Revenue for the fourth quarter of 2016 was $114.2 million, an $8.5 million or 7% decrease from revenue for the fourth quarter of 2015. In constant currency, revenue for the fourth quarter of 2016 decreased $7.4 million or 6% from the fourth quarter of 2015.
Howard C. Karawan, President and Managing Director of Atlantis, Paradise Island, announced the appointment of Lauren Snyder, Chief Marketing Officer, for the company. Snyder, based between New York and Paradise Island, will assume her new position immediately and will work under the direct leadership of Karawan.
Excellence Group Luxury Hotels and Resorts announced their newest venture in Montego Bay, Jamaica. With plans to break ground within the next months, the all-inclusive luxury resort will open its doors to guests in the first half of 2018.
Asset managed by LEÓN, MAYER & Co., who is also a co-owner of the hotel, and co-managed by IMPRINT Hospitality and Aimbridge Hospitality, the 388 guest room hotel marks the first property in Puerto Rico for Curio A Collection by Hilton.