Grand Pineapple Antigua

Completed Date

2016-06-01

Sector

Consumer

Deal Type

Company sale

Value

Not disclosed

Company bio

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 to the Project

BroadSpan Capital acted as exclusive financial advisor to Sandals Resorts International for this transaction.

Deal Contacts

Michael Gerrard

Michael Gerrard's avatar

Managing Director

Noah Kessler

Noah Kessler's avatar

Managing Director

BroadSpan Capital is the exclusive Brazilian and Caribbean partner of Mergers Alliance

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