Caribbean hurricanes scaring Sandals Resorts bidders

Caribbean hurricanes scaring Sandals Resorts bidders

Most Widely Used Today

November 13, 2019 | 6:21pm


More hurricanes that are destructive US than a hundred years ago

Why catastrophe relief ‘s stilln’t reaching regular Puerto Ricans

Climate modification is making El Ninos stronger

How a town may be washing away $1.4 billion in park redesign

A bid to market the Caribbean’s biggest resort chain is operating into headwinds — and hurricanes are at fault, The Post has discovered.

Sandals — whose hotels that are all-inclusive the Caribbean resort scene — is wooing suitors for the two-dozen getaway properties spread across seven tropical-island countries.

The family-owned franchise, created by previous appliance salesman Gordon “Butch” Stewart in Jamaica in 1981, is angling for a $4.5 billion bid, insiders state.

But since the due-diligence procedure winds down, some suitors are growing skittish on the cash they may need to fork out to guard the properties against violent storms, a source near the auction stated.

“It appears like folks are getting weak-kneed about making bids, ” the origin told The Post.