March 2, 2020
The government and Bahamas Port Investments Ltd signed a Heads of Agreement for the purchase of the Grand Lucayan on Monday.
Seated at left are Royal Caribbean International President and CEO Michel Bayley and CEO of ITM Mauricio Hamui, representing the Developer; Secretary to the Cabinet Camille Johnson (second right) and Director of Investments Candia Ferguson. Standing from left: Minister Iram Lewis, Minister of State Kwasi Thompson, Deputy Prime Minister Peter Turnquest, Prime Minister Hubert Minnis, and Minister Dionisio D'Aguilar. (BIS Photo/Yontalay Bowe)
Stories this photo appears in:
Grand Lucayan purchase deal signed – mega-investment on the way
THE purchase deal for the Grand Lucayan resort was signed on Monday, setting plans in motion for a $300m investment development by the Royal Caribbean International and ITM Group to transform Grand Bahama and revive its beleaguered economy.
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