Lighthouse Point Port Summary
The Bahamian Government approved the sale of Lighthouse Point to Disney Cruise Line on October 19, 2018. Research suggests Disney purchased the property from a partnership between Meritage Hospitality Group and The Related Group who announced plans to develop a Lighthouse Point in early 2008.
At the time, the approved development plans called for a luxury resort with golf course. George Baker, a Bahamian businessman and former member of the Bahamian House of Assembly was the owner prior to Meritage Hospitality Group's acquisition of the property for an undisclosed amount.
Lighthouse Point was last listed for sale for $20 Million when news first surfaced Disney's interest in May of this year. It has been reported, the pier alone will be a $250 billion-dollar project.
On March 11, 2019 Disney completed the Lighthouse Point purchase and signed a Heads of Agreement with the Bahamian Government.
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