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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.

Paul Johnson

Paul Johnson is Editor of A Luxury Travel Blog and has worked in the travel industry for more than 30 years. He is Winner of the Innovations in Travel ‘Best Travel Influencer’ Award from WIRED magazine. In addition to other awards, the blog has also been voted “one of the world’s best travel blogs” and “best for luxury” by The Daily Telegraph.

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