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Halfwindy said:
If I'm not mistaken, N is still run by the Jamaican government. Name a government that knows anything about business. <img src="http://www.traveltalkonline.com/forums/images/graemlins/duh.gif" alt="" />


Unless it has been sold (there are rumors), the property is owned by the Development Bank of Jamaica. It is in receivership. They have been trying to sell it for several years now (anyone got $10M to spend?) They are leasing it to Franklin D. Rance, who is running it. He originally built it as FDR Pebbles resort and owned it before it was taking into receivership and I assume they figure they are better off letting him continue to run the resort rather than letting it go empty (and return to nature pretty quickly). Rance is the same guy as FDR Resort and if you book N, you will do so through the FDR Resort people.

I would assume that, since it could be sold at any time, that they don't want to invest in marketing. I think that's an unwise choice, since they could likely be filling the resort more in the short term and maybe buy it back (they owed $4.5M, BTW).

Interestingly enough, the resort had been for sale at http://www.liquidateitja.com/properties.php for a couple years, but is not listed now. That may be a sign it has been sold.

Gleaner article about the property (early 2012)