The sale of the Grand Lucayan Hotel is the beginning of the island’s
resurgence, said Acting Prime Minister, the Hon. I. Chester Cooper,
Minister of Tourism, Investments and Aviation on Wednesday, May 11.
Electra
America Hospitality Group has purchased the property for $100 million
with principals who have a collective 150 years’ experience in the
hospitality industry. The company is also a part of conglomerate with
worldwide assets of $7 billion in capital holdings…
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