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January 27, 2015

Sagicor Real Estate X Fund Limited Acquires Hilton Rose Hall Resort & Spa and Chooses Aimbridge Hospitality to Manage their Fourth Upscale All-Inclusive Resort in Jamaica

Leading Jamaican Real Estate Investment Firm announces the purchase of the landmark Montego Bay property.

Kingston, Jamaica
Sagicor Real Estate X Fund Limited announces that it has purchased the iconic Hilton Rose Hall Resort & Spa in Montego Bay, Jamaica. Sagicor and its managed fund, which owns three Jewel Resorts in Jamaica, completed its acquisition of the Hilton Rose Hall Resort & Spa, and has appointed Aimbridge Hospitality to manage this resort. Sagicor resort portfolio now includes 1,230 room keys on the island.

Recognized in Jamaica and throughout the world as one of the island’s true gems, the all-inclusive Hilton Rose Hall Resort & Spa has undergone over $50 million in renovations over recent years. The property features 489 newly designed guestrooms and suites, 1,800 feet of private, secluded beach, Soothe Spa, remodeled meeting space and one of the largest and most acclaimed water parks in the Caribbean, Sugar Mill Falls.

Sagicor Life Jamaica president and ceo Richard Byles proudly confirmed the purchase of Hilton Rose Hall Resort & Spa. “Established as a prestigious landmark resort complex, this property is the perfect addition to our resort assets,” stated Byles. According to Byles, the tourism sector is a major growth area and foreign exchange earner for Jamaica. “We are continuing our capital investment in the island’s tourism sector, as well as the local work force here in Jamaica,” Byles added. “Our resorts are some of the most successful on the island, and our focus on the guest experience is paramount.”

The resort will operate as Hilton Rose Hall Resort & Spa, under the management of Aimbridge Hospitality and general manager Carol Bourke. Guests of the resort will continue to have access to Hilton benefits, including the ability to participate in the Hilton HHonors® guest loyalty program. Meeting planners will continue to earn Hilton Event Planner Points by booking meetings at the resort.

“We are extremely proud to add one of Jamaica’s most legendary and historic properties to our hotel portfolio,” stated Rohan Miller, chief executive officer, Sagicor Investments Jamaica. “Beloved by many and steeped in history and tradition, this resort is a great complement to the Jewel resort brand of all-inclusive resorts, recognized for exceptional service, program offerings and true hospitality.”

About Hilton Rose Hall Resort & Spa

Set picturesquely on the legendary 400-acre Rose Hall Plantation is Hilton Rose Hall Resort & Country Club, a modern blend of history in a magnificent setting. This dramatic resort features the nearby Cinnamon Hill Ocean Golf Course, an 18-hole championship golf course designed by Robert Von Hagge and Sugar Mill Falls, and one of the largest and most spectacular water attractions in the Caribbean, including a thrill slide, natural lagoons, three terraced pools, "lazy river" and cascading waterfalls. Guests revel poolside while a pool concierge attends to their every need, from refreshing mists of water to skewers of juicy fruit. In addition to 489 chic and modern new rooms and breathtaking views, the resort features a 1,800-foot stretch of private secluded beach, Soothe spa, a reimagined poolscape and boat dock, six exceptional restaurants and three bars for nighttime diversions, lighted tennis courts, fitness center, Kids Klub and watersports center for sailing, SCUBA, kayaking and snorkeling and is just minutes from Sangster International Airport.

Hilton Rose Hall Resort & Spa offers 41,000 square feet of versatile meeting space, including the 7,800 square foot Cinnamon Hill Ballroom, plus the 15,000 square foot pool deck that can be used as three separate function areas. Truly, some of the most flexible and modern meeting space on the island. For reservations, please visit RoseHallResort.com or telephone 876.953.2650.

About Sagicor Life Jamaica Limited

Sagicor Life Jamaica Limited is the leading life insurance group in the country. The company commenced operations in 1970 as Life of Jamaica Limited, the first locally owned life insurance company and the first life insurance company to be listed on the Jamaica Stock Exchange (JSE). Since its inception, Sagicor Life has gained a solid reputation as an innovator and leader in the Caribbean life insurance industry. The company continues to be the market leader among local life insurance companies.

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