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3 independent luxury resorts hold out on one Grenada beach as chains buy up the Caribbean
Three luxury resorts on Grand Anse Beach remain independent as major buyers have spent the past year acquiring Caribbean properties.
- On Grand Anse Beach, three luxury resorts remain independent while global chains continue acquiring Caribbean properties at an accelerating pace.
- Global hospitality chains have spent the past year acquiring resorts across the region; Royal Caribbean agreed to pay about $3 billion for a stake in Sandals, while Hyatt bought Playa Hotels for $2.6 billion.
- The three holdouts offer distinct experiences: Spice Island Beach Resort is run by Janelle Hopkin, Mount Cinnamon is owned by Barry Collymore, and Silversands Grand Anse belongs to Egyptian businessman Naguib Sawiris.
- Grenada remains accessible to Americans via nonstop flights from Miami, New York, and Charlotte, with arrivals during this year's Spicemas celebrations rising about 24%.
- Independent boutique hotel rooms fell about 10% in the American market in a single year, making these Grenadian resorts increasingly rare examples of ownership independence.
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20 Articles
20 Articles
3 independent luxury resorts hold out on one Grenada beach as chains buy up the Caribbean
The big hotel chains have spent the past year buying their way across the Caribbean, resort by resort. On Grenada’s Grand Anse Beach, three luxury ... Read moreThe post 3 independent luxury resorts hold out on one Grenada beach as…
Coverage Details
Total News Sources20
Leaning Left5Leaning Right3Center11Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 26%
C 58%
R 16%
Factuality
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