Paradise Sale Now Complete - Wednesday 23, March-2005
SIGNED, SEALED, DELIVERED!
The former Paradise Beach Hotel, which has been an idle upmarket property for several years, will once more take its place among the prime hotels in Barbados.
Yesterday in London, Sandals Group of companies, which owned the Spring Garden, St Michael property since 1992, sold it to a group of international investors headed by hotel magnate Michael Pemberton and Robin Paterson.
It is understood that local construction magnate Sir Charles Williams and his brother Ralph “Bizzy” Williams are also involved in this project.
The new owners are set to develop a new mutil-million-dollar five-star hotel with 125 rooms and associated facilities, along with 80 luxury villas.
The former Paradise will carry the logo of one of the world’s most recognised brands – Four Seasons – and will now be called Clearwater Bay.
In Barbados, the keys to the property transferring possession to the new owners, were handed over by Sandals’ agent Kashmie Ali to Lynne-Marie Simmons, one of the attorneys for the investors, and Paula Blackburn, the representative for Michael Pemberton.
Earlier this year in an interview, Pemberton said investors were “absolutely bowled over by the property”. He added that Martin Ground of the interntaional firm Ground, Kemp and Associates, which had won the World’s Best Hotel Design on more than one occasion, would be the lead architect.
No date has beengiven for the start of construction. -
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