The sale is awaiting some finalization from the Anguilla government but already Starwood Capital has detailed their plans for the hotel:
Starwood which is planning to put US $16 million into the project this year is also planning to build a conference centre as well as volleyball and a basketball courts on the property.
Since there are also residential villas for sale on site, Starwood Cap hopes to fold them into the rental pool to generate some cash flow there.
Currently, nothing's changed on the hotel website. It's still a Viceroy Hotel Group hotel and they've even brought the GM down from Viceroy Snowmass to take the reins over there.
Plus, room rates are still "healthy." Even with the hotel's special offer of one complimentary night for every night that is booked at the standard rate, rooms still work out to be about $595 a night. As for the fate of the Viceroy name, that remains to be seen at this time. Viceroy Hotels are largely a management group so despite different owners, the experience can remain the same. But when that new owner is Barry Sternlicht's company, things could change. We'll keep you updated.
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