Baha Mar is a resort complex on the island of

New Providence New Providence is the most populous island in The Bahamas, containing more than 70% of the total population. On the eastern side of the island is the national capital, national capital city of Nassau, Bahamas, Nassau; it had a population of 246 ...

The Bahamas The Bahamas, officially the Commonwealth of The Bahamas, is an Archipelagic state, archipelagic and island country within the Lucayan Archipelago of the Atlantic Ocean. It contains 97 per cent of the archipelago's land area and 88 per cent of ...

. Owned by

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

–based

Chow Tai Fook Enterprises Chow Tai Fook group is a Hong Kong–based, privately-owned conglomerate with holdings in the jewellery, property development, hotel, department store, transportation, energy, telecommunications, port, casino, and other businesses. Despite the ...

, the establishment opened in April 2017. The amenities include three hotels (a

Grand Hyatt Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vac ...

, SLS Baha Mar, and the

Rosewood Rosewood is any of a number of richly hued hardwoods, often brownish with darker veining, but found in other colours. It is hard, tough, strong, and dense. True rosewoods come from trees of the genus '' Dalbergia'', but other woods are often ca ...

) with a total of 2,200 rooms, 284 private residences, a casino, a spa, and a

Tournament Players Club Tournament Players Club (TPC) is a chain of public and private golf courses operated by the PGA Tour. Most of the courses either are or have been hosts for PGA Tour events, with the remainder having frequently hosted events on the Korn Ferry Tour ...

golf course designed by

Jack Nicklaus Jack William Nicklaus (; born January 21, 1940), nicknamed "the Golden Bear", is an American retired professional golfer and List of golf courses designed by Jack Nicklaus, golf course designer. He is widely considered to be one of the greate ...

. On 30 March 2010, a local Bahamas-based investor and the government announced an agreement on the redevelopment of the resort to help revitalize

Cable Beach Cable Beach is a stretch of white sand beach on the eastern Indian Ocean and the name of the surrounding suburb in Broome, Western Australia. Cable Beach was named after the telegraph cable laid between Broome and Java in 1889. Low cliffs of ...

, 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 China, officially the People's Republic of China (PRC), is a country in East Asia. With a population exceeding 1.4 billion, it is the second-most populous country after India, representing 17.4% of the world population. China spans the e ...

, while construction would be performed by

China Construction America China Construction America () Founded in 1985, China Construction America (CCA) is a subsidiary of China State Construction Engineering Corporation Ltd. (CSCEC) — the world's largest construction and real estate conglomerate and the biggest g ...

and would be using 70% Chinese labor brought in from mainland China. Groundbreaking for the redevelopment took place on 21 February 2011 with the resort opening expected on 27 March 2015. The whole project would eventually cost around US$4 billion. By April 2016, construction was halted for nearly a year with the resort 97% complete following the original investor's

Chapter 11 Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, w ...

bankruptcy filed in 2015 in a Delaware court (sidestepping Bahamas jurisdiction) but dismissed in September. A Bahamian judge subsequently put provisional liquidators in charge. In December 2016, Chow Tai Fook agreed to buy Baha Mar from the Exim Bank. Chow Tai Fook assumed management of the property in March 2017, and completed its purchase in December 2017. The resort initially opened with only one hotel, the Grand Hyatt. The SLS opened in November 2017, followed by the Rosewood in June 2018.

References

Casinos in the Bahamas Resorts in the Bahamas Golf clubs and courses in the Bahamas Hotels in Nassau, Bahamas Casino hotels in the Bahamas {{Bahamas-struct-stub Hyatt Hotels and Resorts

See also

References