Bahamas baits big spenders in Beijing

Baha Mar Ltd, which bills itself as the largest resort property in the Western Hemisphere, launched its first global roadshow in Beijing on Tuesday, aiming to attract China's billionaires.

The $3.5 billion project, located in Nassau, capital of the Bahamas, is being wholly financed by the Export-Import Bank of China and built by China State Construction Engineering Co Ltd.

Covering 400 hectares, the project includes four luxury hotels and other entertainment and sports facilities. It is expected to be completed in 2014.