Old Bahama Bay, like many other Bahamian resorts, has struggled to deal with the economic slowdown that began in 2008. Ginn Resorts, which acquired the property in 2007, eventually had to file for bankruptcy in 2009 when its real estate programs collapsed. Its lenders kept the lights on, but operations were scaled back and hospitality marketing came to a virtual halt. This led to uncertainty for both the vacationing public and the OBB staff.
In early 2012 a dedicated group of Old Bahama Bay property owners decided to take matters into their own hands to provide purpose and direction for the resort. With the help of the management team that managed the resort from 2001 to 2007, they formed a new company, Island Ventures Resort, & Club, Ltd. to operate the property. This became effective on August 10 th of this year.
The new team has already implemented a number of new partnerships:
1. Old Bahama Bay is now a Guy Harvey Outpost Expedition Property: Guy Harvey Outpost Resorts & Marinas is a collection of properties in unique destinations owned and staffed by people who are passionate about their time on, in, and around the water. http://www.guyharveyoutpost.com/
2. Stuart Cove now operates an award-winning scuba diving operation directly from Old Bahama Bay. Guests can dive with all kinds of fish, rays, and other exciting sea life from a high-speed dive boat. Offered 3 times a week, the all-day Tiger Beach Shark Excursion offers a truly unique way to interact with these amazing creatures. The diving off of West End includes excellent wrecks, reefs, walls and wild dolphins – all located within an easy ride from the dock. http://www.stuartcove.com/tigerbeachhome.aspx
The new management team also has plans to make the following immediate improvements:
Upgrade the resort’s activities programs including the purchase of new bicycles and water sports equipment.
Restart weekend promotional events including beachfront bonfire cookouts and live Bahamian entertainment.
Restart its very special wedding programs
Other new initiatives are in the final stages of planning and will be announced as they become available.
Contact Information:
* 1-888-800-8959
* sales@oldbahamabay.com
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