China’s Big Ambitions Stumble At Bahamas Resort (3)

ResortThe shift occurs the second you see the colourful hues of Boynton Canyon. You begin to think of phrases to describe this one-of-a-kind setting. Enchantment Resort feels completely different, as a result of it is so different. Nestled inside a natural area of vermillion-colored rock formations, Enchantment captivates friends with the rugged beauty of the Southwest together with unparalleled five-star lodging and unsurpassed service.

The project first bumped into severe hassle in 2008, when Harrah’s Entertainment Inc. and Starwood Hotels & Resorts withdrew from the mission on the height of the worldwide monetary crisis. China Export-Import Bank was seen as a savior in 2010 when it agreed to put up a $2.45 billion financing package deal. The formidable built-in resort was to be completed in a single phase over 44 months, with a focused opening date of November, 2014.

Successive agreements between Izmirlian’s group and China State Construction repeatedly failed, … Read more