Search results for : Lucayan
Grand Lucayan is Important to Us, Says DPM
Grand Lucayan is Important to Us, Says DPM
GRAND BAHAMA, BAHAMAS - The deputy prime minister reassures residents the Davis administration is hard at work restoring and reviving Grand Bahama holistically.
DPM: Three credible offers for Grand Lucayan being vetted
Lucayan Renewal Holdings Limited - the special purpose vehicle created to manage the operations of Grand Lucayan resort and oversee its sale - recently received three "credible" offers for the purchase of the resort, Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper revealed yesterday, adding that he will not say more ...
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DPM: No more talk on Grand Lucayan sale until there is "money in the bank"
NASSAU, BAHAMAS — Deputy Prime Minister Chester Cooper said yesterday that there will be no further public announcements on the sale of the Grand Lucayan Resort until "the money is in the bank." Cooper, the Minister of Tourism, Aviation, and Investments said that three credible offers have been received from entities that have already undergone [...]
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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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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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 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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