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Lee Chin buys Blue Lagoon
Billionaire Michael Lee Chin has finalised an agreement with the Marzouca family for the purchase of the Blue Lagoon villa in Portland. This represents the latest chapter in the aic chairman's aggressive acquisition strategy in the Caribbean and gives him another foothold in the lucrative tourism and entertainment industry.
Michael Lee Chin
Lee Chin, in an interview with Sunday Finance on Friday, said he wished "not to go into details" about how much money he paid the Marzoucas for the 2.5-acre mini-resort, but confirmed that a deal was completed last week. He stated that though there were "no definitive plans" as yet, the long-term goal is to transform the Blue Lagoon into an even bigger attraction than it is now.
"The Blue Lagoon is one of our national treasures, and as a national treasure it has to be respected and be a destination in itself," said Lee Chin. "What do we do with that natural beauty? That is still on the drawing board but eventually we will build a major attraction that will attract people from all over the world."
The blue lagoon was once the home of famous french writer, Robin Moore, who sold it to the Marzoucas. The site includes villas, a mineral spring and a restaurant.
Valerie Marzouca didn't say what prompted the family's decision to give up ownership of the resort, but stated that it had attracted a lot of interest from local and overseas bidders.
Marzouca stated that under her family's control, the resort was attracting up to 500 visitors per week, comprising of many "a-list" Hollywood celebrities. She stated that the family sold it to Lee Chin because the entrepreneur was Jamaican and he had his origins in the parish of Portland.
"It is a first-class destination and attraction. it was very popular and we had a lot of guests," said Marzouca. "The reason I chose Mr Lee Chin was because I know that his heart belongs to Port Antonio because that's where he was born."
This latest investment is indeed only Lee Chin's latest thrust into the local tourism and entertainment sectors. The Jamaican/Canadian businessman's other investments in the industry are the Trident Hotel in Port Antonio, Reggae Beach in Ocho Rios and CVM Communications Group. Tourism has become the leading driver of Caribbean economies and this has not escaped the dynamic head of AIC.
Jam observer
Billionaire Michael Lee Chin has finalised an agreement with the Marzouca family for the purchase of the Blue Lagoon villa in Portland. This represents the latest chapter in the aic chairman's aggressive acquisition strategy in the Caribbean and gives him another foothold in the lucrative tourism and entertainment industry.
Michael Lee Chin
Lee Chin, in an interview with Sunday Finance on Friday, said he wished "not to go into details" about how much money he paid the Marzoucas for the 2.5-acre mini-resort, but confirmed that a deal was completed last week. He stated that though there were "no definitive plans" as yet, the long-term goal is to transform the Blue Lagoon into an even bigger attraction than it is now.
"The Blue Lagoon is one of our national treasures, and as a national treasure it has to be respected and be a destination in itself," said Lee Chin. "What do we do with that natural beauty? That is still on the drawing board but eventually we will build a major attraction that will attract people from all over the world."
The blue lagoon was once the home of famous french writer, Robin Moore, who sold it to the Marzoucas. The site includes villas, a mineral spring and a restaurant.
Valerie Marzouca didn't say what prompted the family's decision to give up ownership of the resort, but stated that it had attracted a lot of interest from local and overseas bidders.
Marzouca stated that under her family's control, the resort was attracting up to 500 visitors per week, comprising of many "a-list" Hollywood celebrities. She stated that the family sold it to Lee Chin because the entrepreneur was Jamaican and he had his origins in the parish of Portland.
"It is a first-class destination and attraction. it was very popular and we had a lot of guests," said Marzouca. "The reason I chose Mr Lee Chin was because I know that his heart belongs to Port Antonio because that's where he was born."
This latest investment is indeed only Lee Chin's latest thrust into the local tourism and entertainment sectors. The Jamaican/Canadian businessman's other investments in the industry are the Trident Hotel in Port Antonio, Reggae Beach in Ocho Rios and CVM Communications Group. Tourism has become the leading driver of Caribbean economies and this has not escaped the dynamic head of AIC.
Jam observer
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