EC$135 Million Secured For Hotel Development At Mount Wynne

This country will soon have an international hotel brand operating here; this after the government secured a loan from Taiwan.

Prime Minister Gonsalves on Thursday 7th June 2018 said he was notified by the Taiwanese’s embassy here about the approval of a US 50 Million dollar loan.

The US $50 million or EC 135 Million dollars soft loan will go towards the construction of a 250-room hotel at Mount Wynne.

Gonsalves noted that the government intends to build the hotel, however, it will engage a company with a global brand to market and manage it.

In February of 2018, the Minister of finance Camilo Gonsalves stated that the Government intends to construct a state-owned, private-sector managed hotel or hotels to add 200 – 350 rooms to the current stock of high-quality tourist accommodation.

This model he said is common throughout the region, with the Barbados Hilton,  Trinidad Marriott and Saint Kitts and Nevis Marriott being just a few of the many state-owned facilities that are managed by major international brands.