News

St Lucia Eyes Investors to Revive Long-Stalled Hotel Project

By: Caribbean Journal Staff - December 15, 2014

Above: the project in St Lucia

By the Caribbean Journal staff

It was once set to become an expansive hotel and golf club.

Now, it’s a long-stalled project on 500 acres in St Lucia.

But they may change, as the government of St Lucia seeks investors to revive the Le Paradis hotel project on the country’s eastern coast.

The project was already partially built when the financial crisis of Caribbean insurance conglomerate CLICO in 2009 put an abrupt end to construction. CLICO owns the property.

St Lucia is now courting international and regional investors to continue the project, including holding talks with the government of Trinidad and Tobago to encourage CLICO to reduce the asking price for the property.

The plans for the hotel include a marina, golf course, villas and condominium units, among others.

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