September 6, 2023
GRAND LUCYAN HOTEL.
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Grand Lucayan buyer awaiting building go-ahead in early 2026
The Grand Lucayan’s purchaser is expected to receive the necessary permits and approvals to proceed with construction activities during the 2026 first quarter, it was revealed yesterday.
Grand Lucayan power cut amid dispute over who pays overdue electric bill
POWER was briefly cut at the Grand Lucayan Resort on Thursday morning amid a reported dispute over unpaid electricity bills tied to the property’s change of ownership.
No automatic termination for Grand Lucayan’s staff
Grand Lucayan workers will not automatically be terminated when the resort closes to bookings next month and, instead, will be given the option to remain on staff via an employee retention initiative.
Gov’t reveals $120M sale price for Grand Lucayan
THE Davis administration is selling the Grand Lucayan resort and its surrounding property for $120 million to Ancient Waters Bahamas Limited, a Bahamian subsidiary of US-based Concord Wilshire Capital (CWC).
Govt push to sign Grand Lucayan deal by May 15
The Government is moving rapidly to seal the Grand Lucayan’s sale to a $10bn Miami-based developer with hopes for a Heads of Agreement signing as early as this Thursday.
Grand Lucayan facing ‘chilly’ $532k demand
The Grand Lucayan is facing a demand for $532,282 plus loss of income over accusations it left two rented AC chillers “inoperable” due to the poor quality of its water supply.
Miami-based developer ‘to buy Grand Lucayan’
A Miami-headquartered developer boasting $10bn in resort and real estate assets is the potential Grand Lucayan purchaser locked in negotiations with the Davis administration, Tribune Business can confirm.
Lucayan buyer’s $2bn plan eyes knock down
The Grand Lucayan’s potential buyer plans to demolish all its existing properties to make way for three new hotel towers and two casinos as part of an investment that could hit $2bn.
Grand Lucayan buyer hopes ‘positive sign for the island’
The Grand Bahama Chamber of Commerce president said it is “great news” that there are three prospective buyers for the Grand Lucyan hotel, saying this is more positive for the island than has previously been revealed.
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