Search Result for: stake
581 results found.
AccorHotels Closes on Purchase of SBE Stake
By the Caribbean Journal staff Paris-based hotel giant AccorHotels has closed on its purchase of a significant interest in hospitality firm sbe [sic]. The deal includes a 50 percent interest in sbe, whose portfolio of hotel brands includes SLS, Delano, […]
AccorHotels to Acquire 50 Percent Stake in Sbe
By the Caribbean Journal staff Global hotel giant AccorHotels is acquiring a 50 percent stake in sbe, the company behind hotel brands like SLS. The two sides have signed a letter of intent and entered into exclusive negotiations for AccorHotels […]
Royal Caribbean Buys Stake in Silversea Cruises for $1 Billion
By the Caribbean Journal staff Royal Caribbean Cruises has announced the acquisition of a significant stake in ultra-luxe small-ship cruise line Silversea Cruises. The agreement includes the acquisition of a two-thirds equity stake in Silversea based on an enterprise value […]
PSP, ASUR Acquire 50 Percent Stake in San Juan Airport Operator
Canadian pension investment manager PSP Investments and Grupo Aeroportuario del Sureste have acquired a combined 50 percent interest in Aerostar Airport Holdings LLC, which manages the Luis Muñoz Marín International Airport in San Juan, Puerto Rico. Aerostar has operated the […]
China’s HNA Pays $6.5 Billion For Hilton Stake
China’s HNA Group has announced the purchase of a 25 percent equity interest in Hilton Worldwide Holdings from affiliates of Blackstone. The value of the transaction is approximately $6.5 billion, or $26.25 per share in cash, and reduces Blackstone’s interest […]
Investment Corporation of Dubai Buys Major Stake in Kerzner International
Above: Atlantis in the Bahamas By the Caribbean Journal staff The Investment Corporation of Dubai has purchased a “significant equity interest” in Kerzner International Holdings Limited from the Kerzner family. Kerzner International operates the Atlantis and One & Only resort […]
Seaborne Airlines Relocating to Puerto Rico; Government Taking Equity Stake
Above: a Seaborne plane By Alexander Britell MIAMI — St Croix-based regional airline Seaborne Airlines has reached a deal with the government of Puerto Rico to relocate its headquarters to San Juan. Under the deal, the government of Puerto Rico […]
Grenada Planning to Purchase Majority Stake in GRENLEC Utility
Above: Grenada By the Caribbean Journal staff Grenada’s government is planning to purchase a majority stake in the GRENLEC electric utility. The government said Friday it had advised Grenada Private Power of its intentions. Grenada Private Power had issued a […]
Actor Gerard Butler Takes Equity Stake in Jamaican Cricket Team
Above: Gerard Butler By the Caribbean Journal staff Scottish actor Gerard Butler has joined Mark Wahblerg in buying a stake in Caribbean cricket. Butler has taken an equity interest in the Jamaica Tallawahs team in the Limacol Caribbean Premier League, […]
Mark Wahlberg Takes Stake in Caribbean Cricket Team
Above: Mark Wahlberg By the Caribbean Journal staff Actor Mark Wahlberg has taken an equity interest in the Barbados Tridents of the new Caribbean Premier League. The Tridents are part of the upstart cricket league, which pits six Caribbean sides […]
Oxbow Wins Preakness Stakes as USVI’s Kevin Krigger Finishes Fifth
Above: Pimlico Race Course By the Caribbean Journal staff Kevin Krigger of the US Virgin Islands finished fifth at the Preakness Stakes riding Goldencents Saturday as Oxbow, ridden by Gary Stevens, won the race. Krigger was bidding to become the first […]
Op-Ed: Jamaica’s Mistake on Israel
By David Rowe Op-Ed Contributor I WAS DISAPPOINTED that Jamaica voted in favour of the United Nations resolution which lifted the Palestinian Authority from an entity to a non-member observer. Both Israel and the United States opposed the resolution […]
LIAT Stakeholders Make Down Payment on Six New 50-Seat Planes
Above: a LIAT flight in Antigua By the Caribbean Journal staff The shareholder governments of regional air carrier LIAT have made the first down payment on six new 50-seat planes, according to St Vincent and the Grenadines Prime Minister Dr […]
Campari Acquires Controlling Stake in Jamaica’s Appleton, Wray & Nephew
Above: Appleton is Jamaica’s premier rum brand By the Caribbean Journal staff Italian spirits company Gruppo Campari has signed an agreement to acquire a controlling stake in spirits company Lascelles deMercado & Co., Ltd, the company announced in a release […]
St Lucia: No Agreeement on LIAT Stake
By the Caribbean Journal staff St Lucia’s government has not agreed to a proposal or deal involving the purchase of shares in regional air carrier LIAT, it announced yesterday. The airline does play an important role in the region and […]
US Private Equity Firm Buys Controlling Stake in Largest Jamaican Fuel Retailer
Above: Cool Corp is the Jamaica licensee for Shell (Photo: Shell) By the Caribbean Journal staff United States private equity firm Blue Equity has purchased a controlling interest in Cool Petroleum, the largest fuel retailer in Jamaica, according to a […]
Heineken to Buy 95 Percent Stake in Haitian Brewer Brana
By the Caribbean Journal staff Heineken announced that it is increasing its stake in Haitian brewing company Brana from 22.5 percent to 95 percent. The shares are currently owned by Brana’s management and private shareholders; financial details were not disclosed. […]
It Just Got Easier to Do Day Trips to Statia, Saba and St Barth
They’re three of the most charming small island destinations in the Caribbean: the Dutch Caribbean gems of Statia and Saba and the French Caribbean hotspot of St Barth. And they’re both just a quick flight from nearby St Maarten — quick […]
Grenada Is Hosting the Caribbean’s Top Sustainable Tourism Event
Grenada will play host this year to one of the most impactful conferences on the Caribbean calendar: the region’s top conference on sustainable tourism. The Caribbean Tourism Organization’s Sustainable Tourism Conference will be held this year from April 22 to […]
Travelers Are Flocking to Anguilla Right Now
Anguilla just set an all-time recored for stay over visitors arrivals to the island, continuing what has become a trend across the Caribbean, Caribbean Journal has learned. The tiny island just off the coast of St Martin welcome 95,944 stayover […]
Belize Continues Tourism Renaissance
Tourism continues to heat up in Belize, which saw one of the Caribbean’s fastest rates of growth last year. The Caribbean hotpot on the coast of Central America saw a 25 percent increase in tourist arrivals in 2023, with a […]
JSX Just Launched Its First-Ever Bahamas Flights
Semi-private airline JSX has launched its first-ever flights to The Bahamas. The airline has inaugurated its new route between Miami Opa-Locka airport and Marsh Harbour, Abaco. The flights are operating up to five days a week between Miami and Abaco. […]
US Virgin Islands Set to Host Major Caribbean Investment Conference
The US Virgin Islands is set to host a major Caribbean hotel investment conference. The 2023 edition of the Caribbean Hotel Investment Conference and Operations Summit, CHICOS, is being hosted Nov. 12-14 at the newly-opened Westin Beach Resort and Spa […]
Travelers Are Flocking to The Bahamas Right Now
Tourism in The Bahamas is stronger than it has ever been, officials said this week. In the first three quarters of 2023, The Bahamas welcomed more than 7.2 million visitors, equalling in nine months the total number of arrivals […]
Curacao Is Developing a New Kind of All-Inclusive Destination
It’s quietly become one of the fastest-growing all-inclusive destinations in the Caribbean: the Dutch Caribbean island of Curacao, which has become haven for new all-inclusive development in recent years. The key for Curacao seems to be to be a different […]
The Bahamas Just Launched Its First-Ever Aviation Week
Air transport is crucial to the island nations of the region — and now one destination is putting a renewed emphasis on the sector. The Bahamas just launched its first-ever Aviation Week, a full schedule of events focused on growing, […]
Grenada to Host Caribbean Sustainable Tourism Conference
Grenada will play host to the return of the Caribbean Tourism Organization’s Sustainable Tourism Development conference next spring. The Conference on Sustainable Tourism Development will be held from April 22-24, 2024 in Grenada, the first time the conference will have […]
Delta Is Launching New Nonstop Flights to Turks and Caicos
Turks and Caicos has been one of the strongest-performing destinations in the Caribbean since the onset of the pandemic, and now it’s getting another boost from a major airline. Delta Air Lines is launching a new nonstop service between Minneapolis-St […]
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