Sunday, April 21, 2024

Sale of second Almond

Date:

Share post:

A second Almond Resort hotel is on the verge of being sold and the deal should be sealed by month end.
This time the new owner will be Jamaican hotel group Couples Resorts which revealed yesterday that it was in negotiations with Almond Casuarina Beach Club for purchase of the South Coast hotel.
Almond Casuarina, located in Dover, Christ Church, is a member of the debt-ridden Almond Resort group of hotels being sold off by parent company Neal & Massy to cover its near $100 million in debt.
In a statement published yesterday, chairman of Casuarina Beach Club, Anthony King, and Couples’ chief executive officer Glen Lawrence announced that the two companies were in “firm negotiations” concerning sale of the 280-room property. (GE)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Update: Flash Flood Warning in effect for central districts

The Barbados Meteorological Services (BMS) has expanded its Flash Flood Warning to include the central part of the...

Flash Flood Warning in effect for northwestern districts

The Barbados Meteorological Services (BMS) has issued a Flash Flood Warning for the northern districts of Barbados, effective...

Dust haze advisory remains in effect for Barbados

The Barbados Meteorological Services (BMS) urges residents to be aware of an ongoing significant dust haze advisory. A...

Public cautioned against fake social media posts about President

Members of the public are being cautioned against participating in any schemes claiming to be in the name...