Michael Gerrard
BroadSpan Capital
Grand Pineapple Antigua
Deal Type
Company sale
Sector
Consumer
Completion Date
1st June 2016
Deal Value
Not disclosed
Company Background
Grand Pineapple Antigua, owned by Sandals Resorts International (SRI), is a 180-room resort, located in Long Bay, on the east coast of Antigua.
SRI is one of the most well-known and award-winning hospitality companies in the world. With five brands and 24 properties in seven countries including Antigua, The Bahamas, Grenada, Barbados, Jamaica, Saint Lucia and Turks and Caicos.
Deal Summary
On February 19, 2016 Sandals Resorts International (SRI), parent company of Sandals Resorts, Beaches Resorts and Grand Pineapple Beach Resorts, reached an agreement to sell the Grand Pineapple Antigua, a 180-room resort, to Elite Island Resorts, effective May 30, 2016.
Value Added
BroadSpan Capital acted as exclusive financial advisor to Sandals Resorts International for this transaction.
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