Old Bahama Bay Resort is a popular vacation destination located in West End, Grand Bahama Island. It is a luxury resort that offers a range of amenities and activities for tourists.
If you are planning to visit this resort, you may be wondering who owns Old Bahama Bay Resort. In this article, we will explore the ownership of this resort and provide you with some interesting insights.
History of Old Bahama Bay Resort
Old Bahama Bay Resort was originally built by Ginn Resorts in 2001. The resort was designed to be a luxury beachfront property that would attract tourists from around the world. The initial investment in the property was around $130 million, and it included a marina, golf course, and residential properties.
However, the resort faced financial difficulties after the 2008 economic recession and eventually went into bankruptcy. In 2010, the resort was sold to Canadian developer Wynn Group for $24 million.
Current Ownership of Old Bahama Bay Resort
Wynn Group is currently the owner of Old Bahama Bay Resort. The company purchased the property in 2010 and has since invested heavily in its renovation and improvement. The company has spent over $40 million on renovations and upgrades to make it one of the most luxurious resorts in the Bahamas.
What Makes Old Bahama Bay Resort Unique?
Old Bahama Bay Resort is unique for several reasons. First and foremost, it is located on one of the most beautiful beaches in Grand Bahama Island. The crystal-clear waters and white sand beaches attract thousands of tourists every year.
Additionally, the resort offers a range of amenities that make it stand out from other resorts on the island. It has an on-site marina that can accommodate yachts up to 150 feet long, making it a popular destination for boaters.
The resort also features two restaurants, a spa, and a fitness center. There are also a variety of water sports available, including snorkeling, kayaking, and paddleboarding.
Final Thoughts
Old Bahama Bay Resort is a luxury vacation destination that attracts tourists from all over the world. It is currently owned by Canadian developer Wynn Group, which has invested heavily in its renovation and improvement.
The resort offers several unique features, including its location on one of the most beautiful beaches in Grand Bahama Island and its on-site marina that can accommodate large yachts. If you are planning to visit the Bahamas, Old Bahama Bay Resort is definitely worth considering as your vacation destination.