Joint venture at Baha Mar, Bahamas

Harrah’s Entertainment, Starwood Hotels and Resorts Worldwide and Baha Mar Resort, have announced a joint investment venture for Baha Mar, located in Nassau in the Bahamas. The plans for the 1,000 acre site include six hotels, a 95,000sq ft casino and a championship golf course. A total of $1.6 billion will be invested in the initial phase. The joint venture structure consists of 56.9% Baha Mar Resorts, 33.3% Harrah’s and 10% Starwood.

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