This newspaper has been reliably informed that the authorities here have signed off on the sale of Hilton Barbados, this country’s internationally branded showpiece hotel, for US$80 million.
Our information is that London and Regional Properties, owned by Richard and Ian Livingston, who control the prestigious Fairmont Royal Pavilion Hotel on the West Coast, will be the new owners of Barbados’ pièce de résistance of our year of Independence, 1966.
We have been further informed that a company known as Broadspan Capital, that specialises in cross-border financial transactions in the United States, the Caribbean and Latin America, are the brokers engaged in the sale.
London and Regional Properties is a privately held Baker Street, London real estate company that oversees luxurious properties in the United Kingdom, Europe and the United States. Broadspan Capital operates out of Miami, Florida, in the United States.
The acquisition of Hilton Barbados would add an iconic island resort to the impressive collection of global leisure investments held by London and Regional Properties. (BARBADOS NATION)
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