Search results for : Lucayan
Grand Lucayan buyer identified, DPM says
May 02, 2022
Grand Lucayan buyer identified, DPM says
Minister of Tourism, Investments and Aviation Chester Cooper yesterday confirmed that the government has identified a buyer for the Grand Lucayan resort on Grand Bahama, but he did not reveal which bidder has been selected. Cooper, who is also deputy prime minister, said additional details will be provided in "a few days". The government ended ...
The post Grand Lucayan buyer identified, DPM says ...
May 02, 2022
ADO Tours Lucayan Produce, Farming support NGO continues fact-finding mission to explore what works, what doesn’t for farms of all sizes
Farms, like just about everything else, come in all sizes and shapes. And like other items that come in various forms, what works for one may not work for all.
“That’s what we are learning as we go along,” says Philip Smith, Executive Chairman of the Agricultural Development Organization, the recently launched non-government organization formed to support farming and the culture of self-s...
We still await transparency on Grand Lucayan
May 11, 2022
We still await transparency on Grand Lucayan
The government of The Bahamas is today expected to sign an agreement with an American company to purchase the troubled Grand Lucayan Resort in Freeport, an ultimately $200 million albatross that has hung around the necks of the Bahamian taxpayer since August 2018, if estimates stated by the tourism minister are accurate. The news of ...
The post We still await transparency on Grand Lucayan appeare...
May 11, 2022
Govt enters agreement with American company for Grand Lucayan sale
Lucayan Renewal Holdings Ltd. has entered into an agreement with Electra America Hospitality Group for the purchase of the Grand Lucayan resort at a cost of $100 million, Deputy Prime Minister and Minister of Tourism, Aviation and Investments Chester Cooper announced today. "Today is the beginning of the renaissance and rebirth of Grand Bahama island," Cooper ...
The post Govt enters agreement wit...
Agreement for $100m sale of Grand Lucayan Resort
May 11, 2022
Agreement for $100m sale of Grand Lucayan Resort
ELECTRA America Hospitality Group has made a $100M purchase offer for the Grand Lucayan Resort at Grand Bahama.
May 12, 2022
Govt hoping Grand Lucayan sale will trigger other investments
The government is hoping that the $100 million sale of the Grand Lucayan resort will trigger a spree of other significant investments for the island of Grand Bahama, Deputy Prime Minister and Minister of Tourism, Aviation and Investments Chester Cooper said yesterday as he addressed the economic impact of the sale on the island.
May 12, 2022
'Very cautious optimism' on Grand Lucayan sale, says FNM
The Free National Movement (FNM) said while yesterday's announcement of the sale of Grand Lucayan resort to Electra Hospitality Group gives cause for cautious optimism, it will await details of the $100 million agreement. The government announced that it has agreed to a 120-day closing on the sale of the Grand Lucayan to Electra Hospitality ...
The post 'Very cautious optimism' on Grand Lucayan sa...
A new deal for Grand Lucayan
May 12, 2022
A new deal for Grand Lucayan
FREEPORT, Grand Bahama —The government has agreed to sell Grand Lucayan resort on Grand Bahama to Electra America Hospitality Group for $100 million, Acting Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper announced yesterday, adding that 2,000 construction jobs and 1,000 permanent jobs will be made available as a result. Electra has ...
The post A new deal for...
May 12, 2022
FNM welcomes Grand Lucayan deal with 'very cautious' optimism
FORMER state finance minister Kwasi Thompson said the announcement that the Davis administration has found a purchaser for the Grand Lucayan is reason for "very cautious" optimism.
BPI wanted government mortgage to buy Grand Lucayan
May 16, 2022
BPI wanted government mortgage to buy Grand Lucayan
The final offer given to government by Bahamas Ports Investment Limited (BPI) to purchase the Grand Lucayan Hotel was for $50 million, but asked the government for an upfront $12 million cash credit and a $33 million loan financed by taxpayers, according to Deputy Prime Minister Chester Cooper. Cooper said the government was also asked ...
The post BPI wanted government mortgage to buy Grand Lucay...
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