THE CROWNE Plaza Hotel in St. Andrew, which opened for business just over four years ago, was expected to farewell its last guests at a cocktail party last night.
Built by Paul Chen Young's Eagle Financial empire before the entire group collapsed, the property cost an estimated $1 billion to construct and millions more to fit out. It formed part of the deal that saw Dr. Chen Young get $1.00 in 1997 in return for the debt ridden remains of the group.
The 130-room hotel/apartment complex is to be renovated and used to house the staff of the United States Embassy. It will also house the consular section of the Embassy, but not for another three years.
The property was purchased by the Americans for US$8 million ($360 million) late last year in a cloud of controversy. There was much objection from the Opposition Jamaica Labour Party whose members accused the Government of giving away prime property at pepper corn rates, while ignoring the plea of the residents not to relocate the embassy there.
Chris Sariego, general manager at the Crowne Plaza, said yesterday the hotel's last remaining guests/tenants were expected out by noon today. He said they had been notified of the impending closure two months ago, and about 50 per cent of the 135 workers at the hotel had already picked up other jobs.
Most, including 90 per cent of the management staff, have been placed in other hotels.
"We are ready for closure. Unfortunately it's sad that we are closing. It's a matter of life I guess. Life is full of changes and we have to move on," said Mr. Sariego.
During its four years of operation, the Crowne Plaza doubled as a hotel and apartment complex. It has apartments as large as five bedrooms and five bathrooms and catered to a mixed clientele including corporate travellers, business executives, leisure travellers as well as local patrons.
