Sarkis Izmirlian
Sarkis Izmirlian is a businessman known for his role as the original developer of the Baha Mar resort in The Bahamas. He has been involved in extensive legal battles concerning the resort, particularly against its main contractor, China Construction America (CCA), which has faced allegations of fraud and mismanagement. Recently, Izmirlian's bid for an independent examiner to investigate CCA's dealings was approved by a New Jersey federal bankruptcy court, highlighting his ongoing efforts to seek justice and transparency in the complex bankruptcy proceedings surrounding Baha Mar.
Not in the pool (under ¢1).
Recent news mentions
China Export-Import Bank, the hospital lender, was also the financier for the $4.2bn Baha Mar project during the much-publicised ousting of original developer, Sarks Izmirlian.
Minnis: I’d never agree to China hospital loan terms
Bahamas· 2026-02-10
Sarkis Izmirlian was the original developer of Baha Mar and was awarded $1.8bn in damages in a legal battle.
INSIGHT: Funding agreement for new hospital - what could possibly go wrong?Bahamas· 2026-02-09
Sarkis Izmirlian’s personal involvement helped secure the settlement of his decade-long legal battle with Baha Mar’s main contractor.
US court approves Sarkis’ CCA dealBahamas· 2025-12-03
Sarkis Izmirlian was vindicated by a settlement with China Construction America, clearing his name after being ousted from the Baha Mar project.
First Baha Mar developer ‘vindicated’ by settlementBahamas· 2025-11-27
Sarkis Izmirlian's deal to settle his multi-billion damages award against Baha Mar's main contractor will end the threatened winding-up of two other major Nassau resorts.
Sarkis vindicated in settlement with CCABahamas· 2025-11-27Sarkis Izmirlian has been ordered to resolve his bid to collect on his $1.8bn damages award via mediation.
Sarkis and CCA ordered into mediation on $1.8bn damagesBahamas· 2025-11-18
Sarkis Izmirlian is fighting to use a report in his legal bid to wind-up two resorts in Nassau.
Sarkis fight for proof of British Colonial wind-upBahamas· 2025-10-09Sarkis Izmirlian was awarded $1.642bn in damages by the New York State Supreme Court as the original developer of Baha Mar.
D’Aguilar: CCA trying to ‘wiggle out of paying $1.6bn’Bahamas· 2025-08-18
Baha Mar developer Sarkis Izmirlian had proven fraud claims against CCA 'beyond doubt.'
Christie stands by his govt’s handling of Baha Mar crisisBahamas· 2025-05-16
Sarkis Izmirlian was mentioned alongside Sir Sol Kerzner as a visionary leader in large projects in The Bahamas.
‘Everyone praying this home run’ on Grand Lucayan saleBahamas· 2025-05-14
Sarkis Izmirlian’s bid to block a fresh appeal of his $1.7bn damages award by China Construction America has been rejected by a US court.
Sarkis loses bid to block CCA’s latest $1.7bn challengeBahamas· 2025-05-10
Sarkis Izmirlian is alleging that the US unit of Baha Mar’s contractor booked $96m in debt owed to subsidiaries and affiliates.
Sarkis: CCA booked $96m debt as ‘country club memberships’Bahamas· 2025-04-28Sarkis Izmirlian is the original developer of the Baha Mar resort complex and is pursuing damages against the Chinese contractor.
Sarkis to CCA: ‘Come to your senses’ over $1.7bn damagesBahamas· 2025-04-09
Sarkis Izmirlian is the original developer of the Baha Mar project who has been awarded a damages award against CCA.
CCA urged to pay up $1.7bnBahamas· 2025-04-09
Sarkis Izmirlian is the original developer of the Baha Mar project who was awarded $1.642bn in damages for fraud and breach of contract.
BREAKING: Appeals court upholds Izmirlian $1.642bn damages awardBahamas· 2025-04-08
Sarkis Izmirlian’s bid to have an independent examiner investigate the business affairs of Baha Mar’s main contractor has been approved by the New Jersey federal bankruptcy court.
Sarkis wins bid for ‘examiner’ of CCABahamas· 2025-03-07