Sunday, October 3, 2010

Local hotelier to buy majority stake in Jamaica Pegasus

LOCAL hotelier Kevin Hendrickson has inked a deal with the Government to buy its near 60 per cent stake in Jamaica Pegasus hotel in Kingston for US$11 million ($947.6 million).

The deal will more than double Hendrickson's rooms under management in Kingston and St Andrew and give him control of 40 per cent of the capacity in the Corporate Area.

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