Grand Lucayan Resort development revealed
Grand Bahama’s iconic beachfront resort the Grand Lucayan Resort has been sold for $120 million to Miami developer Concord Wilshire Capital.
The new owner said it will undertake a major redevelopment with a total estimated cost of more than $800 million.
It will anchor a cruise ship destination resort complete with hotel, walkable village, residential units, casino and golf course.
The developer says it has formed a strategic alliance with well known brands.
The redevelopment will also include a yacht marina.
There will also be a water park, and access to dive and fishing charters, and boat rentals.
“By reimagining and redeveloping this entire resort, we’re not just creating a destination, but we’re reigniting tourism, and generating local jobs,” Nate Sirang, president of CWC, said.
“We are excited to be a part of the rebirth and transformation of the Grand Lucayan Resort into a vibrant village resort with a sense of place that will enhance Grand Bahama and the Port Lucaya Marketplace,” Peter Hunt, MD of Port Lucaya Marketplace added.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt