Four Seasons Resort Nevis Has New Owners

Charlestown, Nevis
May 29, 2010

A further step on the road to the re-opening of the Four Seasons Resort Nevis was taken when the St. Kitts-Nevis Resort LLC made a successful bid of US$ 86,651,000 for the property on Thursday afternoon at the High Court in Charlestown Nevis.

According to the Bailiff, Mr. John Arthurton, SKN Resort LLC paid a check of US$ 27,500,000 immediately following the bidding proceeding. The check was payable to the Registrar of the Supreme Court.

“A thirty day grace period with which the full payment of US$ 59,151,000 is left to be paid including all taxes accrued,” he said.

Two bidders took part in the bidding process. They were Linda Tulloch on behalf of Credit Agricole and Lea Land on behalf of St. Kitts-Nevis Resort LLC.

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