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Concord Wilshire shoots down ‘dead deal’ rumours

The Government yesterday teamed with the Grand Lucayan’s purchaser to vigorously assert the deal remains “on track” through plans to develop “two major cruise line resorts” and unveil a demolition and construction start date “within the next two weeks”.

‘We were promised that we would be well taken care of and it hasn’t happened’

SOME employees of Grand Lucayan Resort are now facing growing uncertainty about their future amid impending staff layoffs, accusing the government of leaving them in limbo for months and giving them false hope that caused missed opportunities.

279 Grand Lucayan staff to be let go next week

THE government plans to complete the termination of all 279 Grand Lucayan staff by next week February 27, it has been revealed, as efforts to complete the resort’s $120m sale to Concord Wilshire head into what is likely to be the final stages.

Lucayan staff sent home without pay

Uncertainty deepened for Grand Lucayan Resort workers yesterday after employees were sent home from the government-owned property without pay as concerns also surfaced over access to National Insurance benefits.

Grand Lucayan workers receive overdue pay before Christmas

AFTER weeks of uncertainty and mounting frustration, workers at the government-owned Grand Lucayan Resort began receiving overdue pay this week, days before Christmas.

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.

The Tribune

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