September 20, 2022
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The Grand Lucayan’s former chairman last night said “I told you so” after the Government admitted the resort’s $100m sale has collapsed and it is now seeking an alternative purchaser.
The Grand Lucayan’s chairman is “moving on to November 15”, the targeted closing date for the hotel’s $100m sale, although he was tight-lipped on whether a binding sales contract has been signed and a deposit paid.
A former Grand Lucayan chairman has urged the Davis administration to “come clean” with the Bahamian people over its efforts to sell the resort after it last week granted a third extension to the buyer’s due diligence time.