The Caribbean saw another hotel transaction this week with Palace Resorts announcing that it is purchasing the 730-room Sunset Jamaica Grande, located in Ocho Rios, Jamaica, for an undisclosed sum.
Palace Resorts, Miami, will assume ownership of the property on July 7 and plans to close it for renovations starting September 1. The property will be rebranded and reopen as Moon Palace Jamaica Grande in 2015.
