Sandals Acquires Barbados’ Almond Casuarina Beach Club

On December 16th 2013, Sandals Resorts International acquired 100% of the Almond Casuarina Beach Club (“ACB”) resort through the acquisition of 100% of the shares of Casuarina Beach Club Limited ("CBCL"), an associated company of Almond Resorts Inc., Goddard Holdings Limited and Neal & Massy Holdings Limited.

ACB, a 260 room beach front resort with six 4-story buildings, sits on approximately 10 acres and is located along the south coast of Barbados in the popular area of Dover on Maxwell Beach, within walking distance of the St. Lawrence Gap.

The sale represents a third milestone in the strategic divestment of the four beach resort properties in Barbados and St. Lucia, operating under the Almond Resorts brand.

BroadSpan Capital LLC acted as exclusive financial advisor to Almond Resorts Inc., Goddard Holdings Limited and Neal & Massy Holdings Limited for this transaction.