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Foxwoods To Redevelop A Resort In The Bahamas
By admin | February 22, 2008
Owners of Foxwoods Resort Casino are joining forces with an Irish property development company to redevelop a resort on Grand Bahama Island.
Foxwoods Development Co. announced today that it reached an agreement with Harcourt Developments to renovate and reopen the Royal Oasis Resort, which has been shuttered since 2004 because of severe damage from hurricanes Frances and Jeanne.
A press release distributed by Foxwoods, which is owned by the Mashantucket Pequot tribe of southeastern Connecticut, said Harcourt is working with the tribal development company “to develop and manage” the resort. Further details of the structure of the partnership weren’t available.
A tribal spokesman said Foxwoods Development liked the Bahamas project because of the quality of the Royal Oasis property and Harcourt’s strong track record.
The reopened Royal Oasis would include 650 hotel rooms, a casino, shopping and restaurants and two golf courses. Harcourt currently owns properties in the Bahamas as well as England, Ireland and the United States.
“We’re delighted to have partnered with such world class operators as Foxwoods who have a wealth of experience and expertise in the leisure industry,” said Pat Power, director of Harcourt Developments in a statement.
The partnership in the Grand Bahama is Foxwoods’ second project in the Caribbean. The development company announced in 2005 plans for a resort and casino in the U.S. Virgin Islands. The proposal is currently going through the regulatory approval process.
The tribe is pursuing projects in the United States in Philadelphia and California and has a partnership with MGM Mirage, a Las Vegas-based gambling giant, to develop properties in Connecticut and elsewhere. The first is the MGM Grand at Foxwoods, a new resort casino next to the tribe’s existing casino in southeastern Connecticut set to open in mid-May.
Topics: Lodging |