CCA Construction, CCA Bahamas and CSCEC Bahamas announce comprehensive resolution of all Baha Mar Legal proceedings
Summary
CCA Construction, CCA Bahamas and CSCEC Bahamas have reached a comprehensive settlement with BML Properties to end a decade of litigation over the construction of the Baha Mar resort in Nassau. The agreement follows an October 2024 New York Supreme Court ruling that awarded BML more than $1.6 billion. Under the deal, BML will drop all claims in the United States and The Bahamas against CCA, CCAB and CSCECB and their affiliates, with no admission of liability by the defendants. The settlement is subject to approval by the US Bankruptcy Court in New Jersey. CCAB will retain ownership interests in the British Colonial and Margaritaville Beach Resort hotels. The parties say resolving the dispute allows them to focus on operations, employees and the long-term economic benefits for The Bahamas.
Key Points
- Comprehensive settlement reached between BML Properties and CCA/CCAB/CSCECB, ending decade-long legal disputes over Baha Mar.
- The deal follows an October 2024 New York Supreme Court award of over $1.6 billion to BML.
- BML will drop all claims in the US and The Bahamas; the defendants make no admission of liability.
- The agreement is subject to approval by the US Bankruptcy Court in New Jersey.
- CCAB retains ownership stakes in the British Colonial and Margaritaville Beach Resort hotels.
- CCA pursued Chapter 11 protection and appeals in parallel while defending stakeholder interests.
- Parties emphasise the resolution clears the way for economic stability and renewed focus on hospitality and construction operations in The Bahamas.
Context and relevance
This settlement brings a close to high-profile, multi-jurisdictional litigation that has affected investors, creditors, construction firms and the Bahamian tourism sector for years. Ending the dispute should reduce legal uncertainty, free up management attention and could influence how large international construction disputes and bankruptcy strategies are handled in similar large-scale hospitality projects.
Why should I read this
Because if you follow Caribbean hospitality, big construction deals or cross-border litigation, this is the tidy wrap-up of a saga that’s been dragging on for a decade. Big award, big settlement, hotels stay in play and court sign-off is the final step — short, sharp and worth knowing so you don’t have to trawl through court filings yourself.