Search results for : Lucayan
Govt 'almost there' on Grand Lucayan
July 04, 2017
Govt 'almost there' on Grand Lucayan
The Government feels it is "almost there" in resolving the Grand Lucayan resort's fate, a Cabinet Minister yesterday saying negotiations had reached "a good but very sensitive" stage...
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...
Further extension for Grand Lucayan sale
September 16, 2022
Further extension for Grand Lucayan sale
Lucayan Renewal Holdings Limited (LRHL) announced last night that it has agreed to a further seven-day extension for the due diligence period for the sale of the Grand Lucayan resort in Freeport to Electra America Hospitality Group, which agreed to purchase the property for $100 million from the government of The Bahamas. LRHL, the special ...
The post Further extension for Grand Lucayan sale appe...
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 ...
'Airport key to Lucayan rising again'
August 08, 2022
'Airport key to Lucayan rising again'
THE former chairman of Lucayan Renewal Holdings believes the government must fully commit to redevelopment and reconstruction of the Grand Bahama International Airport in order to successfully conclude negotiations over the sale of the Grand Lucayan resort.
August 05, 2022
Grand Lucayan sale 'on track'; due diligence period extended
The sale of the Grand Lucayan resort to Electra America Hospitality Group is "steadily progressing and on track for completion", the board of directors of Lucayan Renewal Holdings Limited said yesterday. In recent weeks, Opposition Leader Michael Pintard has raised doubts that the project would move forward, noting that the Minnis administration also heard promises from ...
The post Grand Lucayan ...
June 26, 2020
Grand Lucayan begins employee separations 165 will be impacted
The Grand Lucayan Resort. Part of the conditions of the sale of the Grand Lucayan resort to Royal Caribbean International and ITM Group, is a phased separation of the resort's employees, which began on Wednesday, according a statement from Lucayan Renewal Holdings Limited (LRHL), the special purpose vehicle created [...]
The post Grand Lucayan begins employee separations; 165 will be impacted appe...
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