Novamed has acquired the Knutsford Court Hotel in New Kingston from business leader Kevin Hendrickson through a specially created vehicle Novamed Properties.
The deal which is expected to close in three months, is valued at over US$40 million.
Novamed plans to transform the property into a model business and lifestyle
village.
Novamed is led by Founder Dr. David Walcott along with Mr. Kirk-Anthony Hamilton who heads Tech Beach Retreat and Roots Financial Group founder, Kevin Donaldson.
Hendrickson, who also owns the Courtleigh and Jamaica Pegasus hotels, is concentrating efforts on redeveloping the former Wyndham Hotel - all located on Knutsford Boulevard in New Kingston.
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