Caribbean hurricanes sandals Resorts that are scaring
How a town may be washing away $1.4 billion in park redesign
A bid to market the Caribbean’s biggest resort chain is operating into headwinds — and hurricanes are the culprit, The Post has discovered.
Sandals — whose all-inclusive resort hotels take over the Caribbean resort scene — is wooing suitors for the two-dozen holiday properties spread across seven tropical-island nations.
The family-owned franchise, started by previous appliance salesman Gordon “Butch” Stewart in Jamaica in 1981, is angling for a $4.5 billion bid, insiders state.
But while the due-diligence procedure winds straight down, some suitors are growing skittish throughout the cash they might need certainly to fork out to protect the properties against violent storms, a source near to the auction stated.
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