Wyndham Kingston sale ads up and running - Business - Jamaica Gleaner - Thursday | April 5, 2012

Wyndham Kingston sale ads up and running - Business - Jamaica Gleaner - Thursday | April 5, 2012: "Following the failed application by Delroy Howell's Ocean Chimo Limited for an injunction against the RBC Jamaica, formerly RBTT Bank Jamaica, to prevent the sale of its hotel in New Kingston, the property has now been placed on the market to recover billions in debt.

The hotel currently operates under the Wyndham brand.

Coldwell Banker Jamaica is marketing the full-service, 303-room property, which was bought in 2008 by Ocean Chimo for a price in the ballpark of US$50 million.

Attempts to reach Howell of Ocean Chimo and the management of the Kingston hotel for comment were not successful.

However, Ocean Chimo's last annual returns indicated that the company was US$28.899 million - approximately J$2.5 billion) - in debt at the end of 2010."

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