Hedonism Resorts - History

History

Hedonism II

Hedonism II opened in 1976 as "Negril Beach Village" and took its current name in 1982. The resort was built by the Government of Jamaica at a cost of $10 million. It is on 22 acres (89,000 m2) at the northern end of Negril beach and has 280 rooms (2-story buildings). A fifty percent (50%) interest in the hotel was taken by the SuperClubs in 1989. SuperClubs purchased the remaining fifty percent (50%) of the resort in 1999 from the Financial Sector Adjustment Company Limited (FINSAC), a unit of the Government of Jamaica, for $12.25 million. In November 2012 the resort was sold to a newly formed company Marshmallow Ltd headed by members of the lifestyle group called The Fluffernutters with a minority stock held by the Issa family.

Hedonism III

Hedonism III followed in 1999 in Runaway Bay. The resort was built on 10 acres (40,000 m2) and contained 225 rooms (3-story buildings). On May 12, 2010, it was announced that Hedonism III would close in August 2010 to allow for the resort to be remodeled. The resort re-opened on October 14, 2010, as SuperFun Beach Resort and Spa catering to a wider market through additional tour operators. SuperFun Beach Resort entered receivership in March 2011 and closed in June 2011. While an adult only resort, SuperFun did not allow topless or nude sunbathing but did charge for premium liquor and motorized water sports. The property was leased to SuperClubs by the Development Bank of Jamaica. The hotels first-ranked secured lenders are Caribbean DevelopmentBank, PanCaribbean, and Development Bank of Jamaica.