Old Bahama Bay’s owners tout resort’s success
Old Bahama Bay Resort and Yacht Harbour continues to welcome new guests, opportunities and investors close to seven years after it was almost shut down for good when former operators, Ginn LRA, announced that it would close the West End, Grand Bahama property.
Island Venture Resort & Club, Ltd. (IVRC) – a company created by Old Bahama Bay’s condo owners to take over and operate the resort in 2011 – stressed in a press release that it and its 95 percent Grand Bahamian staff continue to preserve their investment in West End.
IVRC said it has operated independently since buying out Ginn and has grown its workforce back to more than 100 permanent jobs.
“We would like to thank the residents of West End, condo unit owners, the staff and guests of Old Bahama Bay,” the release states.
“Residents of West End make up 95 percent of the employees of Old Bahama Bay, making it the largest employer in the western district, as well as an entity empowering entrepreneurship by creating space for independent operators.
“These employees and operators have played a major role, in collaboration with the condo unit owners and guests of Old Bahama Bay, to create a sustainable and viable business model with continued organic growth. They have done so through natural disasters, economic downturns, political changes and foreign bankruptcy.”
According to IVRC, the Old Bahama Bay Resort and Yacht Harbour has worked with the community of West End, including the West End Primary School and the WECAN community organization.
Old Bahama Bay Resort features 72 beachfront resort condo suites, a 62-slip, full service marina, oceanfront pool, on-site restaurants, stunning beaches and the region’s finest fishing, snorkeling, diving and boating activities. The site also has a private airport with a 6,500-foot airstrip.
“Our purpose is to enrich the resort experience of Old Bahama Bay’s guests and owners by enhancing the enjoyment of their chosen recreational, social and family activities by providing exceptional services, facilities and amenities,” the release points out.
“This is all in an effort to ultimately improve our lives and succeed together as one community.”
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