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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: Royal Caribbean paid about $3 billion for a stake in Sandals, while Hyatt acquired Playa Hotels for $2.6 billion.
- The three holdouts offer distinct models: Spice Island Beach Resort is run by Janelle Hopkin, Mount Cinnamon is owned by Barry Collymore, and Silversands Grand Anse is owned by 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 increasing by about 24%.
- Independent boutique hotel rooms in the American market fell about 10% in a single year, making these Grenadian resorts increasingly rare examples of true independence amid consolidation.
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11 Articles
11 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 Sources11
Leaning Left2Leaning Right2Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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