SLS Hotels will manage the hotel, including 107 residences, under a 20-year management deal.
Baha Mar is SLS’s first international venture, and will complement the brand’s soon-to-open hotels and resorts in Las Vegas, New York, Philadelphia, Seattle, Brickell, Miami and China, as well as its signature hotels in Beverly Hills, California and Miami Beach, Florida.
Baha Mar chairman and CEO Sarkis Izmirlian said that SLS will bring a spark of creativity and fun that fits well with Baha Mar’s distinctive array of brands and partners.
"Sam Nazarian’s ability to be ahead of market trends has differentiated his eclectic hotels, nightlife, restaurants and cutting-edge design and will bring a truly unique experience to Baha Mar guests.
"Also, the company’s experience in creating, selling and managing luxury real estate properties will bring additional value to the SLS Residences at Baha Mar."
Baha Mar, which is scheduled to open in December 2014, is located in close proximity to Nassau’s newly expanded Lynden Pindling International Airport.
The resort features the Baha Mar Casino & Hotel, with 1,000 rooms and a 100,000ft² Las Vegas-style casino.
Baha Mar also includes a 700-room Grand Hyatt at Baha Mar, a 300-room SLS at Baha Mar, and a 200-room Rosewood at Baha Mar.
Amenities include 200,000ft² of combined convention facilities including a 2,000-seat performing arts centre and an art gallery; 40 restaurants and bars; and two spas, including the 30,000ft² destination spa.