The Government of The Bahamas will acquire the Grand Lucayan with the intention of saving jobs and energizing spinoff employment for Grand Bahamians. Prime Minister Dr. the Hon. Hubert Minnis made the announcement on Wednesday, August 22, 2018 during a media briefing after an extensive tour of the Grand Lucayan, accompanied by Cabinet Ministers and government officials. The Prime Minister revealed that his government made a $10 million deposit on the $65 million purchase price. The sales agreement has been signed and the government will work to complete the purchase within the next 30 days. Prime Minister Minnis said when the House of Assembly resumes in September, a full, detailed report will be provided on the purchase of the property. He emphasized, “It is not our intention to run a hotel. The government cannot run a hotel. But it is our intention to save the jobs of the (400) Grand Bahamians who work in this hotel.” Photos show the tour of the Grand Lucayan, which was conducted by the resort’s General Manager, Veronica Clarke; the media briefing; and a stop at Port Lucaya Marketplace, where the delegation chatted with vendors.
More images from the tour below: