GRAND LUCAYAN’S NEXT OWNER: Bidders for beleaguered resort to be shortlisted over next several days

Royal Caribbean abandoned plans to acquire resort NASSAU, BAHAMAS — Tourism, Investments and Aviation Minister Chester Cooper said yesterday that with several “very credible” offers having been submitted to purchase the Grand Lucayan resort, the process of shortlisting those bidders will be undertaken over the next several days. Speaking to the issue yesterday, Cooper said: […]

ANOTHER DEFEAT: Hotelier laments loss of ‘real driving force’ over Sunwing exit as Grand Lucayan deal terminated

D’Aguilar: I hold no ill will and I hope to hell govt finds a buyer Cooper: We do not plan to belabor this process NASSAU, BAHAMAS — A Grand Bahama hotelier yesterday said the island’s tourism sector lost the only real driving force it had for 15 to 20 years after Sunwing’s exit post-Hurricane Matthew, […]

‘WE GOT SCREWED’: Former tourism minister laments failed Grand Lucayan MOU

D’Aguilar suggests country’s time was wasted NASSAU, BAHAMAS — Former Minister of Tourism and Aviation Dionisio D’Aguilar today blamed the failed Grand Lucayan deal on the inability of the Freeport Harbour Company to “strike a deal” with Royal Caribbean Cruise Lines (RCL) and ITM Group. His comments come as Minister of Tourism, Investments and Aviation […]

FULL SPEED AHEAD: Grand Lucayan deal still pushing forward, Royal Caribbean CEO assures

D’Aguilar: “We’re at the cusp of getting this [deal] done” NASSAU, BAHAMAS — Royal Caribbean International’s president and chief executive yesterday assured that its purchase of the Grand Lucayan resort through its joint venture with the ITM Group is moving “full speed ahead”, with an announcement on the deal said to be coming soon. Michael […]

“Life is about risks”, D’Aguilar says about Grand Lucayan

Government’s $65 million acquisition of the Grand Lucayan resort will not include the three properties on the hotel strip, according to Minister of Tourism Dionisio D’Aguilar. D’Aguilar revealed during government’s recent tour of the struggling Grand Bahama property, that while the Lighthouse remains open, the government will only be making repairs to and opening the […]

Grand Lucayan owners hold on to insurance money

Had Grand Lucayan hotel owners Hutchinson Whampoa reinvested the insurance monies it received into the property following the 2016 hurricanes, the resort might have remained open.   That, according to Tourism Minister Dioniso D’agular who stated on Wednesday that government remains optimistic that partnerships that once existed with the Memories Resort at Our Lucaya including the Sunwing […]