#Jamaica #Ocho Rios #Dolphin Cove #Marine Attractions #Leisure Investments

World of Dolphins Explores Sale of Stake in Dolphin Cove Ltd.

Introduction
In a significant development in the marine attractions sector, World of Dolphins Inc., a subsidiary of Leisure Investments Holdings LLC, has announced its intentions to explore the sale of its 79.99% stake in Dolphin Cove Limited. This Jamaican company, listed on the Jamaica Stock Exchange under the ticker DCOVE, has garnered a reputation for providing immersive dolphin encounters and adventure experiences to visitors.

Details of the Sale

According to the recent announcement, interested parties looking to acquire some or all of the majority stake are encouraged to contact Greenhill & Co., LLC, designated as the investment banker for this transaction. This strategic move by World of Dolphins comes amid macroeconomic challenges that have led the parent company to file for Chapter 11 bankruptcy protection. However, it's important to note that neither World of Dolphins nor Dolphin Cove has filed for such protection, allowing Dolphin Cove to continue its operations independently.

Overview of Dolphin Cove Limited

Dolphin Cove Limited, established in 1998, operates multiple premier marine attractions along Jamaica's iconic north coast. The company is well-known for its facilities in Ocho Rios, Moon Palace, Jamaica Grande, and Lucea, where guests can participate in unforgettable dolphin programs, explore adventure parks, and engage with diverse marine wildlife. The company also provides a range of services, including dining options, retail, and other entertainment offerings, making it a leader in experiential tourism in Jamaica.

The Attractions and Experiences

Guests of Dolphin Cove can embark on exhilarating adventures, including thrilling encounters with dolphins and other marine creatures. The company boasts an adventure park featuring ziplines, off-road vehicles, and scenic waterfalls, ensuring a memorable experience for visitors of all ages. Under the leadership of founder Stafford Burrowes, who retains a minority stake and serves as the Chairman of the Board, Dolphin Cove has remained committed to delivering high-quality attractions and experiences, solidifying its status as a must-visit destination in Jamaica.

Health of the Parent Company

While the announcement comes on the heels of financial restructuring at Leisure Investments Holdings LLC, which operates over 30 marine parks globally, it is crucial to understand that the sale of the stake in Dolphin Cove is an independent move aimed at securing the company’s further growth and sustainability. Dolphin Cove Limited continues to thrive without being directly affected by the bankruptcy filing of its parent company, thereby presenting a unique opportunity for prospective investors seeking to enter or expand in the marine tourism sector.

Next Steps for Interested Investors

For those interested in exploring this investment opportunity, Greenhill & Co. will facilitate the process. Interested parties can expect to receive a non-disclosure agreement and gain access to a detailed data room, which includes crucial information and a timeline regarding the sale process.

Conclusion

The potential sale of the majority stake in Dolphin Cove by World of Dolphins Inc. represents an exciting opportunity for investors looking to engage in the marine attractions industry, particularly in a vibrant market like Jamaica. As the tourism sector rebounds, Dolphin Cove stands to benefit significantly, making this an opportune moment for interested parties to consider involvement in this dynamic and growing market.

For further inquiries and information regarding the sale, potential buyers may reach out directly to Greenhill & Co. at the provided contact details.