No details have been announced, but the manager of Caneel Bay Resort told the St. John Source "a complete overhaul of the property" is in the works.
Nikolay Hotze explained that those plans are behind Caneel’s eagerness to extend its operational agreement with the National Park Service. The current deal lasts another 15 years. But Hotze said it needs a new deal to attract investment capoital and financaing for the renovatiopn plans.
Earlier this week, the House of Representatives authorized the Park service to begin negotiations with Caneel. The resort employs 475 people, making it the island’s largest employer.
(Full story: http://www.onepaper.com/stjohnvi/?v=d&i=&s=News:Local&p=1203139720)
According to that article “Caneel has been in bankruptcy for 10 or 12 years …” Anyone know if that’s actually true? Wouldn’t that mean that Rosewood Resorts and Hotels is bankrupt also?