Search results for : Lucayan

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News Article
May 12, 2022
A new deal for Grand Lucayan

FREEPORT, Grand Bahama —The government has agreed to sell Grand Lucayan resort on Grand Bahama to Electra America Hospitality Group for $100 million, Acting Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper announced yesterday, adding that 2,000 construction jobs and 1,000 permanent jobs will be made available as a result. Electra has ...
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News Article
May 12, 2022
Govt hoping Grand Lucayan sale will trigger other investments

The government is hoping that the $100 million sale of the Grand Lucayan resort will trigger a spree of other significant investments for the island of Grand Bahama, Deputy Prime Minister and Minister of Tourism, Aviation and Investments Chester Cooper said yesterday as he addressed the economic impact of the sale on the island.

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News Article
May 11, 2022
Agreement for $100m sale of Grand Lucayan Resort

ELECTRA America Hospitality Group has made a $100M purchase offer for the Grand Lucayan Resort at Grand Bahama.

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News Article
May 11, 2022
Govt enters agreement with American company for Grand Lucayan sale

Lucayan Renewal Holdings Ltd. has entered into an agreement with Electra America Hospitality Group for the purchase of the Grand Lucayan resort at a cost of $100 million, Deputy Prime Minister and Minister of Tourism, Aviation and Investments Chester Cooper announced today. "Today is the beginning of the renaissance and rebirth of Grand Bahama island," Cooper ...
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News Article
May 11, 2022
We still await transparency on Grand Lucayan

The government of The Bahamas is today expected to sign an agreement with an American company to purchase the troubled Grand Lucayan Resort in Freeport, an ultimately $200 million albatross that has hung around the necks of the Bahamian taxpayer since August 2018, if estimates stated by the tourism minister are accurate. The news of ...
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News Article
May 02, 2022
ADO Tours Lucayan Produce, Farming support NGO continues fact-finding mission to explore what works, what doesn’t for farms of all sizes

Farms, like just about everything else, come in all sizes and shapes. And like other items that come in various forms, what works for one may not work for all.

“That’s what we are learning as we go along,” says Philip Smith, Executive Chairman of the Agricultural Development Organization, the recently launched non-government organization formed to support farming and the culture of self-s...

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News Article
May 02, 2022
Grand Lucayan buyer identified, DPM says

Minister of Tourism, Investments and Aviation Chester Cooper yesterday confirmed that the government has identified a buyer for the Grand Lucayan resort on Grand Bahama, but he did not reveal which bidder has been selected. Cooper, who is also deputy prime minister, said additional details will be provided in "a few days". The government ended ...
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News Article
April 06, 2022
Buyer chosen for Grand Lucayan 'by end of month'

DEPUTY Prime Minister Chester Cooper anticipates that the government will choose a buyer for the Grand Lucayan resort by the end of this month, after which a contract for the purchase of the hotel will soon be executed.

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News Article
April 06, 2022
Grand Lucayan buyer 'by end of month'

The government intends to choose a buyer for Grand Lucayan resort on Grand Bahama by the end of the month, Minister of Tourism, Investments and Aviation Chester Cooper said yesterday, adding that redevelopment of the property could employ as many as 1,000 people. Cooper said the government is reviewing three substantial offers from potential buyers. ...
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News Article
March 29, 2022
Protracted struggle for vendors, others as govt hopes to shortlist Grand Lucayan bidders

FREEPORT, Grand Bahama — Deputy Prime Minister Chester Cooper said on Friday the government hopes to whittle down its list of bidders for the sale of the Grand Lucayan resort to the top three within the next two weeks. For individuals who work in the nearby Port Lucaya Marketplace, the long-awaited sale can't come soon ...
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