Cap Juluca bought
April 11, 2008
This is not an April Fool’s joke. Cap Juluca in Anguilla has been bought.
An investor syndicate led by noted travel industry executive Adam Aron has formed Cap Juluca Properties Ltd. an Anguilla company and has acquired Cap Juluca resort, it was officially announced on Thursday. The new ownership plans include an investment of some US $80 million to fully renovate the resort. In this regard new guest amenities will be added. A limited number of residential villas at the property will also be sold.
Cap Juluca resort was opened 20 years ago and since 1997 has been owned by Dion Friedland. The terms of purchase were not disclosed in the release from the property. It was explained that the renovation will be executed in phases allowing the resort to remain open throughout.
Aron (53) is widely known in the US travel and tourism circles. He formerly served as Chairman and CEO of Vail Resorts, including its RockResorts luxury hotel company; President and CEO of Norwegian Cruise Line Ltd.; Senior Vice President of Marketing of United Airlines and Senior Vice President of Hyatt Hotels and Resorts. He currently serves on the Board of Directors of Starwood Hotels and Resorts, Norwegian Cruise Line and Prestige Cruise Holdings, owner and operator of Regent Seven Seas Cruises and Oceania Cruises.
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