Search Result for: 5 million

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Margaritaville to Open $250 Million Resort in Nassau

By the Caribbean Journal staff A major new resort is coming to The Bahamas. Jimmy Buffett’s Margaritaville brand is opening its first property in Nassau, with plans for a $250 million, six-acre development centered at The Pointe, a mixed-use development […]

Dorado Beach Estate Hits the Market for $5.3 Million

A luxury estate in the tony Dorado Beach enclave of Puerto Rico has hit the market for $5.3 million, Caribbean Journal has learned. The home in Dorado Beach Estates has been listed with Puerto Rico Sotheby’s International Realty’s Margaret Pena […]

St. Barth Home Lists for $57 Million

A major home in St. Barth has hit the market for around $57.4 million, Caribbean Journal has learned. The stunning Grande Maison des Etoiles estate has been listed by St. Barth Properties Sotheby’s International Realty. The home, located in the […]

Sandals, Marriott to Partner on $50 Million AC Hotel in Kingston

Sandals is adding a new hotel brand. The company has announced a new partnership with Marriott International to bring AC Hotels by Marriott to the Caribbean. It will be the first partnership between the two companies and the first time […]

The Westin Grand Cayman’s $50 Million Renovation Project

The Westin Grand Cayman is close to debuting the first phase of a $50 million renovation project at the Caribbean hotel. The 343-room resort will reveal a more open lobby with panoramic views of Seven Mile Beach; a new design […]

New $50 Million Solar Facility Coming to Jamaica

Jamaica keeps getting greener. Following the launch of a major new wind farm on the island, the country’s government announced that it was finalizing an agreement with Eight Rivers Energy Company to build and operate a 33.1-megawatt solar facility at […]

Royal Caribbean Ship completes $50 Million Revitalization

By the Caribbean Journal staff Royal Caribbean’s Empress of the Seas has completed a $50 million revitalization, the company announced this week. The ship has now arrived in Miami, which will be its new home port. The ship will begin […]

Palace Resorts’ New $450 Million Project

Palace Resorts is expanding in Cancun. The all-inclusive company is planning a new resort-within-a-resort at its Moon Palace Golf & Spa Resort in Cancun. The property will be launching a new resort called Moon Grand. The resort already consists of […]

Hakkasan Group to Invest $150 Million in Mexico Hospitality Projects

Global hospitality company Hakkasan Group is looking to Mexico. The company has partnered with top Mexico resort operator Grupo Vidanta, on a planned $150 million investment into new concept beach clubs, nightlife venues, restaurants and hotels at Vidanta Resorts. The […]

A New $450 Million Caribbean Resort Project

The Caribbean’s resort boom continues — and so does Antigua and Barbuda’s. The twin-island country has announced another major new project, this one called Gravenor Bay — another significant addition to the island of Barbuda. The $450 million project on the southern […]

Antigua’s Nonsuch Bay Resort Planning $58 Million Expansion

The Nonsuch Bay resort in Antigua is planning a significant expansion. The project is planning a $58 million expansion project that will include a combination of 188 new condominium and hotel units, according to Antigua and Barbuda Tourism Minister Asot Michael. […]

How One Campaign Saved Jamaica $500 Million

By the Caribbean Journal staff It began as a simple campaign — one urging Jamaicans to eat local food and produce. 12 years later, it’s become a game changer, according to Norman Grant, president of the Jamaica Agricultural Society. The “Eat […]

China to Fund $511 Million Project at University of the West Indies

UWI, China Harbour sign memorandum By Dana Niland CJ Contributor The University of the West Indies and China Harbour Engineering Company have signed a Memorandum of Understanding for a $511 million USD development project. The project will include the expansion […]

New $250 Million Hotel Project Breaks Ground in Nassau

Another big new project in New Providence By the Caribbean Journal staff A new $250 million dollar development has broken ground in Nassau. Pointe, as it is known, is slated to include 200 guest rooms, world-class shopping, fine dining options, […]

Caribbean Home: A St Barth Villa For $5.8 Million

Above: Villa Danido The latest Caribbean Home heads to tony St Barth for a look at a five-bedroom, five-bathroom villa in the Colombier section of the island. It’s called Villa Danido, and it’s listed with RE/MAX Island Properties Saint-Barths for […]

Haiti to Receive $50 Million Grant for Clean Water, Sanitation Projects

Above: a cholera treatment centre in Haiti after the earthquake in 2010 (UN Photo) By the Caribbean Journal staff Haiti is slated to receive a $50 million grant from the International Development Association, following approval from the World Bank’s Board […]

Genting Completes $550 Million Purchase of Crystal Cruises

Above: a Crystal Cruises ship By the Caribbean Journal staff Genting Hong Kong has officially completed its $550 million acquisition of Crystal Cruises from Nippon Yusen Kabushiki Kaisha. The transaction was first announced in March. Genting has also announced the […]

Robert De Niro to Develop $250 Million Hotel Project in Barbuda

Above: Robert De Niro signs the agreement By Alexander Britell Film star Robert De Niro has signed a memorandum of understanding to develop a hotel project on the island of Barbuda. De Niro signed a memorandum of understanding with Prime […]

Guatemala Projecting $350 Million in New Tourism Investment

Above: Guatemala By the Caribbean Journal staff Guatemala is projecting big things in the tourism sector. The country’s tourist board said it was projecting 2.2 million visitors for the year 2014, with significant investment on the way in the next […]

British Virgin Islands Cruise Pier Expansion to Cost Around $57 Million

Above: Tortola (CJ Photo) By the Caribbean Journal staff The expansion of the cruise pier at Road Town, Tortola is projected to cost around $57 million, according to a recently-released fact sheet on the project. The project is slated to […]

Jamaica Finalizing $50 Million “Growth and Competitiveness” Project

Above: Industry, Investment and Commerce Minister Anthony Hylton By the Caribbean Journal staff Jamaica’s government is currently in the midst of finalizing a $50 million “growth and competitiveness” project with the World Bank, according to Industry, Investment and Commerce Minister […]

Haiti: World Bank Approves $58 Million Grant For Agriculture

Above: the World Bank’s headquarters in Washington By the Caribbean Journal staff The World Bank has approved a $58 million grant targeting improved access to local markets and services for agriculture in Haiti. The grant from the International Development Association […]

Haiti Receiving $50 Million Grant for Road Transport System

Above: Haiti (CJ Photo) By the Caribbean Journal staff Haiti is set to receive a $50 million grant from the Inter-American Development Bank to improve its road transport system. The grant’s objective is to “make road transport in Haiti more […]

St Kitts’ Christophe Harbour to See $50 Million in New Investments

Above: Christophe Harbour By the Caribbean Journal staff A group of Russian investors will be contributing $50 million to a pair of projects on St Kitts’ southeast peninsula, Prime Minister Dr Denzil Douglas announced. The projects will see the construction […]

Caribbean’s Largest Marina to Undergo $450 Million Transformation

Above: the Puerto Del Rey marina By the Caribbean Journal staff The Puerto Del Rey Marina in Fajardo, Puerto Rico, the largest marina in the Caribbean, will be receiving a $450 million transformation. That was revealed by Puerto Rico Governor […]

Resorts World Bimini Gets Approval For $150 Million Development

Above: Bahamas Prime Minister Perry Christie By the Caribbean Journal staff Genting’s Resorts World Bimini project has received the go-ahead to begin a $150 million phase of development. Bahamas Prime Minister Perry Christie announced that he had agreed to the […]

China to Fund $150 Million Children’s Hospital Project in Trinidad

Above: Port of Spain (CJ Photo) By the Caribbean Journal staff China will be funding the $150 million construction of the Couva Children’s Hospital in Trinidad. The project, which will be located on a 60-acre site, is being funded as […]

Jamaica’s IMF Loan Rises to $958 Million; Board to Decide This Month

Above: Kingston (CJ Photo) By the Caribbean Journal staff A proposed 48-month funding arrangement under the Extended Fund Facility for Jamaica would total $958 million, according to the International Monetary Fund. That number is significantly higher than the $750 million […]

From Montego Bay to Ochi, Why to Visit a Sandals in Jamaica Right Now