Representatives of Gencom today announced that its affiliates in partnership with Private Equity Group (PEG) have sold the 295-room (including 22 suites) Marriott Grand Cayman Beach Resort to affiliates of London & Regional for an undisclosed sum.
Ashford Hospitality Prime, Inc. (NYSE: AHP) yesterday announced it has entered into a definitive agreement to acquire the award-winning 180-room Ritz-Carlton St. Thomas for $64 million ($355,000 per key) from Marriott International, Inc. (NASDAQ: MAR).
Accelerates Caribbean expansion with development of first Wyndham Grand Resort on site of historic Sam Lords Castle in St. Philip
The property, located in Haitis second largest city and situated on the countrys northern coast, will be Autograph Collections third hotel in the Caribbean and will serve as Marriott Internationals second property in Haiti following the opening of the Marriott Port-Au-Prince Hotel in early 2015.
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