{"id":246589,"date":"2005-02-21T12:03:47","date_gmt":"2005-02-21T17:03:47","guid":{"rendered":"https:\/\/www.bahamasb2b.com\/news\/2005\/02\/cable-beach-deal-off"},"modified":"2005-02-21T12:03:47","modified_gmt":"2005-02-21T17:03:47","slug":"cable-beach-deal-off","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2005\/02\/cable-beach-deal-off","title":{"rendered":"Cable Beach Deal Off"},"content":{"rendered":"<p>After many months of anticipation, the much-talked-about $1.2 billion Cable Beach deal came to a screeching halt Thusrday after the company that was supposed to buy the three hotels involved could not produce any money.<br \/>\n<P><br \/>\nThe company Baha Mar Development Ltd., headed by Lyford Cay billionaire Dikran Izmirlian, revealed on October 25, 2004, that it had completed a purchase agreement with hotelier Phil Ruffin to acquire his properties in the Cable Beach area to include the Wyndham Nassau Resort and Crystal Palace Casino and the Nassau Beach Hotel.<br \/>\n<P><br \/>\nHowever, Mr. Ruffin told the nassau Guardian Friday that even though Baha Mar had used up all the days in the 120-day due diligence period, it was still unable to come up with the money to secure a deal. He did not reveal the amount he was asking for his resorts, which had been previously estimated to be worth between 150 to 200 million.<br \/>\n<P><br \/>\n<B>The Nassau Guardian<\/B><\/P><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A lot of hype but no money produced to seal the deal<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[12],"tags":[],"class_list":["post-246589","post","type-post","status-publish","format-standard","hentry","category-headlines"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/246589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=246589"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/246589\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=246589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=246589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=246589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}