Grand Lucayan Resort Complex for Sale in Sealed Bid Auction

March 16, 2016

Assets Can Be Sold in Whole or in Parts; No Reserve Price FREEPORT, Bahamas (Mar. 16, 2016) HVS Capital Corp. today announced that the Grand Lucayan Resort complex is being sold in a Sealed Bid Auction. The 409-acre resort is the largest on Grand Bahama Island and the third largest in The Bahamas. The owner, a subsidiary of Hong Kong-based Cheung Kong Property Holdings Limited, has engaged HVS Capital Corp. to act as advisor in the sale. The seller's preference is to sell the Grand Lucayan Resort complex as a single transaction. However, bids for individual assets will be considered. There is no reserve price. Additionally, seller-pro...