The assets of the unfinished Baha Mar resort have been sold to an affiliate of Export-Import Bank of China, the project's primary lender.
The entity, called Perfect Luck Holdings, will likely resell the Bahamas mega-resort once it is completed.
The office of Bahamas prime minister Perry Christie confirmed the sale. Christie in late August said it reached an agreement with Export-Import Bank of China to sell Baha Mar to a "world-class hotel and casino operator," which obviously did not happen.
Christie's office said that Perfect Luck "may sell the resort to whomever it wishes, subject to the proposed purchaser being acceptable to the government and other bodies performing their public function."
Ousted developer Sarkis Izmirlian, who has been trying to regain ownership of Baha Mar, claimed that his most recent offer was "far superior economically" than Perfect Luck's.
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