Sandals is eyeing the purchase of another Exuma-based resort from receivership, this time the $110 million Grand Isle Villas Resort, Tribune Business can reveal, the situation having caused “immediate panic” and a “total sense of shock” on the island.
The all-inclusive resort chain would be an obvious purchaser of the 78-unit property, given that it sits at the heart of the Emerald Bay resort, which Sandals purchased from a different set of receivers in late 2009 for around $25 million.
“I believe Sandals would be very, very interested,” one source told Tribune Business yesterday.
