Harrah's, which acquired Caesar's Entertainment in June, willbuild a 95,000-sf Caesars casino on the site. Starwood will run sixhotels under its Sheraton, Westin, W and St. Regis brand names,including the existing Wyndham Nassau Resort on the property.Development is set to get under way in 2007 and open in 2010.

Privately held Baha Mar Development Co. is the lead investorwith a 56.66% equity stake. Harrah's will put up 33.33% andStarwood the remaining 10%.

The 1,000-acre site will include an 18-hole golf course; a55-foot-high waterfall; and a network of canals connecting thecasino, hotels, and a 50,000-sf retail village. Other amenitiesinclude a free-standing luxury spa facility; an eco-water parkattraction; 175,000 sf of meeting space; and a 20-acre beach andpool area with 3,000 feet of beachfront.

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