Caribbean hurricanes scaring Sandals Resorts

Caribbean hurricanes scaring Sandals Resorts The way the city may away be washing $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 hotels that are all-inclusive the Caribbean resort scene — was wooing suitors because of its two-dozen getaway properties spread across seven tropical-island nations. The franchise that is family-owned started by previous appliance salesman Gordon “Butch” Stewart in Jamaica in 1981, is angling for the $4.5 billion bid, insiders state. But once the due-diligence procedure winds straight straight down, some suitors are growing skittish within the cash they may need to spend to safeguard the properties against violent storms, a source near the auction stated. “It appears like folks are getting weak-kneed about making bids,” the origin told The Post. “The concern is: what’s going to function as the regards to the insurance coverage.” Sandals reps have actually described to suitors that its resorts have actually escaped an unprecedented bout of hurricane harm reasonably unscathed, a supply stated. […]