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May 16, 2004

Caneel Bay's new owners plan smooth transition

By TIM FIELDS
Saturday, May 15th 2004

ST. THOMAS - St. John-based CBI Acquisition LLC purchased the luxury Caneel Bay Resort on St. John in a multimillion-dollar deal this week.

CBI Acquisition's purchase of the 166-room luxury hotel from New York-based Deutsche Bank will not affect the 450 employees, Brian Young, the resort's general manager, said Friday.

"We will work very hard to make this a seamless transition," he said.

Click here for the whole article

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