Concord Wilshire Capital has unveiled plans for a transformative \$827 million redevelopment of the Grand Lucayan Resort, one of Grand Bahama Island’s most iconic properties. The redevelopment follows Concord Wilshire’s purchase of the 56-acre beachfront resort, along with the adjacent 160-acre Reef Golf Course, from the Bahamian government for \$120 million. The acquisition was officially completed on May 15, 2025.
The resort, which has been a notable destination since its opening in 1999, is set to undergo a major overhaul. The investment firm envisions turning the Grand Lucayan Resort into a premier “cruise ship destination resort” that will be open to all cruise lines. The resort will have the capacity to welcome up to 10,000 passengers daily, positioning it as a hub for cruise tourism and solidifying the Bahamas’ status as a top Caribbean destination.
One of the central aspects of the redevelopment is the creation of a massive, 36-acre resort space. The design includes a wide range of world-class amenities and features. A major highlight of the plan is a sprawling 25,000-square-foot casino that will offer both tourists and locals a state-of-the-art gaming experience. The casino will be a key draw, attracting visitors who seek high-end entertainment and leisure.
In addition to the casino, the resort will feature a branded hotel complex that will offer 350 luxurious guestrooms. These rooms will cater to the diverse needs of visitors, from families seeking relaxation to business travelers looking for convenience. The hotel will also include 120 residential and timeshare units, providing long-term accommodation options for those who wish to make the Grand Lucayan Resort their home away from home.
A standout component of the redevelopment will be the introduction of a new Greg Norman-designed golf course. This course will not only offer stunning views of the island but also provide a world-class golfing experience for guests. Greg Norman, renowned for his design expertise and golfing legacy, is expected to bring a unique touch to the layout of the course, making it a standout feature of the resort.
In addition to the golf course, the Grand Lucayan Resort’s redevelopment plans include a thrilling new water park. With attractions for all ages, the water park will be an exciting addition to the resort’s family-friendly offerings, creating an experience that will appeal to a broad range of visitors. Whether for a leisurely day or an adventurous escape, the water park promises to be a central part of the resort’s new identity.
For guests arriving by boat, the redevelopment will also include an 18-slip marina, offering exclusive docking opportunities for yachts and other vessels. This addition will make the resort an ideal destination for seafaring tourists looking to explore the beauty of the Bahamas by water. The marina will be designed with luxury in mind, featuring top-tier amenities and services to accommodate high-end vessels.
Beyond the resort’s main property, Concord Wilshire Capital is working closely with Bahamaland Investments to integrate several nearby attractions into the redevelopment. This includes the revitalization of the Port Lucaya Marina, the Grand Bahama Yacht Club, and the Port Lucaya Marketplace. These additions will not only expand the resort’s footprint but also create a more comprehensive tourism experience for guests. By enhancing the surrounding areas, Concord Wilshire hopes to create a seamless and expansive resort destination that offers everything from high-end shopping to world-class dining, all within walking distance of the resort itself.
This collaboration aims to breathe new life into the local economy, with a focus on enhancing the tourism sector while preserving the natural beauty and culture of the Bahamas. By merging these neighboring attractions with the Grand Lucayan Resort, the development will offer a multifaceted experience that caters to a wide range of vacationers.
Since its opening in 1999, the Grand Lucayan Resort has seen several changes in ownership and branding, but this new phase marks a bold and forward-looking vision for the property. The resort has long been a key player in Bahamian tourism, and with this multi-million-dollar investment, it is poised to reclaim its position as a premier destination in the Caribbean. With its expansive overhaul, the Grand Lucayan Resort will not only attract cruise passengers but also appeal to those seeking luxury, adventure, and an unparalleled resort experience.
The redevelopment of the Grand Lucayan Resort aligns with broader efforts to boost tourism in the Bahamas, especially as the region continues to recover from the economic impacts of global disruptions. By investing in a state-of-the-art, cruise-focused resort with top-tier amenities, Concord Wilshire Capital is betting on a return to the island’s preeminent status in Caribbean tourism.
Concord Wilshire Capital is investing $827 million to redevelop the Grand Lucayan Resort on Grand Bahama Island into a premier cruise destination, set to welcome up to 10,000 passengers daily. The overhaul will introduce luxury accommodations, a casino, a Greg Norman-designed golf course, a water park, and an expanded marina.
As the project moves forward, all eyes will be on the Grand Lucayan Resort’s transformation. With its mix of luxury accommodations, recreational offerings, and prime location, the resort’s new era is set to bring lasting benefits to the local community and the tourism industry at large
Tags: branded hotel complex, Grand Bahama Island The Grand Lucayan Resort
