Baha Mar executives and the mega-resort’s contractor, China Construction America, are trying to reach a deal to finish Baha Mar before the end of the year, but they are unlikely to meet that deadline, a source in the administration of Bahamas Prime Minister Perry Christie told the Bahamas Tribune.

The source also told the newspaper that Baha Mar does “not have the cash to finish the project or pay the contractor.”

The Tribune asked Robert “Sandy” Sands, Baha Mar’s senior vice president of external and governmental affairs, about a report that said Christie had negotiated a deal for the Genting Group to purchase 51% of Baha Mar, and Sands “categorically” denied it.

Last week, Travel Weekly reported that Baha Mar pushed back its opening for at least another four months. 

Baha Mar is slated to include the 1,000-room Baha Mar Casino & Hotel, the 707-room Grand Hyatt at Baha Mar, the 300-room SLS Lux at Baha Mar and the 200-room Rosewood at Baha Mar. The project’s fifth hotel and lone pre-existing property, the Melia Nassau Beach, remains open as it completes its renovations and conversion to the Melia at Baha Mar early next year.

A Baha Mar representative declined to respond to a request for comment from Travel Weekly on Tuesday afternoon, while representatives with Hyatt and SLS parent SBE Entertainment declined to comment. A Rosewood representative referred all questions to Baha Mar representatives.

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