|Old Bahama Bay Resort & Marina announces new hotel and marina operator|
|Thursday, 02 August 2012 07:13|
WEST END, Grand Bahama -- LRA OBB, Limited (“LRA”) (owner of the Old Bahama Bay Resort & Marina) and Crave Real Estate (advisors to “LRA”) are pleased to announce a new agreement with the condominium owners at Old Bahama Bay to operate the hotel and marina at the property.
A new company, Island Ventures Resort & Club, Ltd. (“IVRC”), has been formed to undertake these responsibilities. Mr. James Culmer of West End has been appointed General Manager, and Ms. Jackie Carroll of Freeport has been appointed Resort Manager. Advisory services will be provided by Management Services, LLC (“MSLLC”), a Florida based hospitality consulting company whose principals were involved in opening and operating Old Bahama Bay from 2001 to 2007.
Derek Gape, Project and Operations Manager for “LRA” stated “This new arrangement brings together the major stakeholders at Old Bahama Bay (LRA OBB, Limited, West End Resort, Ltd., OBB Condominium owners, and OBB lot and home owners) to share in the benefits and obligations of property operations. “LRA” will continue to maintain a small team of Bahamian employees and consultants to manage other facets of the Old Bahama Bay project.”
“This is an exciting new opportunity for the management and staff at Old Bahama Bay” said James Culmer, Resort General Manager. “We look forward to implementing new marketing programs for the resort and to providing high quality, friendly service to our owners and guests.”
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