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Blythe to offload Golden Seas resort

Published:Wednesday | April 25, 2012 | 12:00 AM
Neville Blythe, head of the UGI Group of Companies.

Golden Seas resort in St Mary has been placed on the market by owner Neville Blythe, who has hired Coldwell Banker Jamaica Realty to sell the 79 room property.

The resort, which sits on 8.14 acres of beachfront lands, was formerly leased by failed investment scheme Cash Plus Limited, which did not exercise the option to acquire it after a much-advertised plan to purchase.

The hotel, located close to the James Bond Beach and FireFly home of famous author Noel Coward, was built in 1950 and then renovated in 2007.

Coldwell Banker says the property is vacant and ready for redevelopment.

The existing structure is a mixture of apartments and cottages spanning 73,025 square feet.

Blythe is chairman and director in Sweet River Limited which owns the property, according to Companies Office of Jamaica records.

In 2007, Carlos Hill of Cash Plus initiated purchase of the resort from the businessman, but did not complete the deal.

Blythe, through an agent, declined to disclose his reasons for selling. He remains owner of the 60-room Morgan's Harbour hotel in Kingston.