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    Late Sandals Resorts founder’s son allegedly waiting for dad’s beneficiaries to ‘die’ to avoid paying them: source

    By Chris Harris, Lauren Elkies Schram,

    23 days ago

    https://img.particlenews.com/image.php?url=193lH6_0tNnAKSu00

    The head of the Sandals Resorts empire is allegedly delaying payouts of millions of dollars his late father left for nine people because he’s waiting for them to “die,” a source told The Post.

    Billionaire Gordon “Butch” Stewart, 79, a father of eight, died of cancer on Jan. 4, 2021, in Miami, Florida.

    Now, son Adam Stewart — executive chairman of Sandals Resorts International — is delaying payouts of between $2.5 million to $20 million each to the remaining beneficiaries, as he is “waiting for the [seven others] to die,” a source close to the family said.

    https://img.particlenews.com/image.php?url=0RxMIb_0tNnAKSu00
    Late Sandals founder Gordon “Butch” Stewart (right) –with Cheryl Hammersmith-Stewart and their kids, Gordon Stewart, Kelly Stewart and Sabrina Stewart — died of cancer on Jan. 4, 2021. Alexander Tamargo

    A years-long feud between bickering families in Jamaica and the U.S. will soon play out inside a Bahamian courtroom over his estate, where also at stake will be control over the $4.5 billion chain of Caribbean beach resorts, according to the filings with the Bahamian Supreme Court.

    Stewart’s May 15, 2020, will name nine individuals — including trusted Sandals staffers he was close to.

    Two of the beneficiaries have died since Stewart’s death: first wife Erica Hamilton, to whom he left $15 million, died in mid-January, and Roger Seivright , a longtime Sandals employee who’d been left $10 million, died on May 19, 2023.

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    But Stewart updated his final wishes eight months later on Jan. 3, 2021, giving his widow, Cheryl Hammersmith-Stewart, and their children the largest stake in the company, she claims in legal filings.

    Adam, 43, is challenging the legitimacy of Hammersmith-Stewart’s claims.

    Nine received half of their payments in April 2023, and the seven surviving beneficiaries were set to receive the other half this April 17.

    https://img.particlenews.com/image.php?url=0jZXgp_0tNnAKSu00
    Sandals Executive Chairman Adam Stewart (with his late father) is accused of delaying payouts of between $2.5M to $20M each. Instagram @adamstewart

    Instead, they received emails clarifying the second payments should be made no later than April 24, 2025.

    Many of the remaining seven are elderly, including Stewart’s 82-year-old sister, Pat Hawryluk, who was diagnosed with dementia. “Who doesn’t look after their aunt?” wondered the source.

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    “[Adam] certainly wants to delay those payments or avoid payment altogether,” the source said, adding many of the seven surviving beneficiaries have openly supported Hammersmith-Stewart’s legal claims.

    https://img.particlenews.com/image.php?url=3PRVqi_0tNnAKSu00
    The Sandals empire was valued at $4.5 billion in 2019. Getty Images for Sandals Resorts

    “This is his way of expressing his unhappiness with them [for backing Stewart’s widow],” the source said. “He’s punishing these people for that.”

    Adam, who apparently owns multiple Jamaican homes, is “bitter” his mother was the only one of Stewart’s wives to be “left the total of zero” in the will, which has driven his “vindictiveness,” according to sources working with one of the seven remaining beneficiaries.

    “He’s not respecting what his father wanted,” a source said of Adam, who owns a private jet and drives around Kingston, Jamaica, in luxury cars with six-figure price tags.

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    Her brother had left her $20 million in his will, hoping she could live out her final days in comfort, sources said.

    Hammersmith-Stewart sued one of the two trusts established to distribute Stewart’s assets.

    Adam sits on the advisory board of one of the trusts, sources said.

    A win in court for Cheryl would prevent Adam from shaping the company’s future, reports the Jamaica Gleaner , who reviewed the Bahamian court filings.

    https://img.particlenews.com/image.php?url=0Hlt5J_0tNnAKSu00
    Joe Cinque, president and CEO of the American Academy of Hospitality Sciences (left) with Gordon “Butch” Stewart (center) and former NY Gov. George E. Pataki at Beaches Turks and Caicos Resort Villages in 2009. WireImage

    An attorney representing one of the non-familial beneficiaries told The Post he is preparing to sue Adam over the delayed payments.

    Adam and his attorneys did not respond to requests for comment.

    A court date has not been scheduled yet for the Bahamian case.

    For the latest metro stories, top headlines, breaking news and more, visit nypost.com/metro/

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