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The Washington Informer

The Washington Informer

Black News, Commentary and Culture | The Washington Informer

Tag: ITM Group

**FILE** A security guard lowers the Bahamian flag at Fort Charlotte on December 19, 2013 in Nassau, Bahamas. The fort is one of several that remain from the British colonial era. (BRENDAN SMIALOWSKI/AFP/Getty Images)
Posted inInternational

Grand Lucayan Resort Sale Announced

by WI Guest Author April 3, 2019October 31, 2020

A Letter of Intent (LOI) signed by Lucayan Renewal Holdings Ltd. with Royal Caribbean Cruises Ltd. and the ITM Group to begin exclusive negotiations for the purchase of the Grand Lucayan Resort at a price of $65 million has been described as a “game-changer” by one of the principals involved in the negotiations.

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