Search results for : Lucayan
Lucayan price tag set at $150m
January 13, 2022
Lucayan price tag set at $150m
MINISTER of Tourism, Investments and Aviation Chester Cooper said the government hopes to sell the Grand Lucayan resort for about $150m, the amount that has already been invested in the project.
Price? All we want is to see Lucayan sold
January 14, 2022
Price? All we want is to see Lucayan sold
GRAND Bahama Chamber of Commerce president Greg Laroda believes that getting the Grand Lucayan resort sold is more important to Grand Bahamians than the proposed price tag of $150m.
Grand Lucayan deal closing put off by two months
September 26, 2022
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 ...
The post Grand Lucayan deal closing put off by two mon...
September 23, 2022
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
September 23, 2022
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 ...
The post Grand Lucayan deal extension runs out appe...
September 21, 2022
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...
FNM calls on govt to complete sale of Grand Lucayan
September 20, 2022
FNM calls on govt to complete sale of Grand Lucayan
The Free National Movement (FNM) yesterday called on the government to conclude the sale of the Grand Lucayan resort. "The decision to extend the closing of the Grand Lucayan is both troubling and disheartening to the residents of Grand Bahama," the FNM said in a statement. "Back in May 2022, and with much fanfare, pomp ...
The post FNM calls on govt to complete sale of Grand Lucayan appeared fir...
Grand Lucayan's Lighthouse Pointe to reopen March 25
February 17, 2021
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) ...
The post Grand Lucayan's Lighthouse Pointe to reopen March 25 app...
August 19, 2022
Athletes not satisfied with Grand Lucayan accommodations have been moved
Minister for Grand Bahama Ginger Moxey said the athletes who were not satisfied with their accommodations at the Grand Lucayan Resort are being accommodated at another property.
August 10, 2022
PM on Grand Lucayan, GBIA deals: We can walk and chew gum
Responding to doubts cast by the opposition and some members of the public that the government will not be able to close the sale of the Grand Lucayan resort until and unless the government follows through with the public-private partnership for the redevelopment and management of the Grand Bahama International Airport (GBIA), Prime Minister Philip ...
The post PM on Grand Lucayan, GBIA deals: We ...
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