Morristown, New Jersey / Nassau, The Bahamas — The U.S. Bankruptcy Court in New Jersey has approved a comprehensive agreement resolving all legal proceedings related to the construction of the Baha Mar resort, CCA Construction, Inc. announced.
The resolution involves CCA Construction, Inc. (CCA), its subsidiaries CCA Bahamas Ltd. (CCAB) and CSCEC Bahamas, Ltd. (CSCECB), and BML Properties Ltd. (BMLP). The agreement brings an end to litigation in both the United States and The Bahamas stemming from the long-running Baha Mar construction dispute.
“We are pleased that the Court has approved this resolution, which allows us to focus exclusively on delivering world-class construction projects and hospitality operations worldwide,” said Yan Wei, Chairman and CEO of CCA. “We are grateful for the continued support of our customers, employees, and partners as we move forward.”
Under the terms of the agreement, BMLP has withdrawn all claims against CCA, CCAB, and CSCECB and their affiliates, with no admission of liability by any party. CCAB will retain its ownership interests in the British Colonial Hotel and Margaritaville Beach Resort, assets the company says will continue to generate long-term benefits for the Bahamian community.
The court-approved settlement marks a significant milestone in the Baha Mar legal proceedings resolution, allowing all parties to move forward and focus on future development and operations.
About CCA Construction, Inc.
CCA Construction, Inc. operates primarily across the U.S. East Coast and Gulf Coast regions. The company provides a wide range of services, including program management, construction management, general contracting, design-build solutions, and public-private partnerships (PPP) for both public and private sector clients. CCA is known for delivering complex commercial, residential, educational, industrial, and heavy construction projects.
