Tuesday, March 22, 2011

Former Hedoism III property is for sale

Our former beloved Hedonism III is now for sale in Jamaica.   John Lee with Jamaica's Pricewaterhouse-Cooper has property to sale.  His task is to cover the loans from 4 different banks for a total debt of 20 million, US.   Most of you know that Hedo 3 then became SuperFun Resort.  Well, SuperFun is managed by SuperClubs of Jamaica but it's owned by Runaway Bay Developments.   

(Zein Issa Nakash of SuperClubs says they're
willing to run the hotel after the sale)

So for now, till the property is sold, SuperClubs get to continue to manage SuperFun Resort.  The sale comes as SuperClubs announced that it was cutting ties with another government-owned property, Breezes Rio Bueno.  Lee will be advertising for sale the 225-room hotel, which sits on 10 acres of beachfront property and an adjoining three acres of land.  The hotel and its adjoining lands are Runaway Bay Developments sole assets.

The bottom line:  Hedo III is still gone.  SuperFun Resort is doing ok.  The owners of the land and hotel are in deep koo hoo.

1 comment:

  1. It seems that Hedo 3 was an awesome place. How I wish to see its stunning beauty. Can you post photos please? Big thanks and Keep posting.

    Charles A


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