The Sugar Bay Resort & Spa in St. Thomas, U.S. Virgin Islands was recently sold to DV USVI Investment Group for $20 million.
A spokesperson for the USVI Department of Tourism confirmed the sale to Caribbean Journal Invest.
Greython Construction has already been selected by new owner DV USVI Investment Group to act as general contractor for the hotel renovation and expansion of Sugar Bay.
The first phase of work includes interior and exterior demolition, exterior EFIS and paint, structural reconstruction, exterior glazing and glass, renovation of 323 hotel guest rooms and bathrooms, reconstruction of the registrar building including three restaurants, new elevators, new staircases and railings, new mechanical, electrical, plumbing, fire protection systems, and interior drywall, acoustical ceilings, and paint.
Work is scheduled to commence immediately and Phase I is scheduled to take 12 months to complete.

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With offices in Mystic CT, San Diego CA,  St. Louis MO, St. Thomas USVI, and St. Lucia, Greython Construction is a nationally and internationally recognized builder and developer. Our projects have won numerous awards due to our first-class team, attention to detail, appreciation for design, exemplary quality, and a belief that communication is the key to translating a blueprint into reality.