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Sandals Resorts to acquire Halcyon Cove Hotel in Antigua

Sandals Resorts International will be expanding its portfolio in Antigua after it entered an agreement with the government to acquire the Halcyon Cove Hotel. The property in Dickenson Bay will be demolished under the deal and it will join a second Sandals resort that is being built on the Caribbean island.

Sandals Resorts to acquire Halcyon Cove Hotel in Antigua

Sandals Resorts International will be adding another Caribbean hotel to its portfolio after entering an agreement with the government of Antigua.

The Chairman of Sandals Resorts International, Gordon ‘Butch' Stewart has purchased the Halcyon Cove Hotel in Antigua.

Ascot Michael, the country's Tourism Minister, said that the lease, which is currently held by Rex Resorts, will need to be terminated within the next two months to facilitate the deal, saying:

"... negotiations have reached an advanced stage with Mr Stewart and we hope to close an agreement within the next 60 days or so. Butch Stewart is very interested in knocking down the entire hotel."

Explained Mr Michael, he also commented:

"He's building a 250- room Sandals hotel there with additional spas and amenities and restaurants similar to the Sandals Grande Resort down at Dickenson Bay."

The new luxury beachfront resort will be built in addition to the Beaches Resort that will be constructed at Long Bay, with work starting in 2016. Mr Stewart, who currently resides in Jamaica, explained:

"The resort adjoins Sandals Grande Antigua. The Government has done everything possible in order to make this project feasible.

"We've been representing Jamaica in Antigua since 1991 and we are proud to have, mounted in the lobby, a photo of our prime minister, Portia Simpson Miller."

Sandals International Resorts owns and operates luxury all inclusive Caribbean hotels and resorts in Jamaica, St Lucia, Antigua, The Bahamas, and Turks and Caicos under the three brands: Sandals Resorts, Beaches Resorts and Grand Pineapple Beach Resorts.

Sandals Resorts launched its first Jamaica hotel in Montego Bay in November 1981, and since then it has grown into one of the leading hotel chains for luxury all inclusive holidays to the Caribbean.

The twin-island nation of Antigua and Barbuda is located between the Caribbean Sea and the Atlantic Ocean and it is famous for its wide selection of stunning pristine pink and white sand beaches; one for every day of the year.

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