August 21, 2017 9:52 PM ET

Hotels, Restaurants and Leisure

Company Overview of Baha Mar Ltd.

Company Overview

Baha Mar Ltd. owns and operates a luxury resort in Bahamas. Its amenities include a hotel, which includes guest rooms and suites; restaurants and bars that offer food and drinks; lounges and nightclubs; facilities for events, weddings, and meetings; golf and tennis facilities, sanctuaries, pools, and art collections; and a casino that includes table games, slots, race and sports books, tournaments and events, high limit gaming, casino rewards and loyalty programs, and mobile gaming. Baha Mar Ltd. was incorporated in 2010 and is based in Nassau, Bahamas. As of October 2015, Baha Mar Ltd. is under reorganization

Baha Mar Boulevard

P.O. Box CB 10977

Nassau,  

Bahamas

Founded in 2010

Phone:

242-677-9000

Fax:

242-677-9100

Key Executives for Baha Mar Ltd.

President
Senior Vice President of Finance and Corporate Alliances
Chief Operating Officer
President of Global Marketing and Customer Development for The Baha Mar Casino & Hotel
Executive Vice President and General Counsel
Compensation as of Fiscal Year 2017.

Baha Mar Ltd. Key Developments

Baha Mar Announces Opening of The Grand Hyatt Baha Mar

Baha Mar President Graeme Davis announced the official opening of Baha Mar, the $4.2 billion integrated resort development located along the pristine beaches of New Providence in the Bahamas. The first phase opening includes the preview of The Grand Hyatt Baha Mar; Baha Mar Casino; Royal Blue Golf Club; The Baha Mar Convention, Art and Entertainment Center; Peter Burwash International tennis courts and facilities; multiple restaurants, bars and lounges; select ESPA spa experiences; the resort's extensive pool and beach areas and the entry show lakes and fountain shows choreographed to music, film and lights. The distinct East and West Towers of Grand Hyatt Baha Mar consist of 1,800 contemporary rooms including 230 one, two and three bedroom suites. Each guest room offers lavish amenities, contemporary décor and outdoor balconies for guests to enjoy the fresh ocean air and views of the beach, resort pools, dramatic fountain shows and Royal Blue Golf Club. Grand Hyatt Baha Mar manages The Baha Mar Convention, Art and Entertainment Center, the destination's 200,000 square foot indoor and outdoor convention facility, and connects directly to Baha Mar Casino, the large casino in the Caribbean. 20 various bars and restaurants will open in the Grand Hyatt under the leadership of Executive Chef Brent Martin. Grand Hyatt Baha Mar debuts five expansive resort pools for guests, including Blue Hole, inspired by the natural saltwater blue holes of the Bahamas, luxury poolside cabanas and a half mile of pristine sandy beaches. Baha Mar Casino launches as the large casino in the Caribbean, boasting 100,000 square feet of gaming space, more than 1,000 slot machines, 126 table games, race and sports betting, mobile gaming, exclusive high roller gaming salons and sophisticated restaurants and bars throughout the casino floor. The casino's island-inspired design is complimented by natural daylight and breathtaking pool and ocean views. Guests can expect a thrilling yet refined gaming environment at Baha Mar Casino, rivaling the top gaming destinations in the world. The casino features butler service in the high-end gaming areas, high-limit betting and private gaming salons, luxury retail and gourmet culinary and cocktail offerings. Live table games include Black Jack, Roulette, Baccarat and Craps. Baha Mar encompasses a diverse collection of culinary offerings, from full-service and casual dining to pool-side and late-night bars. The assortment of food & beverage from over twelve outlets at Baha Mar will showcase a Caribbean escape with delectable options from morning to night. The first wave of Baha Mar culinary offerings includes Three Tides, a seafood-forward Mediterranean all-day restaurant; The Swimming Pig, a modern riff on the British gastropub; Drift, offering Pan-Latin flavors in a casual setting; Palms, beach-side upscale dining; Conch Shack and Daq Shack, for local Bahamian flavors; Stix Noodle Bar, authentic Chinese; Blue Note, a live jazz bar; Out Island Bar, paying homage to the history of Nassau and Churchill, a rum and cigar lounge. Guests will also delight in craft cocktail offerings throughout the expansive selection of bars, including H2O, Elixir, Bar Noir, and The Lynden. Baha Mar's phase one unveiling is followed by phase two with the debut of SLS in fall 2017 and the final phase will introduce the enhanced and expanded Rosewood Baha Mar in spring 2018.

Baha Mar May Be Sold

Prime Minister Christie said that the Joint Receiver Managers, with the assistance of Colliers Macaulay Nicholls Inc. as their global real estate agent, were charged with pursuing a thorough marketing and sales process designed to identify an optimal purchaser for Baha Mar Ltd. "We were advised that all of the bids were evaluated and rejected and that as a result The Export-Import Bank of China (EximBank) subsequently entered into negotiations with other interested parties," Prime Minister Christie said. "We were subsequently advised by EximBank that after careful consideration, CTF emerged as the best and most qualified buyer."

BMD Holdings Eyes Baha Mar Resort

BMD Holdings Ltd. is seeking to acquire Baha Mar Ltd. The company notified the Export Import Bank of China as well as Prime Minister Perry Christie of The Bahamas that it is prepared to move forward to purchase the Baha Mar resort

Similar Private Companies By Industry

Company Name Region
Albany Americas
Hotel Corporation of The Bahamas Americas
Kerzner International Limited Americas
Newcote International Limited Americas
Old Bahama Bay Resort Americas

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 27, 2016
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