By NEIL HARTNELL

Tribune Business Editor

AN ILLINOIS-based investor is eyeing a $20-$30 million investment during the first two phases of its plans to transform the last Hotel Corporation-owned property into an upscale boutique resort, with talks aiming to reach an 'agreement in principle' set to be held as early as this week.

Michael Scott, the Hotel Corporation's chairman, told Tribune Business that with the revised Heads of Agreement for the I-Group's Mayaguana project now behind himself and the Government, he was turning his attention to talks with Scheck Industries over its proposal to redevelop the Andros-based Lighthouse Club.

Suggesting that the current 30-strong Li ...

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