How a town may be washing away $1.4 billion in park redesign
A bid to offer the Caribbean’s biggest resort string is operating into headwinds — and hurricanes are at fault, The Post has discovered.
Sandals — whose all-inclusive resort hotels take over the Caribbean resort scene — was wooing suitors for the two-dozen holiday properties spread across seven tropical-island nations.
The family-owned franchise, started by previous appliance salesman Gordon “Butch” Stewart in Jamaica in 1981, is angling for the $4.5 billion bid, insiders state.
But since the due-diligence procedure winds straight straight straight down, some suitors are growing skittish within the cash they may have to fork out to safeguard the properties against violent storms, a source near to the auction stated.
“It may seem like individuals are getting weak-kneed about making bids,” the origin told The Post. “The concern is: exactly what will function as the regards to the insurance coverage.”