The rumor mill is swirling with the possibility of Royal Caribbean eyeing a new resort in Freeport, Bahamas as part of a bigger plan to revamp the harbor.
Prior to the cruise industry shutting down in 2020, Royal Caribbean announced plans for redeveloping Freeport's harbor and create a combination new port and resort. Those plans fell through during the shutdown.
There's now word of a potential purchase of the Xanadu Beach Hotel in Freeport as part of plans to develop a resort and water park destination, according to The Tribune report.
According to "multiple well-placed sources", Royal Caribbean is in talks with the property owner to buy the line, and that negotiations towards an offer being made by the cruise line.
Royal Caribbean has made no announcement, nor have they confirmed or denied the original report.
The deal could cover an area of 40-50 acres, which would be tied to redeveloping Freeport's harbor.
One source indicated that the project could be used by sister brand Celebrity Cruises as well.
The Xanadu Beach Hotel was built in 1968 and then purchased by Howard Hughes in 1972. Mr. Hughes lived at the hotel until just before his death in 1976.
It was an escape for Hollywood stars, and included 215 rooms and an 80 slip marina. Stars such as Frank Sinatra, Dean Martin, and Lucille Ball visited there.
It closed in 2011.
The original Freeport plan
The original plan for the cruise giant was to purchase the Grand Lucayan resort in Freeport, and tie that to a harbor deal.
Royal Caribbean had about 20 projects on the drawing board prior to the global health crisis, including the Freeport project.
Under the deal announced in 2020, there were to be two locations that included a port terminal and the Grand Lucayan hotel.
The first phase of the Lucaya Property would have been a beachfront destination with a 526-room hotel, shopping village, spa and wellness center, water-based family entertainment including a massive water and adventure theme park, a 40,000-square-foot convention center, adventure activities such as zip lines and off-roading, restaurants and bars, entertainment and lively nightlife.
The enhancement and expansion of the port terminal, to be called Harbour Village, would have been nine miles west of the Lucaya Property, at the cruise terminal in Freeport Harbor. Here, visitors would have been able to enjoy numerous spaces with multiple shopping and dining venues, beach areas, shore excursions and more.
The plan was for it to be finished in winter 2022.
Freeport still an option
It remains to be seen if a deal to purchase the Xanadu property will happen, or if a Freeport project in general will continue, but it seemed like the cruise line is still eyeing the possibility.
In March 2023, Royal Caribbean International President and CEO Michael Bayley told Bahamian media that he was "increasingly optimistic" that its Freeport port project will finally happen.
"I would say we are increasingly optimistic about the timing of that. In the coming months hopefully we will be in a position to make some positive announcement on Freeport."
"Our intent is to bring more capacity into Freeport. The first step, which will be in conjunction with others, is investing in improving the port."
Mr. Bayley said development of a water-based adventure theme park for passengers in close proximity to the port area was still the plan.
