The Palapa Bar and Grill property under new ownership.
Thursday, March 12th, 2015
Press Release – The Palapa Bar and Grill – March 2, 2015 – An iconic San Pedro landmark – the Palapa Bar and Grill property – is now under new ownership. The well-known, over the water tourist destination and its picturesque frontage property on the northern part of the island was purchased in January, 2015 by the “Palapa Palms Resort”.
The Palapa Bar and Grill property is well known, with extensive positive reviews (over 1,340 on Trip Advisor alone) in the international media such as Lonely Planet and Caribbean Living Magazine to name a few. Located at the end of a pier in the Tres Cocos area of San Pedro, the bar features a magnificent view of the Belize Barrier Reef from its upper deck, and cool inner tube seating right in the sea!
The new owners plan to re-develop the famous Palapa property, maintaining its character and charm while increasing the overall quality of the product. They are also in the design phase for the Palapa Palms Resort – a new, family friendly resort that will leverage green building and efficient energy management. The Resort owners say that “Our vision for the development of the property is to build on the great reputation of the Palapa Bar and Grill and create a unique boutique resort that will both compliment the Tres Cocos area and be a sought after destination location.”
They stress that no jobs will be lost under the purchase and the ten staff members currently employed by the Palapa Bar and Grill have already been informed that their professional services are valuable and will be retained should new operators take over. The current lessors of the bar are also secure under their existing contract until the end of 2015. The new owner is currently accepting new lease offers; and is currently in negotiations with several new entities.
The Palapa Palms Resort promises to be an exciting tourism addition to San Pedro’s spectacular North side, complementing the already successful Palapa Bar and Grill!
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