Misland Capital has completed the acquisition of Sugar Beach, a Viceroy-flagged property in St Lucia.
Misland is the investment fund of the Green family of Bermuda.
The Greens have considerable experience in the leisure industry, being former shareholders of the Maybourne Group, owners of The Connaught, The Berkeley and Claridges in London.
They are beneficial owners of the Hamilton Princess & Beach Club, a luxury urban resort, Bermuda’s leading business hotel.
Alexander Green, said: “Following our visits to Sugar Beach, we are extremely excited about the possibilities the resort holds.
“It is a spectacular hotel and we will continue the sensitive development of this unique UNESCO World Heritage site and in keeping with the successful stewardship shown by the previous owners.
“We are impressed with Viceroy’s management team who will continue to operate the resort and have already begun thinking about ways in which the hotel can be taken to the next level in terms of amenities and guest experience.”
Sugar Beach, formally the Jalousie Plantation, was developed by the Myers family who became beneficial owners in 2006.
Nestled between St Lucia’s iconic pitons, set in 130 acres of pristine rainforest on the site of an 18th century sugar plantation, it is now established as one of the leading five-star resorts in the Caribbean.
Roger Myers said: “It is with very mixed feelings that we are selling the resort, but we have decided to take things easier.
“We have had a wonderful experience and can’t thank everyone enough for their help in creating Sugar Beach.
“We have nothing but respect and affection for everyone who has worked with us.”