Baha Mar, set to open in late 2014, the largest single-phase resort development in the history of the Caribbean and the only one of its kind in the western hemisphere. This 1,000 acre, $3.5 billion resort funded by the Export-Import Bank of China consists of 4 hotels and a 100,000 -square foot casino. This development creating more than 2,200 rooms and first class luxury residences from top brands, Rosewood, Mondrian and Grand Hyatt, and the centerpiece of the project, The Baha Mar Casino and Resort, which includes the largest casino in the Caribbean. Amenities’ include an 18-hole Jack Nicklaus signature golf course, chef branded restaurants, nightclub and entertainment offerings, spas, luxury shopping. Mr. Sarkis Izmirlian, Chairman & CEO said “It will set a new standard for tourism and luxury in the Caribbean and in the Western Hemisphere”.
Within the hotel, the project will include, 307 highly exclusive, ultra-luxurious residential condominiums and villas available for private ownership and since its recent launch in June, 50 units have already been sold. Rick English, Sr. Vice President of Residential Sales for Baha Mar said they have been focused on ‘building excitement’ in global markets, and that “initial interest and sales have exceeded expectations”. With prices starting at $1.2 million, Baha Mar is ‘building excitement’ through its attractive benefits for savvy investors such as, eligibility for permanent residency in the Bahamas, no income tax, waiver from import duties, no real estate taxes. Owners will have the option of year round use for residency, or, be involved with Baha Mar’s rental program, allowing up to 90 days of personal use per year. The rental program allows owners to convert their personal use for credits in which can be used for luxury accommodations vacations at over 300 luxury hotels & resorts worldwide.
Baha Mar has received strong interest from the Middle East, Far East and the U.K since offering the first sales to Chinese buyers. The prices are set to go up at the end of this year and will continue to rise year by year. So get in now, and start using your credits right away for that dream vacation you always wanted.
Contact Estate Agent Tim Rodland