CJ Invest
Login

St Kitts’ Ocean Terrace Inn Receiving $5M Loan For Upgrades

By: Caribbean Journal Staff - June 18, 2013

Above: the Ocean Terrace Inn

By the Caribbean Journal staff

St Kitts’ Ocean Terrace Inn will be receiving a $5 million loan from the St Kitts and Nevis Sugar Industry Diversification Foundation, the government announced.

The loan will go toward upgrades to the project, which is the oldest boutique hotel in the twin-island federation.

“The loan to the landmark hotel will include substantial improvements to the hotel plant, infrastructure and amenities and the use of state of the art green technology for energy conservation,” the SIDF said in a statement.

The loan was given to its parent company, the St Kitts-Nevis-Anguilla Trading and Development Company.

“In making the loan, SIDF is executing one of its purposes of supporting, financing or undertaking the development of new and existing industries, projects or enterprises,” the SIDF said in it statement.

The Sexiest Beaches in the Caribbean to Visit Right Now

One is a beach with a nightclub-style pool right next door. Another is filled with beach bars — and even has its own au natural corner. Then there’s a beach that’s practically a nonstop party. There are so many things that […]

The Best Caribbean Islands to Visit This Summer, From Antigua to St Croix

We’ve been saying it for years, and we’ll keep saying it: in some ways, the Caribbean is even better in the summer months. The water is warm. It’s a bit less crowded, a little bit quieter. At night, the trade […]

A Low-Key, Lovely Adults-Only Beach Resort in Aruba

When Aruba’s Bucuti & Tara Beach Resort opened in 1987, it made sense for the hotel’s restaurant to be built in the shape of a boat shipwrecked on the sand: while Eagle Beach didn’t exactly resemble a desert island back […]

Seabourn’s New Caribbean Cruise Ship

Luxury small-ship brand Seabourn has unveiled its newest cruise ship for the Caribbean: Seabourn Ovation. The new ship made its madden arrival to the US this week, where it will homeport in Miami for a series of voyages exploring the […]

American Airlines Launches Daily Flights to St Kitts

American Airlines has restarted daily flights to St Kitts, Caribbean Journal has confirmed. The carrier is now operating daily nonstop flights between Miami and St Kitts. That’s along with the soon-to-debut addition of a second daily flight on Dec. 18, […]

Seabourn Is Relaunching Cruises From Barbados

Another cruise line is planning a restart from within the Caribbean, Caribbean Journal has learned. Following a number of major cruise lines that have launched homeporting in the Caribbean with the CDC’s no-sail order still in effect in the United […]

SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You