Major Barbados tourism deal | Caribbean Life


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The Crane Hotel in Barbados.

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Barbados has struck a Caribbean first for the tourism sector through one of its oldest resorts, The Crane, aligning with Hilton Grand Vacations (HGV) in a deal that is set to net the island multi-million dollar returns.

Hilton Grand Vacations a Florida-based publicly traded company sells to high-flyers the world-over vacation accommodation ownership on a time-share basis in prime holiday destinations.

“We have made a sale transaction where they purchase timeshare inventory from the Crane. The transaction value is US$54 million. So, it is a significant transaction and that is just phase one,” Crane Resort owner, Paul Doyle said while announcing the deal this week.

“They…

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