The way the town may be washing away $1.4 billion in park redesign
A bid to market the Caribbean’s biggest resort string is operating into headwinds — and hurricanes are at fault, The Post has discovered.
Sandals — whose all-inclusive accommodations take over the Caribbean resort scene — is wooing suitors because of its two-dozen getaway properties spread across seven tropical-island nations.
The franchise that is family-owned established by previous appliance salesman Gordon “Butch” Stewart in Jamaica in 1981, is angling for the $4.5 billion bid, insiders state.
But because the due-diligence procedure winds down, some suitors are growing skittish throughout the cash they may need certainly to spend to protect the properties against violent storms, a source near the auction stated.
“It appears like individuals are getting weak-kneed about making bids,” the origin told The Post. “The concern is: just what will function as regards to the insurance coverage.”
Sandals reps have actually described to suitors that its resorts have escaped a bout that is unprecedented of damage reasonably unscathed, a supply stated.