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Lucayan purchase ‘a waste of money’

OPPOSITION Leader Philip Davis yesterday stressed the government’s purchase of the Grand Lucayan resort was a “waste of money” without a proper plan to justify how the money would be recouped.

INSIGHT: This pill could end up being too bitter to swallow

FACED with the crumbling of an imminent sale of the Grand Lucayan, the government’s decision to purchase the resort has polarised the public. Some Bahamians have been very vocal in expressing their bewilderment via social media and on local radio talk shows. Concurrently, others have praised the government for its decision to purchase the beleaguered resort and save the jobs of those that would have been affected.

Closure threat forced our hand

TOURISM Minister Dionisio D’Aguilar said yesterday the government was forced to act to save the Grand Lucayan hotel properties because its owner Hutchison Whampoa has been threatening to shut down the property.

‘Lucayan deal must have guest guarantee’

WITHOUT iron-clad agreements in place to ensure private companies will manage the Grand Lucayan resort and bring in guests, it would make no sense for the government to buy the resort, a former Cabinet minister said yesterday.

Minnis to lay out Lucayan proposal

THE Minnis administration is intent on buying the Grand Lucayan resort, despite objections from former Prime Minister Hubert Ingraham.

Wynn Group offer for Grand Lucayan 'unacceptable'

THE Wynn Group’s proposal to purchase the Grand Lucayan hotel in Grand Bahama was “unacceptable to the government” press secretary Anthony Newbold said yesterday.During his press briefing held at the Office of the Prime Minister, Mr Newbold admitted

Govt buying Grand Lucayan?: 'No fear'

Hotel workers “have no fear” over the government’s potential Grand Lucayan acquisition, a union leader yesterday saying it will “never allow” the resort’s closure.Michelle Dorsett, president of the Commonwealth Union of Hotel Services and Allied Work

Govt was 'not hiding' $25m Grand Lucayan equity stake

PRESS Secretary Anthony Newbold yesterday could not explain why ministers failed to discuss the $25m budget for an equity stake in the Grand Lucayan Resort during the budget debate in the House of Assembly last month.“Not really,” he said when asked

'No point lying' - Lucayan deal has been complex

DEPUTY Prime Minister Peter Turnquest has admitted negotiations for the sale of the Grand Lucayan Hotel have been a complicated and difficult process with the four parties at the table.Mr Turnquest – who is on record saying the negotiations were “com

INSIGHT – THE FIRST YEAR: Economy at the heart of Grand Bahama concerns

THE reopening of the Grand Lucayan Resort, the state of the International Bazaar, attracting new investors, and the high cost of living are major issues that are of concern to residents on Grand Bahama.After one year in office, there have been mixed

‘Lucayan sale is still on course’

FINANCE Minister K Peter Turnquest said it is “completely false” for anyone to assert the sale of the Grand Lucayan resort in Grand Bahama had collapsed, adding the deal continues to move forward with all of the involved “big ticket items” already agreed upon.

Grand Lucayan deal edges step closer

ACTING Prime Minister Peter Turnquest has indicated the government is nearer to finalising a Heads of Agreement with new partners in the relaunch of the Grand Lucayan hotel property under a new brand that will revive the island’s tourism sector. Whi

Grand Lucayan LOI signed

PRIME Minister Dr Hubert Minnis announced on Friday that a letter of intent (LOI) has been signed between the owners of the Grand Lucayan hotel strip in Grand Bahama and the Toronto-based Wynn Group.

Offer on table for Grand Lucayan

THE Minnis administration has made an offer to the owners of the Grand Lucayan Resort to purchase the properties in Grand Bahama, press secretary Anthony Newbold said yesterday.

Talks still ongoing over future of Grand Lucayan

PRESS Secretary Anthony Newbold said officials are still in talks over the Grand Lucayan Resort’s sale more than a month after Prime Minister Dr Hubert Minnis revealed the government was negotiating to become temporary joint owners of the hotel in Grand Bahama.

'Who are the partners for Grand Lucayan Resort plan?'

OFFICIAL Opposition Leader Philip “Brave” Davis said Prime Minister Dr Hubert Minnis’ revelation of his administration’s intention to become temporary joint owners of the Grand Lucayan Resort in Grand Bahama raised a lot of questions and lacked trans

Lucaya tenant: Too late for me, I’m off to T&C

The Government’s planned Grand Lucayan intervention has come too late for one Port Lucaya Marketplace tenant, who will close his store on Saturday and move to the Turks & Caicos Islands.

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