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Last Updated: Feb 6, 2017 - 2:32:04 PM |
WEST END, GRAND BAHAMA
—
Consistent with
its established effort to focus attention on the development and
operation of the commercial and utility properties it owns, the Old
Bahama Bay Resort (OBB Resort) development company has announced that
it will not renew its rental management agreement with the condominium
owners at the resort.
A
proposed continuation plan would result in the property and rental
management responsibilities reverting to the condo owners themselves,
while OBB Resort will continue to operate the marina and oversee food
and beverage operations.
Contrary to reports in the local press, Old Bahama Bay Resort is not closing operations.
Those
employees directly involved in the rental and property management would
now fall under the management and the responsibility of the 73-unit
condo owners.
Indications are that the condo owners will
continue to operate their units at Old Bahama Bay Resort and
may maintain some of the existing human resources as they are today.
Old
Bahama Bay Resort will continue its efforts to extend the development
community of West End, which includes seeking out capable third party
operators for its various assets in the region. These steps will
further clarify and streamline the developmental structure, and allow
for greater progress to be seen for West End and Grand Bahama Island.
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