Grand Lucayan Resort development revealed

Tuesday, 20 May, 2025 0

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.



 

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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.



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