ROYAL CARIBBEAN PLANS TO PARTICIPATE IN NEW BID TO ACQUIRE GRAND LUCAYAN

The Grand Lucayan Resort in Freeport, Grand Bahama.

NASSAU, Bahamas — Royal Caribbean said yesterday that it plans to participate in a new bid process for the purchase of the Grand Lucayan hotel, following the termination of an agreement for the sale of the resort and the redevelopment of the Freeport Harbour, Eyewitness News online reported on Thursday, December 23.

Royal Caribbean said yesterday in a statement: “Royal Caribbean remains committed to working with the government of The Bahamas and the people of Grand Bahama to support the government’s vision for the transformation of the tourism product and offerings in Grand Bahama.”

It added: “Upon learning of ITM’s withdrawal, Royal Caribbean immediately began searching for a new partner with experience as an established operator in the land-based hospitality industry.

“We look forward to participating in the new public bid process for the purchase of the Grand Lucayan once a bid is issued by the government of The Bahamas.

“The transformation of the Grand Lucayan into a premier entertainment resort will complement our plans for the development of a world-class cruise port facility in Freeport to re-establish Grand Bahama as one of the world’s most popular cruise destinations.”

The company said it looks forward to providing regular updates on Grand Bahama, where it is also investing in the $450 million transformation of the Grand Bahama Shipyard, in which it holds a 40 percent stake.

“In addition to investing capital into the revitalization of Grand Bahama, Royal Caribbean is committed to leveraging its millions of customers, international marketing and vast travel partner distribution network to ensure the success of the destination,” the company said. See Eyewitness News online at https://ewnews.com/still-in-the-running-royal-caribbean-plans-to-participate-in-new-bid-to-acquire-grand-lucayan?fbclid=IwAR36bGFLZralakq7EPDV7YhNeA-6WA1mn-R5_6ZBN1-AFhd6_OejFnGLXDY