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Article: Crystal Palace becomes Bahamas' largest resort; Carnival's Crystal Palace Hotel Corporation finalizes arrangements for takeover of Cable Beach Hotel.
- Article from:
- PR Newswire
- Article date:
- December 15, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CRYSTAL PALACE BECOMES BAHAMAS' LARGEST RESORT;
CARNIVAL'S CRYSTAL PALACE HOTEL CORPORATION FINALIZES
ARRANGEMENTS FOR TAKEOVER OF CABLE BEACH HOTEL
CABLE BEACH, NASSAU, The Bahamas, Dec. 15 /PRNewswire/ -- Carnival's Crystal Palace Hotel Corporation, a subsidiary of Carnival Cruise Lines Inc. (AMEX: CCL) and operator of Carnival's Crystal Palace Resort & Casino, has concluded arrangements for the takeover of the Cable Beach Hotel from the Hotel Corporation of the Bahamas, a Bahamian government entity. The acquisition of the 700-room hotel positions Carnival's Crystal Palace Resort & Casino as a $250 million mega-resort and the ...