Search results for : Lucayan
Several Developers Interested in Grand Lucayan
Several Developers Interested in Grand Lucayan
ABACO, BAHAMAS - Deputy Prime Minister and Minister of Tourism Chester Cooper hit back at criticism over the sale of the Grand Lucayan Resort.
DPM maintains that progress continues in Grand Lucayan sale
Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper maintained yesterday that progress continues toward the sale of the Grand Lucayan resort in Freeport, Grand Bahama, months after a previous deal collapsed.
DPM: Gov't remaining positive as search for Grand Lucayan buyer continues
NASSAU, BAHAMAS — Government continues to work with several developers interested in purchasing the Grand Lucayan resort and remains positive that it will find the right buyer, Deputy Prime Minister Chester Cooper said yesterday. Speaking with reporters on the sidelines of the official groundbreaking of the Montage Cay development, Cooper said: "We are continuing to [...]
Bowe: Negotiators must consider cost benefit analysis of Grand Lucayan
Finance expert and Chief Executive Officer of Fidelity Bank Gowon Bowe said yesterday the government must consider the cost benefit analysis of the Grand Lucayan resort, as the board of Lucayan Renewal Holdings Limited (LRHL) enters into negotiations with a new purchaser for the property. LRHL revealed earlier this week that it ended negotiations with Electra ...
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GB Chamber on Grand Lucayan deal collapse: We want a meeting with PM
Calling the announcement that the sale fell through of the Grand Lucayan resort on Grand Bahama to Electra America Hospitality Ltd. (EAHL) more than a set back but rather a failure, Grand Bahama Chamber of Commerce President James Carey yesterday urged the prime minister to meet the island's business community. Six months after it announced ...
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Grand Lucayan buyer won't be named until definitive deal sealed
Speaking yesterday about the collapse of the deal he announced in May for the government to sell Grand Lucayan Resort to Electra America Hospitality Ltd. (EAHL) for $100 million, Acting Prime Minister Chester Cooper said the art of making a deal is knowing when to move on, and he indicated the government will not name ...
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Grand Lucayan deal closing put off by two months
Grand Lucayan deal closing put off by two months
Weeks after stating on August 4 that the parties involved in the sale of the Grand Lucayan resort in Freeport have agreed to a 45-day extension to "complete requisite legal documentation", Lucayan Renewal Holdings Limited (LRHL) said on Friday that 45-day extension, which expired on September 15, had been for "due diligence" and, by virtue ...
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Grand Lucayan negotiations 'on track for a successful purchase'
LUCAYAN Renewal Holdings Limited said Friday that negotiations surrounding the sale of the Grand Lucayan in Grand Bahama are progressing towards a successful deal.
Grand Lucayan deal extension runs out
Grand Lucayan deal extension runs out
After several extensions to the due diligence period for the Grand Lucayan resort sale, there is still no indication that the sale of the troubled Freeport property to Electra America Hospitality Group for $100 million will close anytime soon - if at all. Last week Thursday, Lucayan Renewal Holdings Limited (LRHL), the special purpose vehicle ...
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Cooper: Public discourse on Grand Lucayan negotiations not in Bahamians' best interest
Acting Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper explained yesterday that the extended due diligence period given to Electra America Hospitality Group will allow it to continue to collect data on the resort they have agreed to buy and to continue negotiations with the government. He added that saying more publicly about the ongoing negotiat...