Monday, April 29, 2024

Locals buying into hotels

Date:

Share post:

Barbados’ south coast hotel stock is in for a major boost with one large closed property being brought back into operation and another being refurbished.
The dilapidated Sandy Beach Hotel in Worthing, Christ Church, has been bought by a “prominent local hotelier” and will be rehabilitated and put back into operation as a condominium-style hotel, while Amarylis in Hastings, also recently purchased by local interests, will be refurbished in time for the coming winter season.
Minister of Tourism Richard Sealy informed the House of Assembly of these developments Tuesday when he introduced a resolution to compulsorily acquire the Sam Lord’s Castle property in St Philip for a 450-room hotel development.
He also disclosed there were applications to the Barbados Tourism Authority Inc. and the Ministry of Tourism for the construction of “two branded hotels” in the Lower Bay Street, St Michael area. Both hotel projects are part of partnership ventures being led by a local group of investors whose names were not revealed, an indication of the increase in domestic investment in hotels. (GC)

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Related articles

Fogging Schedule for May 2 and 3

The Vector Control Unit will conduct its fogging exercise for two days next week due to the upcoming...

Choppy seas expected along west coast of Barbados

The Barbados Meteorological Services (BMS) is advising the public of potential rough seas impacting the west coast of...

Sean ‘Diddy’ Combs seeks to toss portion of sexual assault and ‘revenge porn’ civil suit

Attorneys for embattled musician and producer Sean “Diddy” Combs are asking a New York court to throw out portions of a...

Elon Musk in China to discuss enabling full self driving

Elon Musk is visiting Beijing with media reports saying he aims to discuss enabling autonomous driving mode on...