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'Time is of the essence' in closing Andros hotel sale

The Hotel Corporation's chairman yesterday said "time is of the essence" in closing the sale of its last hotel property (Grand Lucayan excepted) to an Andros-based resort developer.

Lucayan on high alert for 'unrest'

The Grand Lucayan will today be placed on high alert due to expected industrial unrest over the termination of 170-plus staff, with its chairman pledging: “I’m going to nip this in the bud.” Michael Scott QC told Tribune Business he will respond wit

Govt earns '$50m net' from Lucayan disposal

The Hotel Corporation’s chairman yesterday blasted that critics of the government’s Grand Lucayan deal have been “left with egg on their face” as it prepares to receive a net $50m from the sale.Michael Scott, who also headed the resort’s board, told

Scott heads list of newly appointed QCs

GOVERNMENT has announced the appointment of five new Queen’s Counsel, including lawyer Michael Scott, Grand Lucayan’s chairman. The remaining appointees include lawyers Cedric Parker, Jean Ferron Bethell, Krystal Rolle and John Wilson. They can now

'Fluid' Lucayan deal targeting year-end close

The government is aiming to close “fluid” negotiations for the Grand Lucayan’s sale by year-end, as its chairman hit out at the “shocking” state of Grand Bahama’s main airport.Michael Scott compared the facility’s current appearance to a “Red Cross r

Lucayan chair 'assured' of mid-December sale close

The Grand Lucayan’s chairman yesterday said he had been “assured” the resort’s sale, and associated harbour project, will be sealed by mid-December, adding: “I think we’re finally getting to the end.” Michael Scott, pictured , told Tribune Business

Lucayan chairman backs govt GB airport control

The Grand Lucayan’s chairman yesterday backed calls for the government to take over ownership of Grand Bahama International Airport from Hutchison Whampoa and the Port Authority.Emphasising that it was his personal opinion, and not government policy,

Dorian may push Lucayan sale to 'just before Xmas'

The Grand Lucayan’s chairman yesterday revealed that Hurricane Dorian might delay the resort’s sale until “just before Christmas”, but pledged: “We’ll get it done.” Michael Scott told Tribune Business that while the category five storm’s impact may

Lucayan chief aims to 'ratchet up' sales talks

The Grand Lucayan’s chairman yesterday said he is aiming to “ratchet up” talks for the resort’s sale given that Freeport needs an “economic booster” more than ever after Hurricane Dorian. Michael Scott, who heads the government-owned vehicle that co

Lucayan chair: 'Calculated conspiracy to embarrass board'

Lucayan Renewal Holdings Ltd (LRHL) chairman Michael Scott yesterday said it was a “calculated conspiracy to embarrass the board” to suggest that the entity was suing the government in its recent Industrial Tribunal proceedings.He was responding to

Tourism chief blasts drive operator's 'rant'

The Tourism Development Corporation’s chair has blasted a dive operator’s “self-indulgent diatribe” over efforts to protect The Bahamas from a “vicious onslaught” over recent shark attacks.Michael Scott told Tribune Business that he took “a very nega

Hotel chief hits out at ‘parasitic’ union leaders

THE Hotel Corporation’s chairman yesterday attacked “some parasitic” union leaders, arguing that their “extortionate, outrageous and crippling methods” pose a threat to The Bahamas’ economic welfare.

'Long way to go' in Grand Lucayan process

WHILE a letter of intent has been signed for proposed new owners to take over the Grand Lucayan, there is a long process ahead.

Lucayan ‘finalists’, union offer under scrutiny this week

The best bids for the Grand Lucayan, and the government’s voluntary separation offer to its managers, will both be discussed tomorrow as efforts to resolve the resort’s future heat up.

Lucayan union ‘feasts on economic tragedy’

The Grand Lucayan’s managerial union has been accused of “feasting on an economic tragedy” by demanding an extra $650,000 payout after the hotel had already upped its offer by $500,000.

Lucayan managers: Board ‘hellbent’ but we dropped by $1m

The Grand Lucayan is “hellbent” on using the wrong formula to calculate staff separation packages for middle managers who were yesterday said to have cut their demands “by over $1m”.

End-of-week payout deal target for 227 Lucayan workers

The Grand Lucayan’s chairman yesterday said he is “aiming” to finalise voluntary separation packages for 227 staff by week’s end, after “substantially” narrowing differences with the unions.

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