Racebrook Marketing Concepts of Jamaica, and its auction affiliate Sheldon Good & Company, extends the March 28th auction of The Palmyra Resort & Spa, a luxury hotel and residential complex located in the elite Rose Hall enclave of Montego Bay on Jamaica’s “Gold Coast”, to April 18th. The extension will provide interested bidders with additional information and time to conduct their necessary due diligence and formalize their bids on the property.
To date, the auction program has received both national and international interest from prospects around the world, including Asia, Australia, Canada, the United States, South America, Europe and throughout the Caribbean.
John Cuticelli Jr., President and CEO of Racebrook Marketing Concepts, said: “Due to the nature of this offering; the need for comprehensive due diligence; additional information provided by the Receiver; as well as date-certain terms of the auction, prospects required additional time to prepare their offers.”
The Palmyra Resort & Spa is a 280+ room boutique hotel/condominium complex encompassing three towers that are surrounded by numerous income-generating components. The property features a variety of guest unit types, all with unmatched views of the Caribbean Sea. The auction offering also includes eleven private villas, four food and beverage facilities, a state-of-the-art spa structure, beautiful club house, ample conference and event space, seaside swimming pools and a self-contained power plant all located on-site.
The new sealed bid auction deadline will be on Wednesday, April 18, 2012 at 4 pm Eastern Daylight Time. Bids are to be delivered to Racebrook Marketing Concepts, Attn: Palmyra Project Management Team, 488 Madison Avenue, Suite 201, New York, NY 10022, USA. For more information on the auction and to view the property by appointment, call (212) 213-0822 or visit www.ThePalmyraAuction.com
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