Baha Mar
Baha Mar
Baha Mar is a 1,000-acre resort complex on the island of New Providence in the Bahamas, close to its capital Nassau. Owned by Hong Kong-based Chow Tai Fook Enterprises, the establishment opened in April 2017.[1] The amenities include three hotels (a Grand Hyatt, SLS Baha Mar, and the Rosewood) with a total of 2,200 rooms, 284 private residences, a 100,000-square-foot (9,300 m2) casino, a 30,000-square-foot (2,800 m2) spa, and a Tournament Players Club golf course designed by Jack Nicklaus.[2]
On 30 March 2010 an agreement on the redevelopment of the resort was announced between a local Bahamas based investor and the government, in order to help revitalize Cable Beach, the most popular beachfront destination on New Providence Island. The project would subsequently be joined by other investors, which led to it being financed by China Exim Bank, while construction would be performed by China Construction America.[3] Groundbreaking for the redevelopment took place on 21 February 2011 with the resort opening expected on March 27, 2015.[4] The whole project would eventually cost around US$4 billion.[5][6] By April 2016, construction was halted for nearly a year with the resort 97% complete[7] following the original investor's Chapter 11 bankruptcy filed in 2015 in a Delaware court (sidestepping Bahamas jurisdiction) but dismissed in September. A Bahamian judge subsequently put provisional liquidators in charge.[8]