Sandals responds to Bahamas auction notice for Exuma properties
Key Points(4)
- In their response, the company stated, “We are aware of recent media reports suggesting that private properties owned by Sandals in Exuma are slated for auction.
- We wish to state categorically that this is an error stemming from inaccurate records at the Bahamas Department of Inland Revenue.
- We have been assured that the mistake will be rectified and no bids for these properties will be accepted by the Department of Inland Revenue.” The company reaffirmed its commitment to the Bahamas, noting, “Sandals remains fully committed to the Bahamas.
- They were identified to be sold at public auction for unpaid real property taxes, along with several other properties across The Bahamas.
Following the recent legal notice from the Bahamas Department of Inland Revenue about the planned public auction of five “Sandals Beach Units” properties in Farmers Hill, Exuma, Sandals issued a formal statement addressing the matter.
In their response, the company stated, “We are aware of recent media reports suggesting that private properties owned by Sandals in Exuma are slated for auction. We wish to state categorically that this is an error stemming from inaccurate records at the Bahamas Department of Inland Revenue. We have been assured that the mistake will be rectified and no bids for these properties will be accepted by the Department of Inland Revenue.”
The company reaffirmed its commitment to the Bahamas, noting, “Sandals remains fully committed to the Bahamas. We continue to invest heavily in the region and look forward to building on our longstanding partnership.”
The five affected properties were all labeled as “Farmers Hill, Sandals Beach Units” and have assessed values ranging from $1.15 million to $2.7 million, collectively totaling nearly $9.3 million. They were identified to be sold at public auction for unpaid real property taxes, along with several other properties across The Bahamas.
