Search Result for: stand by agreement

317 results found.

Royal Caribbean Buys Stake in Silversea Cruises for $1 Billion

By the Caribbean Journal staff Royal Caribbean Cruises has announced the acquisition of a significant stake in ultra-luxe small-ship cruise line Silversea Cruises. The agreement includes the acquisition of a two-thirds equity stake in Silversea based on an enterprise value […]

St Martin, St Maarten Eye Joint Tourism Master Plan

By the Caribbean Journal staff It may have two different countries on it, but it’s one island — and now both St Martin and St Maarten are joining together to plan for the island’s tourism future. The French and Dutch sides […]

Paradise Island’s Ocean Club to Become Four Seasons Resort

By the Caribbean Journal staff Four Seasons is expanding its Caribbean portfolio with one of the region’s greatest luxury resorts. The former One & Only Ocean Club on Paradise Island in the Bahamas will become The Ocean Club, A Four […]

Ritz-Carlton Grand Cayman Sold to Dart Real Estate

By Alexander Britell One of the Caribbean’s leading resorts has been sold, Caribbean Journal has learned. Cayman-based Dart Real Estate has purchased the Ritz-Carlton, Grand Cayman from Five Mile Capital Partners, LLC. Terms of the deal were not disclosed. The property […]

CHTA Looks to Deepen Partnership With Dominican Republic

The Caribbean Hotel and Tourism Association looking to deepen its partnership and outreach to hoteliers and tourism partners in the Dominican Republic. As part of a new agreement, the National Association of Hotels and Restaurants in the Dominican Republic, ASONAHORES, […]

Ritz-Carlton Is Launching a Luxury Cruise Line

What’s even better than a Ritz-Carlton hotel? A floating Ritz-Carlton. That’s the new plan from The Ritz-Carlton Hotel Company, which is taking to the sea with an entry into luxury yachting and cruises. “The Ritz-Carlton Yacht Collection will have a […]

Waldorf Astoria Is Expanding to Antigua

The storied Waldorf Astoria brand is expanding in the Caribbean. Waldorf Astoria Hotels and Resorts is expanding its portfolio with a new property in Antigua. The Hilton luxury brand has signed a management agreement with Callaloo Cay Antigua, Waldorf Astoria’s […]

Carnival Building Major New Port in Grand Bahama

A major new cruise port is coming to the island of Grand Bahama. The government of the Bahamas has signed a heads of agreement with Carnival Cruise Lines for the new East Grand Bahama Cruise Port Development. “The Government of […]

It’s Time for New Thinking on Caribbean Airlift

BY KAREEM YARDE CJ Contributor As a relatively unexplored topic, I recently wrote a research proposal concerning airline route development in the Caribbean region. This overarching review suggests that this is certainly a topic which the Caribbean region stands to […]

Royal Caribbean Plans Major Renovations at Port Everglades

Royal Caribbean and Port Everglades have signed a memorandum of understanding on a framework for a new long-term business agreement, the two sides announced. The framework would include complete, customized renovations of the port’s Cruise Terminal 25, with an aimed […]

Grand Hyatt Baha Mar Plans April Opening

The long-delayed Baha Mar project could soon have its first hotel. Hyatt Hotels Corporation has announced that a Hyatt affiliate has entered into a management agreement to operate the new Grand Hyatt Baha Mar, with a “late April 2017” planned […]

A Major Horse Racing Project in the U.S. Virgin Islands

The U.S. Virgin Islands is launching a major new project to transform its horse racing facilities. The project will transform the Clinton E. Phipps and Randall “Doc” James racetracks on St. Thomas and St. Croix, respectively. The Government of the Virgin Islands […]

Jamaica’s Development Challenges

Exploring competitiveness and development in Jamaica By Dennis Chung CJ Contributor Recently the World Economic Forum released the Global Competitiveness Report 2016/17, which showed Jamaica improving its ranking from 86 of 140 to 75 of 138 countries. This was an […]

Investors Making $30 Million Bet on U.S. Virgin Islands Horse Racing

The U.S. Virgin Islands could soon be home to a pair of world-class horse racetracks, thanks to a major bet by private company VIGL. The company plans to invest more than $30 million in the expansion and modernization of local […]

A New Push to Make the Caribbean Hotel Sector Greener

A new push could make the Caribbean hotel sector a whole lot greener. The United States Agency for International Development’s Caribbean Clean Energy Program has signed a collaboration agreement with the Caribbean Hotel and Tourism Association in a move to […]

The Caribbean Court of Justice — And What It Means For the Region

How the Caribbean Court of Justice benefits the Caribbean By Jeffrey H. Foreman Op-Ed Contributor In the decades-long debate over the establishment and adoption of the Caribbean Court of Justice (CCJ) as the final court of appeal for the English speaking […]

Antigua and Barbuda to Develop Geothermal Energy

Antigua and Barbuda has signed a Memorandum of Understanding with Thermal Energy Partners for the future production of geothermal energy on the island. Through this public-private partnership, Antigua’s first geothermal project will utilize Organic Rankine Cycle generation with 10 MW […]

Bahamas PM: Baha Mar to Be Completed, Sold

The troubled Baha Mar megaresort project in the Bahamas will soon have new life, according to Bahamas Prime Minister Perry Christie. The Prime Minister said that the government and the Export-Import Bank of China have signed an agreement under which […]

Improving the Caribbean Air Transport System

New perspectives on improving Caribbean air travel By Ralph J. Blanchard Op-Ed Contributor Depending on how one choses to define the region, the groupings of islands represented under the “Caribbean” designation can range in population anywhere from over 40 million inhabitants […]

A $2.6 Billion Hotel Project Is Coming to St Lucia

A major new hotel project is coming to the island of St Lucia. In a landmark agreement, the country’s government led by Prime Minister Allen Chastanet has signed a deal with a Chinese developer on the southern portion of the […]

The Caribbean Response to Brexit

Caribbean Leaders Weigh-in on Brexit By Marcia Forbes, Ph.D. CJ Contributor Brexit is not Cricket Business people often have a different point of view from academics; however, at the UWI forum regarding Brexit and its implications for the Caribbean, everyone […]

The Caribbean Has an Air Tax Problem

By George Nicholson Op-Ed Contributor The regional airline industry has been characterised by a high degree of commercial difficulties. The last three decades has seen the Caribbean airspace littered with the remains of more than thirty carriers – some of […]

How to Create Prosperity in Jamaica

By Dennis Chung CJ Contributor In order to secure power (spillover from the colonial system), both political parties in Jamaica, when they formed government, set about creating institutional loyalties, using the state bodies and security forces to cement their hold […]

Developing Air Routes in the Caribbean

By Kareem Yarde Op-Ed Contributor “Graduates, go change your world!” That was final source of ignition which honorary graduate of the University of the West Indies Cave Hill campus Dr Pamela Coke Hamilton left with this year’s graduating class of […]

Op-Ed: Climate Change and the Caribbean

By George Nicholson and Anastasia Ramjag Op-Ed Contributors This debate surrounding our climate has polarized the world into two different groups for a long time; some theorists maintain that an intrinsic characteristic of climate is that it changes while a […]

Venezuela’s Nicolas Maduro Makes First Visit to St Kitts and Nevis

Maduro’s inaugural visit By the Caribbean Journal staff Venezuela President Nicolas Maduro made his first-ever visit to St Kitts and Nevis this week. The trip included the signing of a memorandum of understanding between the two countries “as symbols of […]

Expedia and the Caribbean

What’s in store for Expedia? By Guy Britton MONTEGO BAY — Fresh off a $1.6 billion acquisition of Orbitz, global travel giant Expedia shows no signs of slowing down. So what about the company’s work in the Caribbean? To learn […]

The Latest Baha Mar Update

What’s next for troubled megaresort By the Caribbean Journal staff The Baha Mar saga has taken a major step forward with the appointment of a provisional liquidator by the Supreme Court of the Bahamas. The ruling by the court means […]

JetBlue Is Adding a New Nonstop Route From Westchester to Puerto Rico