FAIRFAX, Va., May 22, 2020 (GLOBE NEWSWIRE) — Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the “Company”) today announced that it closed on the sale of the Jewel Dunn’s River Beach Resort & Spa and the Jewel Runaway Bay Beach Resort & Waterpark for a total consideration of $60 million in cash.
Did jewel sell Runaway Bay?
The company sold Jewel Dunn’s River Beach Resort & Spa and Jewel Runaway Bay Beach Resort & Waterpark in May. The properties were sold for US$60 million ($9 billion), below their fair value of US$85 million ($12.6 billion).
What happened to Jewel Runaway Bay Jamaica?
In a move to “enhance” its liquidity, all-inclusive company Playa Hotels and Resorts has closed on the sale of two of its resorts in Jamaica. The company has sold the Jewel Dunn’s River Beach Resort and Spa in Ocho Rios and the Jewel Runaway Bay Beach Resort and Waterpark in St Ann.
Who owns the Jewel resorts in Jamaica?
In Jamaica, Playa owns and manages Hyatt Zilara Rose Hall and Hyatt Ziva Rose Hall, Hilton Resort & Spa Rose Hall, Jewel Dunn’s River Beach Resort, Jewel Grande Montego Bay, Jewel Runaway Bay Beach & Golf Resort and Jewel Paradise Cove Beach Resort.
Who owns Jewel Dunn’s River resort?
Aimbridge Hospitality, the nation’s second largest independent hotel management and investment firm, acquired the Sandals Dunn’s River Resort in Ocho Rios, Jamaica and decided to rebrand the hotel to The Jewel Dunn’s River Beach Resort & Spa.
Is Jewel Runaway Bay still open?
Yes it’s closed now until 2021.
What is the new name of Jewel Runaway Bay?
The Runaway Bay Resort, located midway between Ocho Rios and Montego Bay, will be extensively redeveloped to become the Beaches Runaway Bay Resort, the third family-friendly Beaches In Jamaica, joining existing properties in Negril and Ocho Rios.
Who owns Jewel Paradise Cove?
The 225-room Jewel Paradise Cove hotel in Runaway Bay, St Ann, officially opened last weekend to become the third hotel in the Jewel brand owned by Sagicor Life Jamaica.
Where are they building the new Beaches resort?
The new Beaches resort will be set at the former Buccament Bay resort on the southwestern coast of St Vincent. Sandals Resorts International is opening its first-ever resort in St Vincent and the Grenadines. The company is opening a new Beaches resort, the first in the Eastern Caribbean, Caribbean Journal has learned.
Did sandals buy Jewel Dunn’s resort?
In recent years, the property had been operating as the Jewel Dunn’s River Beach Resort & Spa. Sandals acquired it for $30 million as well as adjacent beachfront land in 2020. … That resort has targeted a completion date in Q4 2023.
Who owns Montego Bay?
Montego Bay Resort is a hotel and casino located in West Wendover, Nevada. In addition to the Wendover Nugget, it is located right on the border line between Nevada and Utah just south of Interstate 80.
|Montego Bay Resort|
|Owner||Peppermill Casinos, Inc.|
Is Jewel Dunn’s River closed?
This resort is officially CLOSED.
What airport do you fly into for Runaway Bay Jamaica?
The nearest airport to Runaway Bay is Montego Bay (MBJ) Airport which is 61.4 km away. Other nearby airports include Kingston (KIN) (82.6 km).
What happened to Sandals Dunns River Falls?
Sandals will terminate its lease at the Dunn’s River Villaggio Golf Resort & Spa in Ocho Rios, Jamaica, effective May 31. Sandals will operate the 250-room resort through July in order to accommodate existing bookings. … “We choose an ownership strategy as a whole,” said Sandals chairman Butch Stewart.