Bahamas’ Grand Lucayan Resort Up For Sale
Photo courtesy of Grand Lucayan
Hong Kong-based Cheung Kong Property Holdings Limited has put the 409-acre Grand Lucayan, Bahamas resort up for sale. The Grand Bahama Island property will be sold through a sealed bid auction, with the deadline for submitting bids set for June 10, said officials at HVS Capital Corp., whom the owners have hired as an advisor in the sale.
Describing the Grand Lucayan as the Bahamas’ third-largest resort, HVS officials said in a statement that the owners prefer to sell the resort “as a single transaction,” yet “bids for individual assets will be considered” and “seller-provided purchase-money financing may be available to appropriate bidders.”
“There are a number of investment opportunities for an interested buyer, from purchasing the resort in its entirety [to] looking at individual components,” said Mike Sullivan, a HVS spokesman. “Some of those options include expanding and/or relocating the casino, converting additional accommodations to an all-inclusive product or converting some accommodations to vacation or whole ownership.”
READ MORE: 10 Reasons to Choose the Grand Lucayan
The Grand Lucayan Resort features 1,271 guestrooms and recently added Lighthouse Pointe, a 198-room all-inclusive wing. The property also includes Breaker’s Cay tower, a 10-story, 528-room wing; and 23 Lanai suites, 12 food and beverage outlets and three swimming pools. The 522-room Memories Beach Resort on the property is currently leased to a third-party operator.
The property also includes a 40,000-square-foot conference center, 50,000 square feet of outdoor function space; a 23,375-square-foot casino with 25 gaming tables and 195 slot machines; a 25,000-square-foot spa and fitness center, two golf courses, four multi-surfaced tennis courts and 15,000 square feet of retail space.
More by Brian Major
Get Travel Deals and Travel News
Recent Travel Opinions
Airlines & Airports
Cruise Line & Cruise Ship