COVID takes toll on Lucayan deal

Mon, Jan 25th 2021, 07:54 AM

OFFICIALS are still reviewing a proposed post-COVID deal by Royal Caribbean and the ITM Group for the sale of the Grand Lucayan resort, according to State Minister for Finance Kwasi Thompson who lamented that the terms are “not as favourable as before”.

Meanwhile, he said a final decision on whether the resort in Grand Bahama will reopen next month will be made shortly.

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