Baha Mar is a resort complex on the island of New Providence in

The Bahamas The Bahamas (), officially the Commonwealth of The Bahamas, is an island country within the Lucayan Archipelago of the West Indies in the North Atlantic. It takes up 97% of the Lucayan Archipelago's land area and is home to 88% of the ar ...

. Owned by

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

-based Chow Tai Fook Enterprises, 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 vacat ...

, SLS Baha Mar, and the

Rosewood Rosewood refers to any of a number of richly hued timbers, often brownish with darker veining, but found in many different hues. True rosewoods All genuine rosewoods belong to the genus ''Dalbergia''. The pre-eminent rosewood appreciated ...

) 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. 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 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, while construction would be performed by China Construction America 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 March 27, 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, wheth ...

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 {{Bahamas-struct-stub