PROPERTY GROUP Harcourt Developments is said to be considering the sale of a Bahamas resort it bought in 2007 but left undeveloped because of the property market collapse.
Harcourt bought the hurricane-damaged Royal Oasis hotel, casino, golf course and timeshare complex on Grand Bahama for €25 million in November 2007. At the time, it pledged to spend about €250 million redeveloping and reopening it.
However, the property market collapse intervened and the company has yet to redevelop and reopen the resort.
According to recent reports, the Irish group has told the Bahamian government that it has had talks with potential buyers, although it has not received any offers for the property.
