Search results for : Lucayan

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News Article
July 19, 2022
Govt pleased with progress toward closing Grand Lucayan deal

The 60-day due diligence period for the agreement Lucayan Renewal Holdings Ltd. entered into with Electra America Hospitality Group for the purchase of the Grand Lucayan resort at a cost of $100 million has been extended beyond the July 9 deadline as Electra has a right to another 15 days, according to LRH Chairman Julian ...

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News Article
January 25, 2021
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"...

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News Article
June 22, 2022
Grand Lucayan sale process progressing 'very well'

Minister of Tourism, Investments and Aviation Chester Cooper said yesterday that drafts of the government's heads of agreement and purchase agreement for the sale of the Grand Lucayan resort on Grand Bahama are expected to be reviewed by the Office of the Attorney General this week. He said negotiations with Electra America Hospitality Group are ...

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News Article
June 22, 2022
Design firm seeking to completely 'reposition' Grand Lucayan

OBMI and its design arm UCO Studio have been creating unique concepts for projects across The Bahamas and the world, and are now taking on one of the country's most anticipated redevelopments, the Grand Lucayan resort, the company's principal Eric Ullmann told Guardian Business yesterday.

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News Article
March 11, 2022
PM to review two 'significant offers' for Grand Lucayan

Prime Minister Philip Davis said yesterday that he expects to review two "significant offers" for the purchase of the Grand Lucayan resort by early next week. "The minister of investments, the deputy prime minister, has indicated to me that the bids are in," Davis said when asked for an update on the sale of the ...
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News Article
March 11, 2022
'Credible offers' on table to buy Lucayan

PRIME Minister Philip "Brave" Davis said there are "two significant" offers for the purchase of the Grand Lucayan resort in Grand Bahama that the government is mulling over.

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News Article
May 30, 2022
GB property owners urged to prepare amid Grand Lucayan, cruise port deals

Property owners on Grand Bahama are being urged to act now on property sales and renovations, as the sale and development of the Grand Lucayan resort and the start of construction on the Carnival Cruise Line port are likely to drive many people back to the island, Keys Bahamas Realty Limited's partner and broker Donna ...
The post GB property owners urged to prepare amid Grand Lucayan, cruise port...

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News Article
May 25, 2022
Grand Lucayan purchasers in negotiations with 'world-renowned' casino operator

The purchasers of the Grand Lucayan resort are in negotiations with a "world-class" and "world-renowned" casino operator for the property, Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper revealed yesterday.  "The new, proposed buyers of the Grand Lucayan resort have indicated to us that they have a world-class, world-renown casino operator ...
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News Article
May 20, 2022
Vendors hopeful after sale of Grand Lucayan Resort

MANY vendors at the Port Lucaya Marketplace are optimistic about the sale of the Grand Lucayan hotel alongside the new mega cruise port venture, which are expected to revive Grand Bahama's ailing economy.

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News Article
May 17, 2022
Cooper reveals details of Lucayan deal under Minnis administration

BAHAMAS Port Investment Limited offered to purchase the Grand Lucayan resort from the Minnis administration for $50m and also wanted the former government to provide $100m in cash concessions for redevelopment of the property, Deputy Prime Minister Chester Cooper revealed of the since-binned purchase agreement yesterday.

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