Grand Hyatt Baha Mar - REVIEW MASTER THREAD
Jun 30, 2015, 5:55 am
#181
Join Date: Sep 2013
Location: Paradise
Posts: 1,617
They have officially filed for Chapter 11 bankruptcy protection in the US courts with another filing due in the Bahamian courts this week. The ironic thing in all of this is they were unwilling to pay local contractors to build the resort as China convinced them their own people could do it substantially cheaper. The end result is the local contractors still have to go back and redo a lot of shoddy construction the Chinese workers (many who were prisoners) did.
Unless they get a significant line of credit, they will not be open this year, no matter what CS tells you because they owe about 60 million between the 3 contractors; so the work is in a stop and go phase.
Unless they get a significant line of credit, they will not be open this year, no matter what CS tells you because they owe about 60 million between the 3 contractors; so the work is in a stop and go phase.
Jun 30, 2015, 10:03 am
#182
Join Date: Jan 2011
Location: New England
Programs: UA 1P, Hyatt Diamond, HH Diamond, Marriott Gold
Posts: 1,502
They have officially filed for Chapter 11 bankruptcy protection in the US courts with another filing due in the Bahamian courts this week. The ironic thing in all of this is they were unwilling to pay local contractors to build the resort as China convinced them their own people could do it substantially cheaper. The end result is the local contractors still have to go back and redo a lot of shoddy construction the Chinese workers (many who were prisoners) did.
Unless they get a significant line of credit, they will not be open this year, no matter what CS tells you because they owe about 60 million between the 3 contractors; so the work is in a stop and go phase.
Unless they get a significant line of credit, they will not be open this year, no matter what CS tells you because they owe about 60 million between the 3 contractors; so the work is in a stop and go phase.
Anyway, looks like GH Baha Mar is not taking any reservations.
Jun 30, 2015, 11:27 am
#183
Join Date: Mar 2014
Posts: 279
Jun 30, 2015, 11:47 am
#184
Join Date: Sep 2013
Location: Paradise
Posts: 1,617
Trust me. A lot of them were Chinese prisoners. This was common knowledge among a select few in order for them to even be permitted into the country. They have since gone back.
Jun 30, 2015, 10:13 pm
#185
Join Date: Jun 2011
Programs: SPG Platinum, Hyatt Diamond
Posts: 1,134
http://www.wsj.com/articles/chinas-b...les-1412092767
"We call them the prisoners," says Chrys Sturrup, a driver in Nassau. "We never see them at the beach or on the street."
Jul 1, 2015, 6:02 am
#186
Join Date: Sep 2013
Location: Paradise
Posts: 1,617
Are you sure this wasn't the nickname given to them by the locals?
http://www.wsj.com/articles/chinas-b...les-1412092767
"We call them the prisoners," says Chrys Sturrup, a driver in Nassau. "We never see them at the beach or on the street."
http://www.wsj.com/articles/chinas-b...les-1412092767
"We call them the prisoners," says Chrys Sturrup, a driver in Nassau. "We never see them at the beach or on the street."
This is from a immigration level, not a local level.
Jul 1, 2015, 2:30 pm
#187
Join Date: Sep 2010
Programs: IC Royal Ambassador, Hyatt Diamond
Posts: 486
Baha Mar secures $30 million and once work is started is approx. 8-12 weeks away from completion. We'll see...
http://www.reuters.com/article/2015/...ustrialsSector
Also check out this:
http://www.bmpathforward.com
http://www.reuters.com/article/2015/...ustrialsSector
Also check out this:
http://www.bmpathforward.com
Jul 1, 2015, 4:55 pm
#188
Join Date: Nov 2013
Location: DFW
Programs: AA EXP, Marriott Titanium
Posts: 515
Baha Mar secures $30 million and once work is started is approx. 8-12 weeks away from completion. We'll see...
http://www.reuters.com/article/2015/...ustrialsSector
Also check out this:
http://www.bmpathforward.com
http://www.reuters.com/article/2015/...ustrialsSector
Also check out this:
http://www.bmpathforward.com
In undertaking the Chapter 11 process, Baha Mar at this time must cancel all existing guest reservations at the Baha Mar Casino & Hotel and suspend the acceptance of further reservations. Our priority is to complete construction and open the resort as quickly as possible.
If you have an upcoming reservation at Baha Mar with one of our partner hotels – the Grand Hyatt, Rosewood, or SLS – you should contact the hotel operator directly.
If you have an upcoming reservation at Baha Mar with one of our partner hotels – the Grand Hyatt, Rosewood, or SLS – you should contact the hotel operator directly.
Jul 1, 2015, 5:51 pm
#189
Join Date: Sep 2010
Programs: IC Royal Ambassador, Hyatt Diamond
Posts: 486
With Baha Mar suing it's general contractor to the tune of 192 million I think it's safe to say that they aren't going to be the ones finishing the job. So that means new people have to be hired. Although the main debtor is China so that will be interesting in bankruptcy proceedings. I still think any opening sooner than January 1st is not going to happen. Maybe we should start a opening date wiki league. Guess what the opening date is and you win a prize.
Jul 2, 2015, 1:49 pm
#190
Join Date: Sep 2010
Programs: IC Royal Ambassador, Hyatt Diamond
Posts: 486
This article seems to suggest it won't open until 2017!
http://www.tribune242.com/news/2015/...til-2017/?news
http://www.tribune242.com/news/2015/...til-2017/?news
Jul 2, 2015, 6:27 pm
#191
Join Date: Dec 2008
Posts: 563
Hyatt's official written response to my email said to call this toll free number:
844-800-2242
When I called, expecting to speak to a human, all you hear is a recording saying no one is available to speak with. They say they have filed Chapter 11 bankruptcy and all reservations have been canceled. I assume I will have to call HGP because this is unacceptable.
844-800-2242
When I called, expecting to speak to a human, all you hear is a recording saying no one is available to speak with. They say they have filed Chapter 11 bankruptcy and all reservations have been canceled. I assume I will have to call HGP because this is unacceptable.
Jul 2, 2015, 6:53 pm
#192
Join Date: Apr 2001
Programs: AA (PLATINUM), HHonors (DIAMOND)
Posts: 1,068
Grand Hyatt to open in the Bahamas
Anyone wanting to stay at this property needs to give up for the time being. I do not see this GH opening for a very long time (if ever), let alone under the Hyatt brand.
Jul 2, 2015, 7:03 pm
#193
Join Date: Mar 2014
Posts: 279
Are they going to still plan to compensate guests for this? Or is all of the compensation now over because they declared bankruptcy?
I have a 3 night honey moon booked for October which was booked months ago. Guess I am totally screwed now
I have a 3 night honey moon booked for October which was booked months ago. Guess I am totally screwed now
Last edited by Trinob; Jul 2, 2015 at 7:33 pm
Jul 2, 2015, 7:17 pm
#194
Join Date: Sep 2010
Programs: IC Royal Ambassador, Hyatt Diamond
Posts: 486
Grand Hyatt to open in the Bahamas
Are you referring to Hyatt taking a deposit? If they took a deposit they will refund it. They never charged a deposit on my reservations. Now if it's Baha mar we are talking about then I'm not sure if you'll get your money back.
Jul 2, 2015, 7:33 pm
#195
Join Date: Mar 2014
Posts: 279
I stand corrected. I was confused with another reservation I have at Aria that charged me the first night.