Chow Tai Fook Enterprises Ltd (CTFE) has announced that it has entered into negotiations in connection with the ownership of Baha Mar. CTFE has applied to the government of The Bahamas for approval as a proposed investor and acquirer of the Baha Mar resort, by way of acquisition of Perfect Luck Assets Ltd, the company to which certain assets of the Baha Mar resort have been transferred.

The Bahamas continues to be a hit among affluent travellers, with nine resorts in the country featuring in Conde Nast Reader’s Choice Awards.