Baha Mar will suspend all operations until further notice effective March 25, according to Graeme Davis, president.
The closure affects all three properties at the resort complex: the 1,800-room Grand Hyatt, the 299-room SLS and the 237-room Rosewood.
"While the decision to suspend operations is extremely difficult, we are committed to doing what is best for the safety of those in our community," said Davis.
"During this time we will be working with reservation holders to refund or reschedule planned stays," he said.
The resort complex will work with the Bahamas government to help support Baha Mar employees during the closure.