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Royal Caribbean announces US$300 million investment in Freeport, Bahamas

Royal Caribbean has announced a US$300 million investment in Freeport, Grand Bahama that will redevelop the Freeport cruise ship terminal.

Royal Caribbean will invest a US$300 million to redevelop the Freeport cruise ship terminal in Bahamas. (Photo: Royal Caribbbean)

The investment will bring to Freeport a new world-class destination with a one-of-a-kind hotel, convention centre, a water adventure park and other attractions. The project is being executed by Royal Caribbean’s new joint venture company, Holistica Destinations.

The new project will span two locations including the enhancement and expansion of the port terminal, to be called Harbour Village, and the Lucaya Property, which will be situated at the current Grand Lucayan resort. 

“Our overall vision for this new endeavour is a long-term relationship…essentially a marriage where we will grow together in prosperity welcoming millions of visitors to the destination for years to come.”

– CEO of Holistica Destinations, Robert Shamosh

In March 2019, Royal Caribbean signed a letter of intent with the government of The Bahamas for the purchase of the Grand Lucayan resort and redevelopment of the Freeport Harbour.

The first phase of the Lucaya Property will be a world-class beachfront destination with a 526-room hotel, shopping village, spa and wellness centre. There will be water-based family entertainment including a massive water and adventure theme park a 40,000-square-foot convention centre, adventure activities such as zip lines and off-roading, restaurants and bars, entertainment and lively nightlife. 

The project is being executed by Royal Caribbean’s new joint venture company, Holistica Destinations (Photo: Royal Caribbean)

Harbour Village will be nine miles west of the Lucaya Property, at the cruise terminal in Freeport Harbour. Here, visitors will be able to enjoy numerous spaces with multiple shopping and dining venues, beach areas, shore excursions and more.

There will also be engaging activities for visitors to experience. The new project is slated to be finished in winter 2022.

The development plans for Freeport include a multi-modal transportation hub with infrastructure for water ferries and ground transportation including buses, vans and jeeps. The development projected will be executed with the participation of Bahamian companies. 

Holistica Destinations says it will work closely with local business owners and entrepreneurs as partners with opportunities both at Harbour Village and the Lucaya Property as well as additional shore excursions in Grand Bahama.

The redevelopment project is scheduled to end in winter 2022.

Robert Shamosh, CEO of Holistica Destinations reports that his company knows how to build destinations that bridge an area’s authentic culture for the enjoyment of cruise and land-based travelers in a way they long for, while simultaneously allowing destinations to stay true to themselves in an environmentally conscious way.”

According to Shamosh, “Our overall vision for this new endeavor is a long-term relationship with the community and the government of The Bahamas; essentially a marriage where we will grow together in prosperity welcoming millions of visitors to the destination for years to come.”