A Bahamian real estate firm, Cross & Mosko Real Estate & Development Company, represented China State Construction America (CCA) in its purchase of the British Colonial Hilton hotel.
Cross & Mosko said the transaction talks included “some complex elements and took over a year from initial discussions to signing”. This included the plan for development of the presently undeveloped land to the west of the hotel.
Daniel Liu, CCA’s senior vice-president, was the lead negotiator. Kevin Cross, of Cross & Mosko, said: “We were very fortunate to have the opportunity to work with Daniel Liu on this acquisition, and we look forward to assisting CCA in the redevelopment project, which is much needed for some depressed locations of the downtown area.”
The British Colonial Hilton deal is the first resort acquisition in the Caribbean by CSCEC. It is part of a long-term investment strategy in the Bahamas.
CCA is a subsidiary of China State Construction and Engineering Company (CSCEC), which is the largest construction company in the world with 2013 sales of $116 billion. It ranks 52ndof Fortune 500 Companies.
Cross and Mosko Real Estate and Development Company was founded in 2011 and focuses on high value real estate sales (including private islands), appraisals and development projects with offices at Lyford Cay House.
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