Caribbean hurricanes scaring Sandals Resorts bidders

Caribbean hurricanes scaring Sandals Resorts bidders

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November 13, 2019 | 6:21pm


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A bid to offer the Caribbean’s biggest resort string is operating into headwinds — and hurricanes are the culprit, The Post has discovered.

Sandals — whose hotels that are all-inclusive the Caribbean resort scene — was wooing suitors because of its two-dozen holiday properties spread across seven tropical-island nations.

The franchise that is family-owned launched by previous appliance salesman Gordon “Butch” Stewart in Jamaica in 1981, is angling for a $4.5 billion bid, insiders state.

But whilst the due-diligence procedure winds straight down, some suitors are growing skittish throughout the cash they may need certainly to fork out to guard the properties against violent storms, a source near the auction stated. […]