The Bahamas Hotel Ship (www.bahamashotelship.com) is a very creative first class Bahamas hotel (144 suites of 720 sf) and 70,000 sf commercial and health complex to be ready in only one year. The core structure is a 245 foot , 5 story, former US river gambling ship built for $80m with full water, sewage and electrical service complex. The ship will be towed from the USA and permanently secured in a concrete bunker on a private island attached to Abaco, Bahamas, 10 miles from Marsh Harbor airport. The complex includes a 50 yacht marina, an aquarium and under-water restaurant, four beaches, and room for a separate condo building (Phase two).
The developer has extensive experience in Canada, Florida and the Caribbean, and holds patents on several products applicable to further benefit the project. Both the seller of the land and the ship have elected to be partial owners of the project in lieu of purchase all cash. A 25% equity share for $6m is available, or the developer is seeking a $12m loan for50% LTV development costs. Project value is estimated over $100m on completion.
For complete information, business plan, operating expenses, crew projections, amenities, etc. contact the developer, W. Scott Hammond, 561-207-0066, scotthammond747@gmail.com. and Tom Ross, tross@investafricaglobal.com, 561-293-5868.
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