Wanted: Buyer for resort in Exuma, Bahamas

Bahamas Prime Minister Hubert Ingraham is hopeful that a buyer will be found for the Emerald Bay resort on the island of Exuma, now that the price is expected to be reduced.
The Emerald Bay hotel and real estate development triggered unprecedented growth in that island's economy, including a residential and construction boom.
Ingraham told the Exuma Chamber of Commerce at the weekend that a group of investors are currently engaged in talks, and more prospects are on the way.
Emerald Bay, which was managed by Four Seasons, is in receivership. Ingraham said the Japan based insurance company, Mitsui, has the ability to sell the property and is willing to drop the price if a commitment's secured to complete the development.
Emerald Bay is sited on a gorgeous, white powder sand beach and has a professional golf course. Several beautiful high end homes were built as a result of the Emerald Bay development, adding a new dimension to real estate on that south eastern island in the Bahamas.
The Exuma Cays (pronounced ‘keys') are a boater's paradise with scores of islets and secluded bays. The chain starts about 40 miles southeast of Nassau and stretches over 90 miles. Emerald Bay is located on Great Exuma. We also have a Coldwell Banker Lightbourn Realty office on Great Exuma.
The Exuma islands are surrounded by crystal clear water that ranges in colour from dazzling turquoise to shimmering greens and cobalt blues. Exuma is also home to the Exuma Cays Land and Sea Park, which is 22 miles long by eight miles wide.