Above: a rendering of the project
By the Caribbean Journal staff
St Kitts’ hotel construction boom continues.
The 246-room Pirate’s Nest project has officially broken ground on St Kitts’ Frigate Bay, the latest in a line of new hotel projects slated to come on stream in the twin-island federation.
The project, which has an estimated cost of $40 million, is one of a series of hotel projects including the Park Hyatt St Kitts, Imperial Bay, the Prime Hotel and others to have either launched or broken ground this year.
The hotel is being developed by T-Loft Property Development, which is led by CEO Ins Zhao.
St Kitts and Nevis Prime Minister Dr Denzil Douglas said investors were now finding St Kitts to be a place “in which the skills exist to transform their development dreams into reality, in which the business environment facilitates a positive return on one’s investment, in which the social, economic, and political realities found here reward the decision to invest.”
Douglas said T-Loft had been approved as a participant in the country’s Citizenship by Investment programme, which is helping to fund many of St Kitts and Nevis’ hotel and tourism investment projects.