Jamaica Announces Major Deal To Add 3,000 New Hotel Rooms By 2021
Bruce Parkinson, Open Jaw
Jamaica Minister of Tourism Edmund Bartlett announcing major hotel deal.
Jamaica has announced a major deal with two Spain-based hotel chains that will see a combined 3,000 new hotel rooms for the island by 2021.
Jamaica’s Minister of Tourism Edmund Bartlett announced at FITUR in Spain this week that Jamaica had secured US$750 million in investment from H10 Hotels and Princess Hotels & Resorts.
H10 Hotels will construct 1,000 new rooms in Trelawny at a value of approximately US$250 million. The hotel chain currently has more than 55 properties in 18 destinations. Princess Hotels and Resorts, meanwhile, has 19 hotels. It will construct 2,000 new rooms in the area of Hanover, at a cost of US$500 million.
“The value of this investment cannot be overstated as it will transform our tourism product and allow for heavier marketing of the destination,” Bartlett said.
Currently Jamaica’s room stock is 32,000. As part of the Ministry’s growth strategy, the aim is to add 15,000 additional rooms by 2022.
“These mega projects are ready to go. Funding is in place, lands have been purchased and development ready to begin following the requisite approvals being granted. In fact, H10 will officially break ground on 6FEB and Princess Hotels will do so by mid-February,” said Bartlett.
Bruce Parkinson Editor-in-Chief
An observer and analyst of the Canadian and international travel industries for over 25 years, Bruce uses the pre-dawn hours to prepare a daily news and information package to keep industry members up to date.