← News Thu Aug 24, 2017 - 5:56 pm - 0 comments

Former Palmyra Opens Ahead Of Schedule

The Jewel Grande Montego Bay, formerly the Palmyra Resort & Spa, is now taking in guests, although its official market debut is still a month away.

The hotel co-owned by Sagicor Real Estate X Fund Limited includes 88 new suites on the Sentry Tower.

Last October, several managed funds under the umbrella of Sagicor Group Limited acquired 217 units in the incomplete Palmyra condo complex and an adjoining power plant owned by Caribbean Green Power Systems Limited for US$53 million.

The 217 units comprise 322 rooms overall, according to Area Director of Marketing and Communications for Sagicor’s Jewel properties and Hilton Rose Hall Hotel, Charmaine Deane. She said the number of rooms on offer to hotel guests will be expand as individual condo owners agree to enter the pool under management.

The entire complex, which sits on 16 acres of beachfront property, is said to comprise more than 80 individually owned condos. Some owners hold more than one unit.

Sagicor X Fund, which owns 15 per cent of the resort and was responsible for its redevelopment into the Jewel Grande, had previously indicated the hotel was shooting for a year end opening date. Jewel Grande and other Sagicor properties are managed by Aimbridge Hospitality.

Published in the Jamaica Gleaner
Read full Article →

Comments are closed.