CHARLOTTE AMALIE, St. Thomas -- The Renaissance Grand Beach Resort
in St. Thomas changed hands for the fourth time since the 290-room
resort on the island's east end opened in 1984.
Mexico-based Palace Resorts, with six all-inclusive properties
in and around Cancun, Mexico, purchased the former Renaissance
property for $9.75 million from local owners, ending six years of
Marriott International's management of the property.
Although the sale cuts Marriott's room inventory on St. Thomas
by about 21%, the firm still manages Marriott's Frenchman Reef and
Morning Star Beach Resorts and owns and manages the Ritz-Carlton,
The resort will likely become an all-inclusive, joining Wyndham
Sugar Bay Beach Club & Resort and Bolongo Bay Beach Club &
Villas in that category on the island.
Plans also call for a new spa, another restaurant and room
renovations. The Renaissance opened in 1984 as the Wyndham Virgin
Grand Beach Resort; switched to Stouffers in 1993 and to the
Renaissance in 1996.
Hurricane Hugo battered the beachfront resort in 1989, closing
it for nine months; Hurricane Marilyn closed it for a year in
To contact reporter Gay Nagle Myers, send e-mail to [email protected].