In a strategic investment reflecting the growing allure of cruising, a Miami-based developer is set to invest $827 million to revamp over half of the Grand Lucayan Resort’s expansive beachfront on Grand Bahama Island into a premier destination designed specifically for cruise passengers. This redevelopment initiative, led by Concord Wilshire Capital, comes on the heels of a $120 million agreement signed with the Bahamian government on May 15 to acquire the Freeport property.
The ambitious overhaul will feature a vibrant waterpark and beach area that will host live music, catering to guests from all cruise lines. In addition, amenities like a hotel, casino, and golf course are part of the comprehensive plan. Scheduled for completion in 2028, the entire property will be accessible to anyone willing to pay for entry, although the waterpark is uniquely tailored to meet the needs of cruise travelers, stated Richard Bosworth, a board member for Concord Wilshire Capital’s Lucayan resort and gaming initiative.
“As we assessed the market, it became evident that the cruise sector is a significant driver for the Bahamian economy, particularly in Grand Bahama,” Bosworth remarked. He emphasized the expanding cruise industry, which garners the attention of families, singles, and entertainment-seeking individuals alike. This insight led to the decision to allocate a significant portion of the beachfront to the waterpark, which cruise lines can include as an optional excursion for their guests.
With plans to accommodate over 10,000 passengers daily from multiple vessels, the project signifies a considerable enhancement to the region’s tourism infrastructure.
Rising Appeal of Private Cruise Destinations
This redevelopment aligns with recent industry trends where private island destinations have flourished, offering tailored entertainment and dining options specifically designed for cruise guests looking for diverse land experiences. Royal Caribbean Group’s Perfect Day at CocoCay stands as a flagship example, celebrated as Royal Caribbean International’s top-rated Caribbean destination. Following this trend, the company has plans for a significant expansion with another Perfect Day marking its entrance into the Mexican Caribbean.
While Royal Caribbean had previously proposed a partnership for a cruise destination at Grand Lucayan, this plan was eventually scrapped in 2020. In contrast, Norwegian Cruise Line is currently undergoing a major upgrade for its private Bahamian island, Great Stirrup Cay, with enhancements including a resort-style pool and a Vibe Beach Club. Recently, Disney Cruise Line unveiled Lookout Cay at Lighthouse Point on Eleuthera, expanding its offerings in the region. Furthermore, Carnival Cruise Line is preparing to launch its private destination, Celebration Key, on Grand Bahama in July.
Carnival Corp. expressed optimism regarding the Grand Lucayan proposal, emphasizing collaborative efforts with the cruise industry aimed at bolstering the Bahamian tourism economy. The sentiment aligns with a broader vision of revitalizing the island through strategic engagement.
It’s important to note that the Grand Lucayan will not be a strictly private cruise destination. Bosworth clarified that while catering to cruise guests, the location aims to provide an inclusive entertainment experience valued by visitors of all types. “This project represents more than just conventional leisure; it offers an experiential adventure,” he explained.
In a bid to design the resort around cruise line preferences, Bosworth mentioned consultations with cruise companies to integrate desirable features, such as various aquatic activities, dining options, casino games, and live entertainment throughout the waterfront area. Sections of the development will cater to specific demographics, with designated areas for families and music enthusiasts, ensuring an enriched experience.
The casino will span 25,000 square feet and a world-renowned golf course designed by Greg Norman is in the works. The new hotel will comprise 350 guest rooms along with 120 residential and timeshare units. Additionally, the adjacent 12,000-square-foot Port Lucaya Marketplace is being acquired by Bahamaland Investments and will merge with the Grand Lucayan complex, inviting guests to immerse themselves in local culture without leaving the resort premises.
“While cruise lines will primarily account for daytime visitors, our goal is for this destination to attract hotel guests and island explorers during the evening too,” Bosworth elaborated.
Demolition activities are scheduled to commence this year, with construction anticipated to begin in late 2026 and an official opening targeted for early 2028. The Grand Lucayan Resort, Grand Bahama’s largest hospitality venue, initially opened in 1999 but has faced challenges, suffering extensive damage from hurricanes Matthew and Dorian in recent years. Currently, only the 196-room all-inclusive Lighthouse Pointe Hotel remains operational, while two other hotels, Breaker’s Cay and Lanai Suites, are closed. The redevelopment will initially prioritize the restoration of the remaining sections of the property.
