The Barbados century-old Crane Resort is planning to go public, and already Trinidadian investors are lining up to get a piece of the action.
Owner of the South Coast’s premier luxury property, Paul Doyle, told the MIDWEEK NATION that now was the right time to give members of the public a chance to own part of the growing tourism and accommodation business.
But even though the proposed initial public offering (IPO) has to get approval from the Financial Services Commission (FSC) and the prospectus has not been issued, Doyle said investors from oil-rich Trinidad were keen to buy shares in the company that specialized in fractional ownership.
He also confirmed that the response from institutional investors in Barbados was also positive.
