Baha Mar Spearheads Bahamas’ Transformation with $700M Resort Expansion
The Bahamas is redefining itself beyond a mere tourism hotspot, as Baha Mar announces a colossal $700 million expansion project at Nassau’s Cable Beach. This groundbreaking event, held in mid-February 2026, signifies a strategic shift towards attracting global wealth and long-term residents with the addition of 345 luxury guest rooms and 77 branded residences to the Caribbean’s leading integrated resort.
The design, a brainchild of the globally acclaimed architectural firm Foster + Partners, mirrors a wider trend in Caribbean development. The focus is shifting from traditional vacation spots to hybrid assets that merge hospitality with luxury residential offerings. In the words of Bahamas Prime Minister Philip Davis, this investment is “a signal to the world that our economy is steady, our tourism sector is growing, and our country is moving in the right direction.”
With the creation of an estimated 1,400 new jobs, the project will augment Baha Mar’s existing workforce of over 5,300 Bahamians. Industry experts highlight that this development symbolizes the Caribbean’s transition from purely leisure-focused destinations to sophisticated wealth hubs. These hubs cater to ultra-high-net-worth individuals by offering jurisdictional diversification along with world-class amenities.
- The region’s largest casino
- Championship golf
- Over 45 dining venues
Source: News Americas Now