Popular Barbadian West Coast resort “Fairmont Royal Pavilion” has been sold
London & Regional purchased the property from owner Ivanhoe Cambridge, with CBRE representing the seller.
“This property includes a 2.78-acre beachfront lot that is ripe for development,” said CBRE’s Christian Charre. “In addition, the Fairmont branding offers strong distribution channels and guests’ loyalty. Assets of this quality, prestige and reputation rarely come to market, and the property’s high underlying real estate value is supported by a robust residential market.”
The property is located in St James on Barbados’ Platinum Coast.
Charre, who is based in Miami, and London-based Owen-Pritchard represented the seller.
Terms of the deal were not disclosed. (DATA COURTESY – CaribbeanJournal)