Shareholders to hear future plans for Almond Resorts

Shareholders to hear future plans for Almond Resorts

The parent company of Almond Resorts Incorporated was due to update shareholders this week on plans to sell the Barbados hotel chain amid reports of uncertainty about the company’s future.

The news came as the comnpany confirmed that UK & Ireland vice president sales and marketing Peter Hopwood is leaving at the end of this week to join Resort Marketing International.

The hotel chain confirmed a shareholders meeting was taking place in Barbados yesterday (Tuesday April 3) afternoon. The company has three properties in Barbados: the Almond Beach Village, Almond Beach Club & Spa and Almond Casuarina Beach.

Parent company Neal & Massy Holdings outlined plans to divest its interests in the under-performing hotel chain in its 2011 annual financial report, in which it said it hoped to complete the disposal of the hotels in the 2012 financial year. Since then there has been speculation about the future of the group's hotels.

The company would not comment further but said it would be providing a statement on the meeting’s outcome.

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