NEW YORK HOTEL BUSINESS. has learned that one of the Caribbean s toniest resorts, Hotel St. Barth Isle de France on the tiny island of St. Barthelemy, has been sold to a group of private investors from the United Kingdom.
The unnamed new owners took on over $10 million in debt financing, which was arranged by the London office of Insignia/ESG Hotel Partners.
Built in 1993, the beachfront property presently has only 32 rooms, which include garden and suite bungalows and beachfront rooms with terraces. Sources said that number will be extended by a carefully restricted number of suites and bungalows. (3/02/01)