Bahamas to Have the Caribbean´s Largest Destination Resort Ever Built

Baha Mar Resorts is joining Harrah´s Entertainment and Starwood to create the Caribbean´s largest destination resort in the Bahamas

Baha Mar will establish a new blueprint for resort development, representing the largest, single hospitality investment in the region, and creating a unique resort metropolis in terms of its setting, design, operation, and services.

A letter of intent has been signed whereby the three partners will make “cross-property” investments in Baha Mar, a 1,000-acre, mixed-use, one-of-a-kind project to be located in Nassau, Bahamas.

The venture represents a unique structure for the hospitality and gaming industries and calls for a total investment of $1.6 billion for the initial phase.

“The three partners in this ambitious venture share a determination to see that international guests are pleasantly overwhelmed by their experience at Baha Mar,” said Gary Loveman, chairman, chief executive officer and president of Harrah´s Entertainment, Inc.

“This is an opportunity that does not come along very often and we are thrilled to join in this venture and offer guests to the resort a full array of Starwood´s leading brands,” said Steve Heyer, Chief Executive Officer for Starwood. “This one-of-a kind project dramatically accelerates the expansion of our brands in the Caribbean.”