Harcourt eyeing sale of Royal Oasis

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December 16, 2010

By ALISON LOWE

Business Reporter

alowe@tribunemedia.net

Harcourt Developments, the Irish-based property development company that bought the Royal Oasis hotel in Freeport in 2007, may be in talks to sell the property, the Minister of Tourism and Aviation said yesterday.

Having announced in late 2008 that the economic climate meant it would have to postpone its redevelopment plans for the damaged hotel and former major Grand Bahama employer, Vincent Vanderpool Wallace told Tribune Business yesterday that Harcourt continues to maintain it is not in a position to move ahead with the resort.

"The last time (the Government) heard directly from them was probably about two or three months ag ...

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News date : 12/16/2010    Category : Tribune Stories

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