Paradise Island Hotel Up For Sale?

Wednesday 27th, April 2011 / 09:48 Published by

A senior government official has confirmed that the Paradise Island Harbour Resort is in negotiations with a business entity with the intent of being sold.

The source, who spoke to The Nassau Guardian on condition of anonymity yesterday, was not in a position, however, to name the entity the hotel is reportedly in negotiations with.

The staff of the hotel are reportedly concerned about whether they would receive redundancy payments in a timely fashion, like the workers at the Royal Oasis Hotel in Freeport, Grand Bahama, following the sale.

The source said when the hotel is sold, management plans to retain the majority of the staff.

Reportedly, the 200 employees at the resort were shocked when they learned that the resort’s owner, Genwood Paradise Ltd., had entered into a sales agreement with Benisasia Investment and Properties Ltd.

According to a letter to staff dated April 12, 2011 from Scott Cornelius, the company’s regional director and general manger, the resort should be sold by May 12.

Scott informed employees that Genwood would cease doing business once the sale is completed and as a result their services with the company would also come to an end.

Bahamas as Hotel Catering and Allied Workers Union Secretary General Darrin Woods said the union has written to the attorneys of the new owners and requested a meeting in an effort to ascertain exactly how the sale would impact its members.

“We are just waiting to hear from them. The staff want to know what is happening to them. They don’t know whether they would be retained or let go,” he said.

Source: The Nassau Guardian

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