The Grand Lucayan resort is a classic 1271 room resort on the Bahamian shores of Freeport, Grand Bahama Island. Current owners were ready to sell the property in total or in pieces. Bolin was commission to help create demand and interest in a sealed, no minimum auction bidding process for the property. Bolin traveled on site to capture the beauty of the location and potential for the resort and captured the true selling value of the property.
Baha Mar was a nearby distressed mega-resort that shuttered its doors before they opened.
Neglected facilities had fallen into disrepair.
Global marketplace for potential buyers.
Airlift limitations to Bahamas.
Growth of AirBNB and other.