Miami, Fla.,  – The 2008 CNBC International Property Awards – in association with The New York Times – has awarded Bimini Bay Resort in two prestigious categories, Best Development and Best Marina Development in the Bahamas. Awards will be presented at a glittering gala dinner at the Ritz Carlton in Orlando, Fla., in November 2008.

“Winning this award is truly a sign of success, said CEO of the Capo Group Gerardo Capo.

“Winning not only one, but two CNBC Awards is something we will cherish within our company for a long time to come.”

Among the hundreds of entries received, Bimini Bay Resort won two of the 21 categories awarded and may automatically be entered in the pool to receive the ultimate World’s Best award that will be announced on November 7th at the gala dinner. These awards are part of the world’s largest and most prestigious property competition and winning is a symbol of excellence.

Entries were judged by a panel of international independent professionals, chaired by Eric Pickles MP, British Shadow Secretary of State. Their collective knowledge of the property industry is second to none and unsurpassed by any other property awards.

Capo continues, “We hope that visitors and potential buyers see this award as a symbol of distinction and realize our product is unlike anything else out there.”