Hashtag: #NewsteadBelmontHills
Premier, Tourism Minister On Newstead
Following the Newstead Belmont Hills Golf Resort & Spa being placed in receivers’ hands after the Bank of N.T. Butterfield & Son Ltd. called in a multi-million dollar loan, Premier Paula Cox said the paramount concern is for the hotel to be in a position to continue as a going concern. Speaking on the Harbour Road tourism/residential property,... Read more of this article
Newstead: Ernst & Young Appointed Receivers
Officials have confirmed our report this morning that Newstead Belmont Hills Golf Resort & Spa was placed into receivership. The statement says that Ernst & Young Ltd., Bermuda have been appointed Receivers and Managers, and that “operations will continue to run under the management of the Receivers. The Receivers do not anticipate any... Read more of this article
Newstead Belmont Hills In Receivership
[Updated] Bernews unofficially understands the Newstead Belmont Hills Golf Resort & Spa was placed into receivership by the Bank of N.T. Butterfield & Son Ltd. this morning [Jan. 17]. Further details are expected to be announced later today. The old Belmont Hotel — shuttered in 1998 — was purchased by Belmont Hills Property Ltd.... Read more of this article
