Harmony Wilshire Capital (CWC) has finalized the $120 million buy of the enduring Grand Lucayan Resort and the adjoining Reef Golf Course in Grand Bahama, marking the start of an enormous $827 million redevelopment challenge that guarantees to revitalize one of many island’s most celebrated locations.
The acquisition, accomplished throughout a signing ceremony held on Might 15, 2025, transfers possession from the Bahamian authorities to CWC, who plans to rework the 56-acre beachfront resort and 160-acre golf course right into a vibrant mixed-use resort and walkable village. This formidable challenge features a 36-acre cruise ship vacation spot resort designed to accommodate as much as 10,000 passengers each day from any cruise line, a state-of-the-art 25,000-square-foot indoor and poolside on line casino, a branded resort with 350 rooms, 120 residential and timeshare items, a brand new Greg Norman Signature Championship Golf Course spanning 160 acres, and an 18-slip mega yacht marina.
The redevelopment goals to create a world-class customer expertise accessible by each sea and air, with facilities resembling a water park, dive and fishing charters, boat leases, and direct integration with the present Port Lucaya Market — a vibrant procuring and leisure hub that includes 120,000 sq. toes of native outlets. The resort can even hook up with services just like the Port Lucaya Marina and Grand Bahama Yacht Membership, forming a cohesive, dynamic village environment.
“This challenge is not only about rebuilding a resort; it’s about reigniting tourism, creating jobs, and fueling the native financial system,” stated Nate Sirang, President of CWC. “We’re proud to collaborate with Bahamaland Investments to carry this imaginative and prescient to life, enhancing the group and delivering a legacy for Grand Bahama.”
Prime Minister Philip Davis expressed sturdy assist for the challenge, highlighting its function within the island’s sustainable revitalization plan. “CWC’s confirmed observe report offers us confidence within the success of this advanced redevelopment,” he said.
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Development is about to start instantly, beginning with demolition of the present constructions. The event is predicted to generate important employment alternatives for the island’s residents throughout numerous sectors, with plans to retain the present resort workforce.
“This can be a momentous rebirth for Grand Bahama’s hospitality scene,” stated Thomas Dean, CWC Board Member. “We look ahead to welcoming maritime guests and locals alike to a vacation spot not like another in The Bahamas.”
With this transformative challenge underway, the Grand Lucayan Resort is poised to reclaim its standing as a premier Caribbean vacation spot, combining luxurious lodging, expansive facilities, and seamless cruise and yachting entry to ship an unmatched island expertise.
