Grand Lucayan Resort Complex for Sale in Sealed Bid Auction

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"There are a number of investment opportunities for an interested buyer, from purchasing the resort in its entirety or looking at individual components," said Mike Sullivan, HVS Capital Corp. "Some of those options include expanding and/or relocating the casino, converting additional accommodations to an all-inclusive product or converting some accommodations to vacation or whole ownership."

Located 55 miles from the east coast of Florida, the Grand Lucayan Resort complex, totaling 1,271 guestrooms, includes four hotel elements: the 10-story 528-room Breaker's Cay tower; 198-room Lighthouse Pointe, newly renovated as all-inclusive; and 23 Lanai Suites—all with 12 food and beverage outlets and three swimming pools; plus the 522-room Memories Beach Resort (presently leased to a third-party operator).

"Baha Mar has garnered so much negative resort news for the Bahamas recently," remarked Stan Kozlowski, HVS Capital Corp. "Unlike that situation, we see significantly more favorable economic investment opportunities for Grand Lucayan, no matter what options a potential buyer may consider."

Other amenities include:

Details on the Grand Lucayan Resort including the Sealed Bid Auction are available at grandlucayanauction.com.