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Blue Diamond buys Punta Cana property

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Published on 10/07/12 - Updated on 17/03/22

Blue Diamond Hotels & Resorts announced on Monday that it bought the Grand Paradise Bavaro Beach Resort, Casino and Spa, located in Bavaro, Dominican Republic, near Punta Cana.

The amount of the purchase has not been disclosed. Blue Diamond took over management of the resort, which will continue to operate as Grand Paradise Bavaro Beach Resort through to April 30, 2013. Then the resort will be closed for a six-month renovation period. The resort will reopen in November 2013 as the 5-star, all-inclusive Memories Punta Cana Beach Resort and Spa.This acquisition is Blue Diamond's second wholly owned and managed property, following the recent purchase of the ex-SuperClubs resort in Trelawny, Jamaica, currently undergoing a US$40 million renovation before it reopens as Memories White Sands Beach Resort & Spa later this year. Blue Diamond Hotels & Resorts is a division of Sunwing Travel Group, Toronto.“With the increase in demand for Punta Cana and the scarcity of available rooms, the destination was the obvious choice for our next expansion of the hotel division,” said Stephen Hunter, Sunwing Travel Group president & CEO. “Already a popular resort on a perfect wide expanse of white beach, we have ambitious plans to differentiate the resort under our Memories brand next year.”

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