The way the town may be washing away $1.4 billion in park redesign
A bid to market the Caribbean’s biggest resort string is operating into headwinds — and hurricanes are the culprit, The Post has discovered.
Sandals — whose hotels that are all-inclusive the Caribbean resort scene — was wooing suitors for the two-dozen getaway properties scattered across seven tropical-island nations.
The family-owned franchise, created by previous appliance salesman Gordon “Butch” Stewart in Jamaica in 1981, is angling for the $4.5 billion bid, insiders state.
But while the due-diligence procedure winds straight down, some suitors are growing skittish throughout the money they might need to spend to safeguard the properties against violent storms, a source near the auction stated.
“It seems like individuals are getting weak-kneed about making bids,” the origin told The Post. “The question is: exactly what will end up being the regards to the insurance coverage.”