Top St Thomas Resort to Be Sold
By the Caribbean Journal staff
The 300-room Sugar Bay Resort and Spa in St Thomas is to be sold, Caribbean Journal has learned.
The owners of the St Thomas property have tapped the Carlton Group to sell the US Virgin Islands resort.
Sugar Bay is being offered on a simple fee basis, unencumbered by any franchise or management agreements, according to a statement from the Carlton Group.
It includes 16,000 square feet of meeting and event space, a beach, three interconnected pools, a 10,000-square-foot spa and a fitness center.
The property also features six existing food and beverage outlets.
“It is very rare to see a property of this magnitude being offered for sale unencumbered by any franchise and management agreements which will allow the buyer to reposition the asset as they deem appropriate,” Carlton Group Chairman Howard Michaels told Caribbean Journal in a statement.
The new owners will also be able to develop an additional 220 units at the property.
Sugar Bay has seen several different management companies in recent years, including AMResorts, which briefly managed the property as a Dreams resort, and Wyndham, among others.
— CJ
