According to media Tribune Business, Sunwing and Memories are seeking to team up with Hard Rock International and the Canadian-based Wynn Group, to purchase Freeport’s largest resort property from the Hong Kong-based conglomerate.
While Sunwing, through its Blue Diamond affiliate, would provide the hotel management and operational services, Hard Rock would likely be the casino partner.
The Government has committed USD 2.5million to speeding up repairs on Freeport’s Memories resort, with its operator part of a potential USD 110 million bid to acquire the Grand Lucayan property. Wilchcombe also confirmed the size of the Government investment in accelerating Memories’ re-opening during an interview.
Bahama Prime Minister Perry Christie said the Government had "committed millions of dollars” to ensuring the resort opened by April – just in time for a likely general election.
The Prime Minister did not reveal a dollar figure for how much had been committed, how and for what purpose, but Mr Wilchcombe disclosed some of these details yesterday.
"I think it’s about USD 2.5 million,” Christie said, "to assist in ensuring how we can get things done. We’re trying to move forward the renovations and everything else.”
Source: GMB / tribune242.com
