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Sunwing to invest US$80M in Rex Grenadian. Property shuts down April 2019

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Sunwing to invest US$80M in Rex Grenadian. Property shuts down April 2019

This story was posted 2 years ago
27 November 2018
in Business, Travel/Tourism
3 min. read
PM Mitchell with Stephen Hunter, CEO of Sunwing Group
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by Linda Straker

  • Grenadian by Rex rebranded as Starfish Resort as of 1 December
  • Property to undergo refurbishment in April 2019
  • Reopens as the Royalton Grenada in December 2019

In December 2019 the Grenadian by Rex resort will have a new name as a result of a US$80 million investment by the new majority shareholders. In the interim, as of 1 December, it will be rebranded as the Starfish Resort, before shutting down in April 2019 to undergo refurbishment.

Stephen Hunter, CEO of Sunwing Group, disclosed the new developments about the hotel on Tuesday during a news conference held jointly with Finance Minister Dr Mitchell. He said that the new action plan in going forward will see the hotel evolving to become the location in Grenada for the world’s top all-inclusive brand.

“The hotel will reopen as the Royalton Grenada in December 2019. Royalton is the number one all-inclusive hotel in the world, so the number one all-inclusive hotel is coming to Grenada,” Hunter disclosed to the media.

Sharing more information about the investment, Hunter said, “We have agreed that as of April the hotel will be shutting down. We will be renovating the whole hotel and adding another 60 rooms to the hotel which will bring the room inventory to about 300.”

PM Mitchell with Sunwing CEO stephen Hunter display in the new name for Rex while Press Secretary looks on

Expressing his happiness about the new development, Prime Minister Mitchell said the government never wanted to take over the operations of the hotel but always wanted to see its services upgraded and improved. “We wanted to see upgraded operations at the Rex Grenadian site, knowing in fact that this tourism product is one of important activity in the country,” he said. He confirmed that when government conducted the acquisition of the property which was challenged in the Court, the aim was not for government to own and manage the hotel but government was, in fact, acquiring the property for the Sunwing Group.

He said that while the matter was pending before the Court, the Sunwing Group began conducting its own negotiations with the Rex owners being conscious of the many years matters can stay before the Court before a final judgement.

Speaking about the renovations and rebranding of the property, Dr Mitchell said, “I am happy that the fact that Sunwing Group will be expanding the property, there will be serious construction and renovation, and this will be providing an enormous amount of jobs.”

The largest integrated travel company in North America, Sunwing Travel Group comprises 2 leading leisure tour operators, Sunwing Vacations and Vacation Express; Sunwing Airlines, Canada’s premier leisure airline; SunwingJets, a luxury private jet charter service; together with the group’s own travel retail businesses, SellOffVacations.com and Luxe Destination Weddings.

Blue Diamond Resorts is the group’s hotel division, an innovative organisation that operates popular resort brands including Planet Hollywood Hotels & Resorts, Royalton Luxury Resorts, CHIC by Royalton Luxury Resorts, Memories Resorts & Spa, Starfish Resorts and Mystique Resorts across the Caribbean and Mexico. NexusTours is a full-service destination management company offering affordably priced and reliable ground transportation, popular tours and excursions, as well as other travel management services.

In October, Sunwing Travel Group announced that the group’s hotel division will begin operating 6 of Rex Resorts’ Caribbean hotels as part of a newly formed strategic alliance, effective 1 December 2018. As part of this landmark agreement, Sunwing’s growing hotel division plans to make significant improvements to each of the resorts over the coming years.

The release at the time explained that the 6 Rex Resorts will be absorbed within 2 of the hotel division’s brands: the new luxury boutique hotel collection, Mystique Resorts and the popular mid-market chain, Starfish Resorts. Mystique Royal St Lucia will be the second addition to the Mystique Resorts brand, with the first opening later this month in Holbox, Mexico.  The Starfish Resorts brand will see 5 new additions: Starfish Discovery Bay Resort, Barbados; Starfish Halcyon Cove Resort, Antigua; Starfish St Lucia Resort, St Lucia; Starfish Grenada Resort, Grenada and Starfish Tobago Resort, Tobago.

NOW Grenada is not responsible for the opinions, statements or media content presented by contributors. In case of abuse, click here to report.

Tags: all-inclusive hotellinda strakerrex grenadianroyalton grenadastephen huntersunwing group
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Comments 2

  1. Dudley antoinr says:
    2 years ago

    Janet , it is not the government you should be laying the blame on but on the local Grenadian investors both here and abroad.
    Grenadians and to an extent Caribbean people prefer to hoard or deposit their monies in banks and not invest it, so don’t blame government.
    Whosoever has the gumption to invest their money let them do so and the people or natives be the bellhops and maids.
    I am sorry if I sound out of place or rude but this is no longer a society where we think about Country and no jobs or local investment,we as a people must do something for ourselves or someone will walk in and take all the opportunities available.

    Reply
  2. Janet payne says:
    2 years ago

    A disaster for local people, another large corporation taking over a beautiful country where the us/Canadian dollar now rules, shame on the Grenadian Government for allowing it

    Reply

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