Freeport, Grand Bahama, May 15, 2025
Exciting announcements:
$827 million investment
1750 permanent jobs
1300 construction jobs
Seven-pronged vision includes cruise friendly hotel; redesigned Greg Norman signature golf course; marina; convention space; new pool casino; and refurbished Port Lucaya marina which is being acquired in the deal.
ZNS reported that “money is in the bank” according to Chester Cooper, the investment and tourism minister.
Packed room to hear the announcement of the new Lucayan Hotel which will shutter in order to accommodate the redevelopment.
Staff to be supported during this time.
There is skepticism but also optimism as this deal feels more real than previous two and is touted as a solid fit.
Curt Hollingsworth, Bahamas Consul General based in Florida gets an admirable, honourable mention as being the one to introduce Steve Sirang to the Prime Minister.
Grand Bahama Minister Ginger Moxey described the momentous occasion this way, “I proudly witnessed the signing of the Heads of Agreement
for the sale and redevelopment of the Grand Lucayan Resort to Ancient Waters Bahamas
Limited, wholly owned by Concord Wilshire Capital, LLC. Concord Wilshire is widely
known for stellar and award-winning developments.”
A third event is slated for Port Lucaya Marketplace; it follows the signing and a reception on the Great Lawn of the resort and mock demolition of the luxury lanai suites.
▪️A Magnetic Media report▪️
Photo is a screenshot of ZNS Live coverage
