Sandals has decided to terminate its lease with the owners of the Sandals Dunn's River Villaggio Golf Resort & Spa in Ocho Rios, Jamaica with effect May 31st, 2010. Sandals Resorts International has leased and operated the property for the past 15 years.
Sandals released the following statement: "As part of its unwavering commitment to guests, Sandals Resorts has reached a mutual agreement with the owners to maintain full operations through July 2010 in order to accommodate existing bookings. Guests scheduled to stay at Sandals Dunn's River following July 31, 2010 will have the option to change their booking to any like accommodation at other Sandals Resorts in the Caribbean without penalty or change fees. Airline change fees may still apply if guests change to another destination or change travel dates."
'Sandals Resorts International chooses an ownership strategy as a whole and as such the Sandals Dunn's River lease no longer fits our current business model. We continually strive to improve our products for consumers and therefore require the flexibility to implement changes without restrictions and to improve, upgrade and maintain our resort product on an ongoing basis. This was not possible under our current lease terms at Sandals Dunn's River and was the guiding reason behind our decision.'
