Nassau, The
Bahamas, (Feb. 21, 2011)--Baha Mar, the largest single-phase resort development
in the history of the Caribbean, celebrated the commencement of construction
with its official groundbreaking ceremony on Feb. 21, 2011. The 1,000-acre,
$3.4 billion resort, gaming and entertainment complex, slated to open
in late 2014, will include some of the world's most famous hotel brands,
and is expected to set a new standard of luxury for the hospitality
industry.

In addressing
the large audience, Baha Mar's Chairman and CEO, Mr. Sarkis Izmirlian,
said, "Baha Mar, born from a singular vision, is surprisingly breathtaking
in its magnitude. The vision of Baha Mar started more than 5 years ago
with a plan to deliver an authentic Caribbean experience which combined
the essence and spirit of The Bahamas with the distinction of luxury
resorts...