Baha Mar to Begin Construction on $700M Hotel Redevelopment in The Bahamas
What happened
Baha Mar is planning to begin installing pilings for its new $700 million beachfront hotel, which is being built on the site of the former Meliá resort. The company stated that the general contractor for the hotel and luxury branded residences has been appointed, and they are ready to begin construction shortly.
Why it matters
The project, which includes approximately 345 guest rooms and 77 luxury branded residences, is expected to create over 500 permanent jobs. The hotel will join the Baha Mar complex alongside Grand Hyatt, SLS, and Rosewood.
Baha Mar is a luxury resort destination located in The Bahamas.
Who's involved
- Baha MarLuxury resort operator planning a major hotel and residential complex expansion.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Baha MarSpeculative
The successful completion and opening of the new hotel could increase the luxury tourism market share and regional employment opportunities.
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The entities involved
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Baha Mar
hotel and Casino
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