Cheng Family with a diversified global business portfolio. Principal activities of CTFE and the Cheng Family include commercial real estate, hospitality, retail and transportation industries that includes property holding and development; hotel investment and management; jewellery retailing and department store interest; transportation and infrastructure investment. Among the publicly listed companies controlled by CTFE are New World Development Company Limited, a property developer with a market capitalization of over US $10 billion; NWS Holdings Ltd, an infrastructure and transportation company with a market capitalization of over US $6 billion; and Chow Tai Fook Jewellery Group Limited, one of the largest jewellery retailers in the world with a market capitalization of over US $8 billion.

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