Sandals acquires more property in Barbados

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Sandals acquires more property in Barbados

KNRX
Joined: 01 Jul 2008, 22:41

13 Jul 2014, 02:11 #1

"The Jamaican-based Sandals group has confirmed its acquisition of land adjacent to its ten acre St Lawrence Gap, Christ Church property.

A press release from the company today noted that this latest move comes at a time when Barbados and its Caribbean neighbours are hard pressed to attract investments to their shores.

“It can also be seen as a display of confidence in Barbados by the company,” the statement said.

In April, the luxury hotel chain began a US$65 million renovation of the 280-room Christ Church property, which currently provides employment for some 600 workmen.

With the latest acquisition of land, Sandals said it intends to further expand its St Lawrence property in the not too distant future.

“This will not only add to the existing Barbados tourism product but could propel further strength in the economy of Barbados and its people,” the statement added.

Sandals, which had earlier entered into a leasing arrangement with the Barbados Government for the Almond Beach Village property in St. Peter, has already confirmed plans to switch to an outright purchase of that property. Today’s release said that many observers believe this move will be “a positive overall for the economy as it enables the Government to reallocate the $600 million Chinese loan to the development of other struggling resorts locally”.

It also said the Group’s unprecedented investments in Barbados continue to be viewed “as a catalyst for the emergence of additional airlift into the destination and stimulating robust marketing efforts, especially on the important United States market”."

Added by Kaymar Jordan on July 12, 2014.
http://www.barbadostoday.bb/2014/07/12/ ... -barbados/
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Erronay
Joined: 09 Jun 2011, 13:34

14 Jul 2014, 11:09 #2

I am not a fan of Sandals myself, having been once, but I think there are some positives for the Island here.

They must be targetting new markets which should mean more flights and visitors. They are an adults only offering. They do have a customer service ethic and will seek to upgrade certain aspects of the locality.

I will watch with interest - from the safe distance of the West Coast of course!

E.
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SUE
Joined: 02 Jul 2008, 07:22

20 Jul 2014, 08:23 #3

I agree Erronay.
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happydays
Joined: 23 Jul 2008, 19:24

21 Jul 2014, 09:46 #4

Well thanks Sue & Erronay (NIMBY's ) :wink: for abandoning us Southies to the Sandalisation of the Gap not to mention total destruction of beautiful trees :x
But ...........you may not be able to hide for long :wink: Sandals Beaches as far as I am aware is still planning on taking over ABV ? :? and they have KIDS ! :lol: :lol:
Elaine
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Erronay
Joined: 09 Jun 2011, 13:34

21 Jul 2014, 15:48 #5

Hi Elaine,

I have never met anyone who wasn't a NIMBY when it comes to themselves and where they live.

I guess the choice for Bajan's is whether they want a progressive tourist industry providing jobs and prosperity, or whether actually they don't.

For me Barbados is a holiday choice and I love it, but I am not averse to a bit of Hotel Upgrading.

I have nothing against the Southies and would actually be quite happy if Sandals took over and upgraded a hotel on the West Coast. They have a good and successful product - if you happen to like holiday camps!

E.
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