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BroadSpan Advises Almond Resorts Inc. on Sale of Almond Beach Village

BroadSpan Advises Almond Resorts Inc. on Sale of Almond Beach Village

On February 5, 2014, Barbados Tourism Inc. (“BTI”) acquired 100% of the Almond Beach Village (“ABV”) resort from Almond Resorts Inc. BTI has subsequently announced its intention to lease the property to Sandals Resorts International.

ABV, a 402 room beach front resort, sits on approximately 31 acres and is located along the west coast of Barbados in St. Peter’s parish, within walking distance of Speightstown.

The sale represents the final milestone in the strategic divestment of the four 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. for this transaction.

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