NASSAU, Bahamas Oct. 18 -- (PRNewswire) -- Baha Mar Ltd. announced today that it has signed a Letter of Intent with Hyatt Hotels Corporation to operate and manage the planned 700-room Grand Hyatt to be included as part the destination resort metropolis,

Baha Mar Resort.
   Baha Mar Ltd. also selected Hyatt as its timeshare partner in the
project, which will initially include 50 units as part of the first
phase, with plans for expansion in subsequent phases.
Baha Mar
previously announced a plan to shift its strategy away from aligning
with a single family of hotels, towards one that allows it to work with
multiple, best-in-class brands giving Baha Mar an opportunity to feature
the very best brands for each of the different high-end hotel segments
planned for the property...