Baha Mar Resort in the Bahamas will be the Caribbean's largest destination resort. Baha Mar located in Nassau, Bahamas on a 1,000- acre site – Baha Mar will cost more than $2 billion. Its a joint venture 57% owned by Baha Mar Resorts Ltd. and 43% by a subsidiary of Harrah's Entertainment. The joint venture partners will also be Starwood hotels has committed to operate hotels under its W, St. Regis, Westin and Sheraton brands at Baha Mar,
Baha Mar Bahamas will bring a new large scale development to Nassau's Cable Beach area of New Providence Island. Construction is set to begin in 2007 and the phase one is scheuled to open in 2011.