Search Result for: shareholders
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LIAT Shareholders Sign Agreement For $65 Million CDB Loan
Above: a new LIAT plane By the Caribbean Journal staff LIAT shareholder governments Antigua and Barbuda, Barbados, St Vincent and the Grenadines, Dominica and Barbados have signed off on a $65 million loan from the Caribbean Development Bank. The loan, […]
LIAT Shareholders Getting $65 Million Loan to Modernize Fleet
Above: a new LIAT plane By the Caribbean Journal staff Four shareholder governments of Caribbean air carrier LIAT will be receiving a total of $65 million in loans from the Caribbean Development Bank to support the purchase of new aircraft […]
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The Newest Luxury Resort in the Dominican Republic Is Now Open
The Dominican Republic is now home to its most anticipated new luxury resort in years: the new wellness-focused Premier Club at Casa de Campo in La Romana. The new resort-within-a-resort is the first phase of a $90 million expansion for […]
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Royal Caribbean Is Putting Starlink on Its Cruise Ships
Royal Caribbean Group will be implementing SpaceX’s Starlink internet service on its cruise ships, the company said this week. That would make the company the first in the cruise industry to adopt the high-speed, satellite-based service. Deployment of Starlink technology […]
JetBlue Ups Offer to Acquire Spirit
JetBlue has announced that it has “enhanced” its proposal to acquire low-cost carrier Spirit Airlines. The deal would amount to $33 per share, offering what JetBlue called “both superior financial value and greater certainty” than a competing offer by low-cost […]
The Caribbean’s Leading Golf Resort Is Planning a $90 Million Expansion
The Caribbean’s leading golf resort is getting bigger. To access this content, subscribe now. Choose from two tailored subscription options: Caribbean Journal Invest for comprehensive investment news or Caribbean Journal Travel Advisor for targeted content for travel agents and advisors. […]
Top Caribbean Resort Sold for $55 Million
Playa Hotels and Resorts has sold another hotel in the Caribbean, Caribbean Journal has learned. To access this content, subscribe now. Choose from two tailored subscription options: Caribbean Journal Invest for comprehensive investment news or Caribbean Journal Travel Advisor for […]
Marriott Mourns CEO Arne Sorenson
Marriott has announced the passing of longtime President and CEO Arne Sorenson. Sorenson had been diagnosed last year with pancreatic cancer. Sorenson was just the third CEO in the history of the company, a role in which he had served […]
Playa Sells Mexican Caribbean Resort for $34.5 Million
By Alexander Britell To access this content, subscribe now. Choose from two tailored subscription options: Caribbean Journal Invest for comprehensive investment news or Caribbean Journal Travel Advisor for targeted content for travel agents and advisors. Subscribe today to unlock this […]
Playa’s Fernando Mulet on the Future of All-Inclusive Hotels
By Joe Pike, Special Contributor Sine the coronavirus (COVID-19) pandemic halted Caribbean travel in March, new hotel regulations have been put in place that fans of all-inclusive resorts might have to take some time adjust to. But aside from adapting […]
Playa Sells Two Jamaica Resorts
In a move to “enhance” its liquidity, all-inclusive company Playa Hotels and Resorts has closed on the sale of two of its resorts in Jamaica. The company has sold the Jewel Dunn’s River Beach Resort and Spa in Ocho Rios […]
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This Subscriber Agreement and Terms of Use (this “Agreement”) governs your use of all digital products and services from Caribjournal.com and newsletters (“Caribbean Journal Invest”) that are made available from time to time, including without limitation, any Web pages, services, […]
A Leading Caribbean Luxury Hotel Is Back in St Barth
One of the leading luxury hotels in the Caribbean region is back. The legendary Eden Rock St Barths, set on St Barth’s famous St Jean beach, officially relaunched at the end of last month. The celebrated hotel, which first debuted […]
Marriott Buying Barbados’ Elegant Hotels to Fuel All-Inclusive Expansion
Marriott International is buying a major hotel group in Barbados. The world’s largest hotel company has reached an agreement to buy Barbados’ Elegant Hotels Group. Elegant Hotels owns and operates a total of seven hotel properties in Barbados, with a […]
LVMH Is Buying Belmond for $3.2 Billion in Luxury Hotel Market Shakeup
By the Caribbean Journal staff In a move sure to shake up the global luxury hotel market, luxury group LVMH Moët Hennessy Louis Vuitton has announced an agreement to acquire hotel brand Belmond. The purchase of Belmond shares represented an […]
Palm Cay Breaks Ground on $100M Bahamas Expansion Project
By Dana Niland CJ Contributor Nassau’s Palm Cay has broken ground on the new One Marina, a $100-million luxury and residential resort complex. “One Marina” will have 84 two- and three-bedroom condominiums and penthouse complex with modern interior designs and […]
Norwegian Cruise Line Orders Two New Ships
By the Caribbean Journal staff Norwegian Cruise Line is expanding its fleet. Again. The cruise giant announced that it has ordered two new “Project Leonardo”-class ships with shipbuilder Fincantieri. The two ships are slated for delivery in 2026 and 2027. […]
Winair Launches New St Maarten-Bonaire Flights
By the Caribbean Journal staff St Maarten-based Regional Caribbean air carrier Winair has launched a new way to get around the Dutch Caribbean. This week, the carrier launched the new “CN Express,” a flight aimed at connecting St Maarten, St […]
Winair’s Big Caribbean Expansion
By the Caribbean Journal staff St Maarten-based Winair is planning a massive expansion to its flight network later this month, the company said. Winair will be launching direct service to Curacao, Santo Domingo and Haiti beginning Feb. 26. The expanded […]
Tortola Pier Park Planning “Quick Recovery”
By Dana Niland CJ Contributor The Tortola Pier Park, the British Virgin Islands’ major cruise destination, is committing to a “quick recovery” in the wake of Hurricanes Irma and Maria. The Tortola Pier Park is slated for a partial reopening […]
Norwegian Cruise Line Adding Four New Ships
Norwegian Cruise line Holdings is expanding its fleet. The company has reached an agreement with shipbuilder Ficantieri S.p.A. to build the next generation of its Norwegian Cruise Line brand. Four ships are now on order for delivery in 2022, 2023, […]
Angostura Names New CEO
Angostura Holdings Limited has appointed Genevieve Jodhan as Chief Executive Officer. Jodhan previously served as the company’s Executive Manager, and has been acting in the CEO position since September 2016. Angostura is the producer of Angostura bitters and Angostura Rum. […]
Southwest Airlines Expanding Cancun Service
Southwest Airlines will be filing an application with the US Department of Transportation to offer new daily flights to Cancun, the company announced. The daily flights will operate year-round between Los Angeles and Cancun. “We’re ready to go and if […]
SBE Acquiring Morgans Hotel Group
By the Caribbean Journal staff In what is one of the highest-profile hotel deals all year, Morgans Hotel Group has announced that it has entered into an agreement to be acquired by global hospitality company SBE. SBE will acquire Morgans’ […]
The Caribbean Has an Air Tax Problem
By George Nicholson Op-Ed Contributor The regional airline industry has been characterised by a high degree of commercial difficulties. The last three decades has seen the Caribbean airspace littered with the remains of more than thirty carriers – some of […]
Delta’s CEO Is Retiring
Delta Air Lines CEO Richard Anderson is retiring, the company announced on Wednesday. CEO Richard H. Anderson has chosen to retire effective May 2, 2016, when he will be elevated to executive chairman of the Delta Air Lines Board of […]
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