Search results for : Lucayan
June 22, 2022
Design firm seeking to completely 'reposition' Grand Lucayan
OBMI and its design arm UCO Studio have been creating unique concepts for projects across The Bahamas and the world, and are now taking on one of the country's most anticipated redevelopments, the Grand Lucayan resort, the company's principal Eric Ullmann told Guardian Business yesterday.
Grand Lucayan sale process progressing 'very well'
June 22, 2022
Grand Lucayan sale process progressing 'very well'
Minister of Tourism, Investments and Aviation Chester Cooper said yesterday that drafts of the government's heads of agreement and purchase agreement for the sale of the Grand Lucayan resort on Grand Bahama are expected to be reviewed by the Office of the Attorney General this week. He said negotiations with Electra America Hospitality Group are ...
May 30, 2022
GB property owners urged to prepare amid Grand Lucayan, cruise port deals
Property owners on Grand Bahama are being urged to act now on property sales and renovations, as the sale and development of the Grand Lucayan resort and the start of construction on the Carnival Cruise Line port are likely to drive many people back to the island, Keys Bahamas Realty Limited's partner and broker Donna ...
The post GB property owners urged to prepare amid Grand Lucayan, cruise port...
May 25, 2022
Grand Lucayan purchasers in negotiations with 'world-renowned' casino operator
The purchasers of the Grand Lucayan resort are in negotiations with a "world-class" and "world-renowned" casino operator for the property, Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper revealed yesterday. "The new, proposed buyers of the Grand Lucayan resort have indicated to us that they have a world-class, world-renown casino operator ...
The post G...
Vendors hopeful after sale of Grand Lucayan Resort
May 20, 2022
Vendors hopeful after sale of Grand Lucayan Resort
MANY vendors at the Port Lucaya Marketplace are optimistic about the sale of the Grand Lucayan hotel alongside the new mega cruise port venture, which are expected to revive Grand Bahama's ailing economy.
May 17, 2022
Cooper reveals details of Lucayan deal under Minnis administration
BAHAMAS Port Investment Limited offered to purchase the Grand Lucayan resort from the Minnis administration for $50m and also wanted the former government to provide $100m in cash concessions for redevelopment of the property, Deputy Prime Minister Chester Cooper revealed of the since-binned purchase agreement yesterday.
May 17, 2022
Scott feels vindicated in stance on original Grand Lucayan deal
With the details of the Minnis administration's deal with Bahamas Port Investments Ltd. (BPI) for the sale of the Grand Lucayan now revealed, former Chairman of Lucayan Renewal Holdings Michael Scott said yesterday that he felt vindicated in his long-held belief that it was "a bad deal" for the Bahamian people.
BPI wanted government mortgage to buy Grand Lucayan
May 16, 2022
BPI wanted government mortgage to buy Grand Lucayan
The final offer given to government by Bahamas Ports Investment Limited (BPI) to purchase the Grand Lucayan Hotel was for $50 million, but asked the government for an upfront $12 million cash credit and a $33 million loan financed by taxpayers, according to Deputy Prime Minister Chester Cooper. Cooper said the government was also asked ...
The post BPI wanted government mortgage to buy Grand Lucay...
May 12, 2022
FNM welcomes Grand Lucayan deal with 'very cautious' optimism
FORMER state finance minister Kwasi Thompson said the announcement that the Davis administration has found a purchaser for the Grand Lucayan is reason for "very cautious" optimism.
May 12, 2022
'Very cautious optimism' on Grand Lucayan sale, says FNM
The Free National Movement (FNM) said while yesterday's announcement of the sale of Grand Lucayan resort to Electra Hospitality Group gives cause for cautious optimism, it will await details of the $100 million agreement. The government announced that it has agreed to a 120-day closing on the sale of the Grand Lucayan to Electra Hospitality ...
The post 'Very cautious optimism' on Grand Lucayan sa...
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