Tag Archives: Paradise Beach Development

From Private to Public – Cinnamon 88 to CLEARWATER BAY, a concern for taxpayers

It started as a private project in 2006 under the name Cinnamon 88 Ltd and through the years morphed to Clearwater Bay Ltd a company registered to do business in 2010. The project has straddled both administrations starting with the late David Thompson and now rest uneasily with the incumbent Mottley who was a legal advisor to the failed project

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JADA’s Secret Company (Pharliciple) Listed in the Database Paradise Papers – PARADISE GONE

The startling revelation made public by Barbados Underground on February 20, 2018that the government of Barbados SOLD what Barbadians refer to as Paradise or Four Seasons needs a fuller explanation by Minister of Finance Chris Sinckler. Now that the parliament has been dissolved his promise to Barbadians that the matter would have been debated will have to wait until after

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Paradise LOST

Minister of Finance Chris Sinckler updated Barbadians in November 2014 that the Paradise deal was very close to being finalized – “…new equity partners have been found and are now doing their due diligence and once that exercise is completed, they too will sign up. Once that happens, Government will then be repaid its resources, and the project can get

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The State Of Villa Stock In The Caribbean

The video summarizes a Wall Street Journal article which made the rounds this week – Caribbean Getaways Ensnare Buyers. It explains the current state of the villa market in the Caribbean which does not bode well for the Paradise Beach Development (Four Seasons Project). With many similar projects on the skids in the Caribbean this translates to a reserve of

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Financial Meltdown, How Would It Effect Our Fragile Investment In Four Seasons?

Submitted by Old Onion Bags Greece’s political leaders struck a historic deal Thursday to make deep cuts in government jobs and spending to help save the country from a default that could shock the world financial system. Greece needs the bailout by March 20 so it will have enough money to redeem €14.5 billion worth of bonds coming due. If

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Market And Operations Study Of Four Seasons Barbados Hotel Project

The politically weighed Paradise Beach Development Project (Four Seasons) has become one of several hot potato issues in Barbados of late. Should the government intervene by investing NIS funds?  Are the original investors in the villa properties losing faith? A general election is looming and it is therefore very difficult to determine the motives behind many decisions. What is missing

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Notes From A Native Son: Four Seasons, The End

The scandal over the national insurance scheme’s so-called investment in the stalled Four Seasons hotel and villa complex has now run its rational course. There is clearly no business or economic case for the investment, despite special pleading from Professor Avinash Persaud, the public face of the development, and a moribund government anxious to make as show of competence before

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A Dozen Facts On Four Seasons Barbados

Extracted from the Facebook page of  Avinash D. Persaud posted on Wednesday, January 25, 2012 at 12:44am (FB time). Persaud is the Executive Chairman Paradise Beach Limited. It is a 110-key, Four Seasons operated and managed hotel, at Paradise on the west coast, plus Four Seasons-serviced villas and apartments, in all occupying 33 acres. The project was suspended in February

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