Elegant Hotels Group looks to add more hotels in Barbados

Elegant Hotels Group, the company that already owns and operates about a quarter of Barbados’ hotel accommodation, is reportedly planning to add more properties there before turning its attention to St Lucia and others.

Chairman Simon Sherwood told local paper Nation News that having raised £63 million and achieved a listing on AIM—the London Stock Exchange’s “market for small growing companies”—three months ago, Elegant is looking to “add a hotel every 12 to 18 months” to its portfolio.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

His announcement, in an interview released online, comes as the group which owns Colony Club, Tamarind, The House, Crystal Cove, Turtle Beach hotels, and Daphne’s Restaurant, is reporting “a solid performance,” highlighted by US$36.4 million in revenue (a 7.6 percent increase), increased occupancy, and US$16.3 million in earnings before interest, tax, depreciation, and amortization (an 11.7 percent increase). This was for the six-month period that ended March 31. 

Suggested Articles

This roundup features details on 15 new properties operating in the United States.

The survey is open to all multiunit hotel ownership and development companies. Results will be published in the October issue of Hotel Management.

The “Black Representation in Hospitality Leadership 2020” report examines the role of Black leaders, men and women, across the industry.