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Sandals Enters Grenada For The First Time

Sandals Enters Grenada For The First TimeAntigua St. john's - Gordon “Butch” Stewart recently backed away from a planned major new hotel development in Antigua due to local political wrangling.

But the Chairman of the Sandals resort chain is definitely keeping to his word that the US$100 million formerly earmarked for construction of a new Beaches brand property at Long Bay would be reassigned to other Caribbean islands that are more welcoming of his proposed investments.

Following confirmation that Sandals was expanding in St. Lucia (where it already owns three major properties) as a direct consequence of the Long Bay pullout, Grenada appears to be the other territory benefitting from Stewart’s rethink of his Antigua investment plans.

Sandals Resorts International (SRI) parent company of Sandals Resorts, Beaches Resorts and Grand Pineapple Beach Resorts – announced a few days ago that it has purchased the LaSource Resort in Grenada for an undisclosed sum.

A press release from Sandals said “The agreement to acquire the resort was successfully reached after ongoing discussions with the Government of Grenada, and represents the brand’s first property in this Eastern Caribbean country.



The statement quotes Butch Stewart saying that “After looking to expand (in Grenada) for more than a decade, we are delighted to confirm the acquisition of our first ever resort in Grenada and are incredibly proud to have found the perfect location to add to our brand.  We are confident that guests will continue to be impressed by our tradition of exceeding expectations through innovation and unwavering service, which has become our standard across the Sandals Resorts brand. We are eager to make our debut and share with guests not only the beauty of our new resort, but to share the beauty of Grenada, its culture and its people.”

Said the release: “The property, which is located on the exclusive Pink Gin Beach . . . will become Sandals LaSource Grenada Resort & Spa, and will open following certain enhancements customary to the Sandals Resorts brand.  Once complete, the resort will have added nearly 100 rooms to offer a selection of 200 guestrooms, private cottages and bungalows . . .”

The newly acquired Grenada property is the 14th Sandals Resort in the Jamaica-based company’s portfolio, according to the press release, which adds that “Further details regarding investment, expected launch date, and other confirmed information, will be released in the coming days.”

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6 Comments In This Article   

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How many projects this Govt chased away??

#6 Garrat. » 2012-11-18 10:52

Did not BALWIN picket and chased off the 1000room Guana island development?
Did they not picket against Jolly Harbor and Carlias Bay?
Even reportedly pulling Gxxs against his own local investors!!!!!!
Wonder which crazy investor going to buy there ''investment Passports''...
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Garrat.

@ Tenman - Buccaneer's Business Model!

#5 John French II » 2012-11-17 10:27

Notes From A Native Son Of The Rock! The Business Model is to acquire Distressed Hotels, milk them without capital investments and then approach Governments for Concessions to Rebuild. Privatize the Beach & keep the Natives Away & Working in Non Managerial & Executive Roles. Appoint Non Nationals to Excutive & Managerial Roles - a true & tried colonial model.
Have you heard of the Sandaled Buccaneer building from the Ground Up? Try the Turks & Caicos. Research the US investigations on the Money Transfers. Research the importation of Jamaican workers to build the Hotel.
Were workers brought to **enson Bay? Were diseased Palms imported?
You know the decision to leave A&B was not political but based on a Business Model. Grenada is a Mess!
The "Bewildered & Bemused Electorate" should note the addition of two highlights to GoAB's website on November 9, 2012 viz: Citizens by Investment Resources & Long Bay Public Park Presentation. Don't be fooled! This is Not a Dead Issue. If the people are not vigilant given the disarray by the Gang Of Four, this will come like a Thief in the Night.
In Business Never Get Angry, Get Even! Oh gad! Pray Wid Mi!
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John French II

we aren't this bad

#4 tenman » 2012-11-17 09:00

Their is no Caribbean island which has more political wranglings than Grenada. The truth on Stewart's decision to postpone or cancel his Antiguan investment is yet to be told. Caribbean News now, "Grenada PM calls for re-election", Published on November 14, 2012:

Quote:
Prime Minister Tillman Thomas, who is also leader of the ruling National Democratic Congress (NDC), says his administration has established a “good foundation" with its “good governance agenda," but concedes that it fell short on implementation. He has blamed the implementation deficit on problems within the party and government that led to cabinet resignations and the expulsion from the NDC of ten members, including five Members of Parliament.
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tenman

Congrats

#3 Only in Antigua » 2012-11-17 08:35

Congrats to our wonderfull government...on ce again you have proved that we are not able to attract or maintain any form of an attractive political climent for investment. I hope all your children go into politics because political jobs will be the only jobs left in Antigua.
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Only in Antigua

Go In Peace And All The Best! PT2

#2 John French II » 2012-11-17 06:41

Notes From A Native Son Of The Rock. Divide & Conquer. Prey on Weak & Tottering. Managers & Supervisors from Other Islands. North Atlantic Interns. The Sandaled Buccaneer Gives not a wit for his Patrimony and Yours. Apple IPad is made 100% in the PRoC. So much for Patriotism & providing jobs at home. Buccaneers All. People Talk Money Walks. Bimshire said No. Think the Minimum Wage is a Joke? Listen Up! Quote:
There is no formal national minimum wage established in St. Lucia, ... also no minimum wage structure per sector.
www.investstlucia.com/generalPages/view/work-force
Here is the State Dept to Investors: St. Lucia: Quote:
Minimum wage regulations in effect since 1985 set wages for a limited number of occupations. The minimum monthly wage for office clerks was EC$300 ($111), for shop assistants EC$200 (US$74), and for messengers EC$160 (US$59).

http://www.state.gov/e/eb/rls/othr/ics/2012/191226.htm A&B:Quote:
The Minimum Wage was EC$7.50 ($2.78) an hour for all categories of labour, which provided a barely adequate standard of Living.
Read St. Lucia's PM on Crisis in Caribbean News Now. Failed States.
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John French II

Go In Peace And All The Best!

#1 John French II » 2012-11-17 06:18

Notes From A Native Son Of The Rock! To those wringing their hands and bawling, suggest you look closely at the Business Model. The Sandaled Buccaneer sailed from Long Bay for Pieces of Eight & Buhouty buried on Helen & Spice Island.
Do you know this Buccaneer killed the minimum wage incresse on Helen 5 yrs ago. Still has not changed From $5.50EC. Helen is waking up this kith & kin of Buccaneer & Governor of Jamaica Sir Henry Captain Morgan. www.caribbeannewsnow.com/topstory-Concern-expressed-over-resort-eConcern expressed over resort expansion in St. Lucia xpansion-in-St- Lucia-13357.htm l
Quote:
According to Prudent, while it is understood that the aim of every foreign investor is to derive larger and larger profits on their investments on the island, investing in Saint Lucia should not be interpreted as a green light to overrun the will of the people, belittle their sovereignty and, in the process, destroy their natural coastal structures, which will eventually lead to the demise of their livelihoods and place major restrictions on what's left of their patrimony.
Buccaneers adhere to Colonial Model. It is only Business!
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John French II

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