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Pelican Bay at Lucaya Acquired by Norwegian Investment Company Sundt AS; Magnus Alnebeck Named
General Manager


LUCAYA, The Bahamas (March 11, 2005) - Grand Bahama Island's Pelican Bay at Lucaya resort has been purchased by Sundt AS, a private investment company based in Norway.    As a result of the transaction, the property will now be managed by Pandox, based in Stockholm, Sweden.  The agreement includes operation, development and property management. Sundt AS is one of Pandox' two owners.

Developed by First Hope Limited, Pelican Bay features 96 one-bedroom suites and an 87-room inn.  Both the suites and the hotel hold the prestigious "Small Treasure" designation awarded by The Bahamas Ministry of Tourism.  Located steps away from the famous Lucaya beach and Port Lucaya Marketplace, the resort features three swimming pools and three restaurants, including a swim up pool bar. 

Pandox has appointed Magnus Alnebeck as Pelican Bay's new general manager.  Alnebeck, who holds dual Swedish and St. Lucian citizenship, has more than 20 years experience in the hospitality industry.  Prior to joining Pelican Bay he was general manager at Ladera Resort, in St. Lucia. 

"I am very excited about being apart of the great team here at Pelican Bay," Alnebeck stated.  "The property has established itself as one of the best in The Bahamas.  Pandox has a proven record of success in Europe and we look forward to further enhancing the Pelican Bay reputation."

Pandox owns and manages 48 upscale hotels, with more than 9,300 rooms throughout Sweden and Northern Europe.   Pelican Bay is the company's first outside of Europe.   The company operates hotels under internationally known brands as Hilton, Radisson, Crowne Plaza, and Quality, in addition to managing independent properties such as Pelican Bay. 

"Pelican Bay will continue to operate as an independent up-market boutique hotel," explains Alnebeck.  "We hope to capitalize on our ties to Europe and increase the number of visitors to the property and the island from that market.  Grand Bahama Island offers all of the amenities and activities travel minded Europeans are seeking." 


Pelican Bay at Lucaya

Also See: Seven Pandox-owned Hotels Change Brand / Jan 2002
Pandox AB Acquires Hotel Properties in Stockholm and Helsingborg, Sweden / June 2001

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