At least four groups have expressed interest in buying Jolly Beach, with the Government hoping a sale could fetch close to EC$100 million.

Prime Minister Gaston Browne said the interested parties include groups linked to Marriott, Club Med, Iberostar and a Chinese investor that has offered between US$30 million and US$35 million.

The Chinese group has proposed developing a Rosewood-branded hotel, subject to the luxury brand’s approval.

No preferred bidder has been selected, and negotiations and due diligence are continuing.

This article was originally published by Antigua News Room. Read the original article here: Jolly Beach Attracts Multiple Buyers as Government Targets Near-EC$100M Sale.