Grand Lucayan resort for sale

Discussion in 'Bahamas' started by 80daysworld, Mar 15, 2016.

  1. 80daysworld

    80daysworld New Member

    I heard the Grand Lucayan resort complex in Grand Bahama is for sale today. I believe the resort is still open for business, it's just that it's changing owner's hands. Saying this, once it's sold I wonder what will happen and whether it will stay open. Change of management is never a good thing.
  2. wanderer

    wanderer Moderator

    It seems like a lot of properties have been changing hands lately. I wonder if it is belated fallout from the financial crisis. Anyway, the property is under auction, and bids will be accepted until June 1. They're hoping to keep the property on Grand Bahama Island open and operating in full, but the bankruptcy judge has allowed the property to be sold in parts. We'll have to wait and see what's going to happen. I hope it will be good too, 80days!

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