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The Warmest Place in the Caribbean Has Electric Blue Water, Cactus-Filled Deserts, and Sun-Baked Salt Flats

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The moment you step outside your room, you feel the heat. It’s not warm. It’s hot. The air presses in immediately. The sand scalds your feet the first time you step onto it. You move faster without thinking. Winter feels far away, like something you left behind on another calendar. This is Bonaire at its most […]

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LionGrove Acquires Another Caribbean Resort

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By Alexander Britell LionGrove has purchased another Caribbean resort, Caribbean Journal Invest has learned. It’s the third property in the Caribbean for the company, and the second transaction in the last year. The company has purchased the Wyndham Grand Rio Mar Golf and Beach Resort in Rio Grande, Puerto Rico. The move follows LionGrove’s purchase […]

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Major Caribbean Resort Sold for $100 Million 

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A major Caribbean resort has been sold for $100 million, Caribbean Journal Invest has learned.  The iconic Grand Lucayan resort in Grand Bahama, The Bahamas, has been sold to Electra America Hospitality Group, the government of The Bahamas confirmed.  The property’s sale comes about five months after Royal Caribbean’s initial deal to purchase the property […]

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Top Caribbean Resort Seeking Sale or Partner

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By Joe Pike, Special Contributor to CJI JLL’s Hotels & Hospitality Group has been retained to offer for sale the fee-simple interest in the Costa Isabela in Puerto Rico. The Royal Isabela Resort, perhaps the crown jewel of Costa Isabela, is seeking a partner to help facilitate a massive expansion or help finalize a sale […]


Major Caribbean Resort Sold for $100 Million 

A top all-inclusive resort in the Caribbean has been sold, Caribbean Journal Invest has learned.  The St James’s Club Morgan Bay Resort has been sold to Mullen Real Estate Capital, a Caribbean and Latin America hospitality investment and asset management company.  Mullen Real Estate Capital has signed an agreement with Apple Leisure Groups’s AMR Collection […]

Braemar Completes $193M Acquisition of Ritz-Carlton Dorado Beach 

Braemar Hotels and Resorts has completed its acquisition of the 96-room Dorado Beach, a Ritz-Carlton Reserve resort in Puerto Rico.  The company said it had paid $193 million in total consideration for the property, the only Ritz-Carlton Reserve in the Caribbean region.  Braemar has also acquired the income stream attributable to 14 luxury residential units […]

New Ownership at Turks and Caicos’ Wymara Resort 

There’s a new ownership structure at Turks and Caicos’ Wymara Resort and Villas, Caribbean Journal Invest has learned.  Longtime Wymara managing director Bruce Maclaren has purchased the shares of former co-owner Rob Ayer.  To complete the transaction, Maclaren partnered with Sitrling Global Financial as an equity investor.   “I have always been passionate about Wymara […]

Two Major Low-Cost Airlines to Merge 

The two fastest-growing airlines in the Caribbean are merging.  Spirit Airlines and Frontier Airlines have agreed to a definitive merge agreement under which the two airlines will combine.  “We worked jointly with the Board of Directors and senior management team across both carriers to arrive at a combination of two complementary businesses that together will […]

Nocturne Acquires WIMCO, Forging a New Caribbean Villa Power 

In December, leading Caribbean villa provider WIMCO Villas was purchased by Nocturne Luxury Villas. The deal follows last year’s acquisition by Nocturne of another major St Barth villa provider, St Barth Properties, forging a significant new villa player for St Barth and making Nocturne and even more noteworthy company in the broader Caribbean market. To […]

Major Caribbean Ritz-Carlton Resort Sold

By Alexander Britell The leading Ritz-Carlton resort in the Caribbean has been sold, Caribbean Journal Invest has learned.  Dorado Beach, a Ritz-Carlton Reserve, the preeminent hotel in Puerto Rico, has been sold to Braemar Hotels and Resorts.  The 96-key resort, set in a 1,900-acre residential development in Dorado Beach, has been sold for six million […]

Beachfront Lot on Turks and Caicos' Grace Bay Sells for $10.4 Million

A prime stretch of beachfront real estate on Turks and Caicos’ Grace Bay Beach in Providenciales has been sold, Caribbean Journal Invest has learned.  The transaction for a 2.89-acre lot was handled by Turks and Caicos Sotheby’s International Realty.  The sales price was $10.4 million, sources told CJI.  It was one of the largest transactions […]

Popular Aruba Hotel Sold

A leading hotel in the Dutch Caribbean has been sold, Caribbean Journal has exclusively learned.  A deal to purchase the Brickell Bay Beach Club hotel in Aruba has closed.  The 97-key hotel includes a 16,000-square-foot retail complex, in a strong location in the Palm Beach area.  The Miami-based CBRE Hotels team, led by Christian Charre, […]