Travel

Jamaica’s Palmyra Resort in Receivership

By: Caribbean Journal Staff - July 27, 2011

The $150 million Palmyra Resort and Spa in Rose Hall, Jamaica, has been placed in receivership by local banks, according to sources. National Commercial Bank, likely the hotel’s largest creditor, is owed $88 million in financing. Kenneth Tomlinson, the CEO of Business Recovery Services, has been named the receiver. [Jamaica Observer]

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