The owners of The Landings St. Lucia, an all-suite, luxury villa Caribbean resort, have acquired the assets of the insolvent development company associated with the property.
The Landings St. Lucia recently announced that the more than 140 owners of the resort have successfully pooled their resources to create a fully owned, operated and managed hotel and residence community.
John Copeland, executive director of The Body Corporate, which headed a consortium to acquire the developer's $11 million in assets, said the acquisition allows the new management team to fully focus their energies on upgrading the guest experience at the already highly-rated resort.
"It's been a lengthy road to get this uncertainty behind us," said Copeland in a written release, "but it's also been a blessing in disguise because we can now complete our development plans sustainably without pursuing the original goal of doubling the size of the existing accommodations."
With 85 of the 146 spacious and fully-loaded designer suites in the current rental pool, The Landings has recently introduced a premier concierge service, butler service and new restaurant as well as upgrades to its watersports facilities. A new retail shop, deli and laundry are planned.