Hotelier Gordon ‘Butch’ Stewart has died in the United States at age 79. Stewart was the Founder of Sandals Resorts, Beaches Resorts, and their parent company, Sandals Resorts International, as well as The ATL Group and The Jamaica Observer. Stewart was a pillar of the Jamaican hotel industry. He was a recipient of the Order of Jamaica and a Commander of the Order of Distinction and amassed numerous accolades for his decades of pioneering contributions to the sector. Stewart’s son, Deputy Chairman of the Sandals Group, Adam Stewart, says his late father was recently diagnosed with an illness. However, in a memorandum Adam said the hotel mogul chose to keep the diagnosis private. It is with great sadness that I share with you today the passing of our founder and Chairman, and my father, Gordon 'Butch' Stewart. In 1992 when the Jamaican dollar came under severe pressure from foreign exchange speculators, 'Butch' Stewart sold his company's foreign currency into the formal banking system at a set rate. That became known as the 'Save the Dollar' initiative. Tributes have been rushing in for businessman and hotel mogul. He would have turned 80 this year. [Source]
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