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Sagicor X Fund goes for hotel in USA

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SAGICOR Real Estate X Fund Limited (X Fund) announced plans to acquire its first property outside of Jamaica in line with its growth strategy.

The company advised that it entered into an agreement to acquire a convention hotel in Orlando, Florida, which is affiliated with a “major” undisclosed hotel franchise.

“The acquisition is slated for completion in September 2015,” stated the release, adding that the acquisition is in keeping with its investment strategy to seek out real estate investment opportunities outside of Jamaica.

Published in the Observer
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