In August 2013 news surfaced that a conditional agreement was signed between the BCB Holdings and Yumi Limited for the sale of Caye Chapel Resort Island, located just twelve miles from Belize City. The agreement was for thirty million US dollars but recent reports gotten from a London-based news agency are that the deal with Yumi Limited, a British Virgin Islands company fell through and so, the 265-acre property is back on the market. According to the report, while BCB Holdings issued a statement confirming the drop-through of the deal, no reason was given but the company did say that they are engaging with potential buyers for the resort island. The Caye Chapel Resort Island which boasts a private airstrip, golf course, marina and five beach front luxury estates is currently the property of BCB Holdings, the parent company of financial institutions operating in Belize and owned by Lord Michael Ashcroft.