The Baha Mar resort project, a significant development in Nassau, Bahamas, had an estimated construction and development cost of $3.5 billion. This substantial investment positioned it as one of the largest hospitality projects in the Caribbean.
The Cost of Baha Mar
The final cost of the Baha Mar project was reported to be $3.5 billion. This figure represents the extensive investment made in developing the sprawling luxury resort complex.
| Aspect | Details |
|---|---|
| Total Development Cost | $3.5 Billion |
| Location | Nassau, The Bahamas |
| Type of Project | Integrated Luxury Resort |
| Original Developer | BML Properties |
Project Scale and Components
Baha Mar is an expansive resort, encompassing a wide array of amenities and accommodations designed to attract international tourism. Its substantial cost reflects the scale and luxurious nature of its components, which typically include:
- Multiple branded hotels (e.g., Grand Hyatt Baha Mar, Rosewood Baha Mar, SLS Baha Mar)
- A large casino, considered one of the biggest in the Caribbean
- An 18-hole championship golf course
- Extensive convention and meeting facilities
- World-class spas, diverse pool areas, and a variety of dining and retail options
- A state-of-the-art water park (Baha Bay)
The project aimed to transform the Bahamian tourism landscape, offering a comprehensive destination experience. For more detailed information on large-scale resort developments, you can refer to Forbes' coverage of such ventures.
Development Journey
The journey of Baha Mar was marked by significant financial and construction challenges, despite its massive investment. The original developer, BML Properties, faced difficulties, leading to the project being nearly complete before encountering bankruptcy issues. This complex history underscores the vast financial commitments and risks inherent in projects of this magnitude. The project's eventual completion and opening under new ownership highlighted the resilience and continued belief in its potential as a prime tourism destination.
