Cosmos property

[Gwhizman]

I understand Beaches bought the property... any movement on development?

Pictures would be useful!

[Marblehead]

Sorry to hear that it didn't stay locally owned. It's unlikely to stay in it's former traditional food, well prepared in a rustic setting. Heart breaking.

[Bnewb]

Sorry to hear that it didn't stay locally owned. It's unlikely to stay in it's former traditional food, well prepared in a rustic setting. Heart breaking.

A Jamaican purchased the property.

[Marblehead]

That's encouraging, Bnewb!

[pine tree john]

is it butch stewart ?

[Rob]

Yes, it is! Well, technically his son Adam now...

[johng]

Yes pine tree john THAT "Butch" Stewart: For more than three decades Gordon 'Butch' Stewart was said to be "The man called the 'King of All-Inclusive Resorts' and the 'Master of Marketing', has blazed a trail of far-reaching entrepreneurship, spearheading two-dozen diverse companies that are collectively Jamaica's largest private sector group, the country's biggest foreign exchange earner, and its largest non-government employer.

This focuses on the subsidies from Jamaican taxpayers, which is fair, but to say that Sandals or some other hotel in Jamaica should benefit is the exact opposite of the argument made when Butch Stewart owned Air Jamaica before it fell into bankruptcy the airline that he was using to benefit his hotel chains and his pals!
You can't have it both ways.

I hope Cosmo was a good bargainer!!! His property was prime real estate, a place where tourists and Jamaican's alike could visit, eat, drink, swim and be happy for a fair sum. Time will tell what the Stewart Family does with the sacred legacy that was???

[Bnewb]

I hope Cosmo was a good bargainer!!! His property was prime real estate, a place where tourists and Jamaican's alike could visit, eat, drink, swim and be happy for a fair sum. Time will tell what the Stewart Family does with the sacred legacy that was???

Johng...are you saying he owned the land?

[Mike_D]

Johng...are you saying he owned the land?

Let's not glance over this important point. It appears a lot of us are assuming that Cosmo owned the property. Maybe someone else owned the land and Cosmo had no choice but to close.

[Rob]

...For more than three decades Gordon 'Butch' Stewart was said to be "The man called the 'King of All-Inclusive Resorts' and the 'Master of Marketing', has blazed a trail of far-reaching entrepreneurship, spearheading two-dozen diverse companies that are collectively Jamaica's largest private sector group, the country's biggest foreign exchange earner, and its largest non-government employer....

To be fair to the Jamaica Observer and honour their copyright, the above lines are a direct quote from a February 2013 article.

http://www.jamaicaobserver.com/news/...ccess_13713568

Further down in the same article it states about Butch Stewart and the acquisition of Air Jamaica:

"Not long after, in 1994, Stewart agreed to take over leadership of the ailing Air Jamaica, at the time, the national carrier of the country and the Caribbean's largest regionally based carrier. It was a daunting task, but Stewart's formula prevailed. He improved the passenger experience, provided increased staff training and expanded routes. In late 2004, Stewart gave the airline back to the government with an increase in revenue of over US$250 million."