ROYAL Caribbean Cruises has announced the acquisition of the Grand Lucayan Resort in the Bahamas as part of a joint venture with the Mexico-based ITM Group. The large-scale resort sold for US$65 million according to The Bahamas Weekly, with development set to take place over the next two-three years to...
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ROYAL Caribbean Cruises has announced the acquisition of the Grand Lucayan Resort in the Bahamas as part of a joint venture with the Mexico-based ITM Group.
The large-scale resort sold for US$65 million according to The Bahamas Weekly, with development set to take place over the next two-three years to build additional five-star hotel accommodation and a water-based family entertainment precinct including dining, gaming and entertainment facilities.
Part of the proposal also features major upgrades to Freeport Harbor to make it a premier cruise destination.
The project is expected to increase cruise ship arrivals to the region and bring an additional two million passengers annually.
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