Search results for : Lucayan
Grand Lucayan had 1 million per month in bills while closed
The Grand Lucayan resort, which is reopening its Lighthouse Point hotel today after one year closed due to the COVID-19 pandemic, has been bleeding $1 million per month while earning no revenue, Chairman of the Board of Lucayan Renewal Holdings Michael Scott, QC said yesterday. Scott, who spoke to members of the media yesterday, outlined ...
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Grand Lucayan sale 'on cusp' of conclusion
Grand Lucayan sale 'on cusp' of conclusion
TOURISM Minister Dionisio D'Aguilar yesterday described the sale of the Grand Lucayan as on the "cusp" of conclusion, more than one year after a sale and Heads of Agreement was signed between the government and purchasers.
Scott: Up to 60 employees will return to work when Grand Lucayan reopens
Lucayan Renewal Holdings Chairman Michael Scott, QC, said yesterday that between 50 and 60 employees will return to work when the Grand Lucayan resort on Grand Bahama reopens later this month. The resort is slated to reopen on March 25. It was initially set to open on February 1 after being closed in March 2020 ahead of ...
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Grand Lucayan's Lighthouse Pointe to reopen March 25
Grand Lucayan's Lighthouse Pointe to reopen March 25
The Grand Lucayan resort will now reopen its Lighthouse Pointe resort on March 25, Chairman of Lucayan Renewal Holdings Michael Scott, QC announced yesterday. The hotel was supposed to open on February 1 after being closed last March ahead of the signing of a heads of agreement for its sale to Royal Caribbean International (RCL) ...
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'We're getting best price possible for Grand Lucayan'
PRIME Minister Dr Hubert Minnis is satisfied his government is getting "the best price possible" for the Grand Lucayan hotel on Grand Bahama, adding negotiations are progressing well.
D'Aguilar: Govt close to deciding Grand Lucayan resort should reopen
The government is still deciding when it should reopen the Grand Lucayan resort, Minister of Tourism and Aviation Dionisio D'Aguilar said yesterday, explaining that he thinks the government is "very close to deciding that it should reopen". D'Aguilar said, however, that the tourism conditions are not ideal, especially since US President Joe Biden's recent suggestion ...
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COVID takes toll on Lucayan deal
COVID takes toll on Lucayan deal
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"...
Michael Scott no longer 'involved' in Grand Lucayan sale negotiations
Chairman of Lucayan Renewal Holdings Michael Scott yesterday said he is no longer involved in the negotiations surrounding the sale of the Grand Lucayan resort. Scott, who was the lead negotiator in the sale of the hotel to Royal Caribbean International (RCI) and ITM Group, and who is also the chairman of the Hotel Corporation ...
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Tourism minister insists Grand Lucayan sale is not a bad deal
Although the principals intend to spend less and take a longer time to begin development, Minister of Tourism Dionisio D'Aguilar said he wouldn't describe the new conditions of the Grand Lucayan sale as "bad" as has been described by Lucayan Renewal Holdings Ltd. Chairman Michael Scott. Last week, Scott described the sale of the Grand ...
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Govt hopes to turn Grand Lucayan over to Holistica Group by end of year
The government is hoping for full turnover of the Grand Lucayan Resort to the Holistica Group by the end of year, according to Minister of State for Grand Bahama Senator Kwasi Thompson, who describes the deal as "hugely important" to Grand Bahama's recovery...