Barcelo Villas Bavaro properties sold

PJT

Silver
Jan 8, 2002
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This is just an advisory.

There has been a sale of Barcel? Resort property in Bavaro about two weeks ago. The Barcel? properties of: Barcel? Ocean Village, Barcel? Bavaro Village, and Barcel? Villas Bavaro have been sold.

The new owners are IFA Hotels & Resorts, a subsidiary of Kuwait based IFA, International Financial Advisors. The former Barcelo signage is down and the new IFA signs are up. The resort is operating but is now in a period of transition. You can expect some new and great changes ahead.

The sale does not include the nearby Barcelo Resort and Convention Center which is still owned by Barcelo.


Regards,
PJT