The Sagicor Group is set to make another major investment in the tourism sector with the proposed purchase of the Hilton Rose Hotel in St. James.
The Hilton Rose Hall which was once part of the Wyndham group carries over 400 rooms and is owned by the Blackstone Group. When the purchase is finalized it would mean that Sagicor will be acquiring its fourth hotel.
The Hilton Rose Hall is expected to be re-branded under the Jewel Resort Nomenclature.
A Sagicor official said news of the purchase of the Hilton Rose Hall was swirling in business circles and that the final sale price will be disclosed in due course.
Sagicor already owns one hotel in Mammee Bay, one in Runaway Bay and one at Paradise Cove close to Runaway Bay, all in St. Ann.