Sandals Resorts seeks funding for a dozen hotels
New York City – 20 July 2017 –
Sandals Resorts International is looking to Wall Street to help finance as many as a dozen new Caribbean hotels as the luxury resort manager ditches its conservative strategy of building just one project per year and keeping debt right down, Bloomberg reported.
CEO Adam Stewart, who runs Sandals with his father, Gordon “Butch” Stewart, said the closely-held company is not for sale and has no immediate plans to go public, contrary to rumours. Instead, it’s looking beyond the regional Caribbean banks it has traditionally used, to … Read More