Island risk is less of a problem for Chinese investors, than traditional Western names. One reason may be their limited legacy exposure to Caribbean deals. Hong Kong-based Chow Tai Fook Enterprises just committed an undisclosed sum, likely in the billions, to buy the still-unopened Baha Mar. The Bahamian resort is the largest in the region. Another Chinese name is behind the $2.6 billion Pearl of the Caribbean development in St. Lucia. And Beijing has now completed a $730 million highway in Jamaica to link Kingston with the resort area of Ocho Rios; related hotel projects are in the planning stages. The message may be that sub-prime can be enormously profitable. As a sign of investor confidence, there is only limited Sino-Caribbean travel connectivity at this time. Air China flies thrice-weekly between Beijing and Havana. ■
© 2016 Cranganore Inc. All rights reserved.
Unauthorized use and/or duplication of any material on this site without written permission is prohibited.
Image Credit: Ifeelstock at Can Stock Photo.