by Joe Pike
Cap Juluca in Anguilla has been sold to an investor syndicate led by Adam Aron, the former chairman and CEO of Vail Resorts and former president and CEO of Norwegian Cruise Line. Terms of the purchase were not disclosed. The new ownership plans to invest about $80 million to fully renovate the resort in phases so the property can remain open. In addition, a new spa, retail shops and resort pool will be built. No timetable was released on when the renovations would be completed.