Meliá Hotels International and Baha Mar Ltd. Announce Meliá at Baha Mar

The Chairmen of Baha Mar Ltd. and Meliá Hotels International have signed an agreement in order to develop all inclusive Meliá, in the luxury leisure development Baha Mar. The $3.5 billion investment comprised of 1,000 acres with more than 3,000 feet of pristine ocean front, is just twelve minutes from Nassau International Airport. Baha Mar, one of the most important destination transformation projects currently taking place in the world, will now include five hotels, private residences, gaming, golf.

The IASB’s Framework defines ‘non-current assets’ as: long-term assets used by firms to generate revenues, that is, assets held for use in the production or supply of goods or services, so from this assumption we can say that this is an article about the acquisition of an asset, more precisely  it is an investment property in this case Mélia Hotel acquires a land where a building with some other installations as complementary non-current assets will be built.

source: http://www.meliahotelsinternational.com/es/sala-de-prensa/19112013/melia-hotels-international-baha-mar-anuncian-bahamas-hotel-melia-baha-mar