Colliers Hotel Team Secures Significant Mandate

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Colliers Hotels based in Toronto has been engaged to sell a landmark hospitality asset – the 216-acre Grand Lucayan Beach Resort & Casino located in Freeport, Grand Bahama Island, The Bahamas. The ultimate sponsor of the Vendor, the Government of The Bahamas, acquired the Property for US$65 million in September 2018 from Hutchinson Whampoa and is seeking a new investor that will restore operations with renewed investment.

It was Colliers’ real-time brokerage experience in the Caribbean that secured this prominent mandate, with the sale of the Baha Mar Resort in 2017 and British Colonial Properties in 2014 to name a few. The Offering of the Grand Lucayan is generating significant global interest from a range of investor groups, with the coordinated global exposure of our dedicated hospitality and investment professionals worldwide. The investment profile can be downloaded here.

 

 


For More Information, Please Contact:

Robin McLuskie

Managing Director | Hotels

Toronto Downtown

Robin has been with Colliers since 2003 and is responsible for hotel and resort investment sales, business development and client management. As Managing Director of Canadian hotel brokerage operations, she is an industry leader representing Canada's largest hotel owners, focusing on developing long-term client relationships and helping to establish Colliers as the advisor of choice to institutional capital and private investors.

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