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Four hotels to be built?

An aerial view of Port Louis

In an address to the nation on Sunday night, Prime Minister Dr. Keith Mitchell announced that the island will soon see the start of construction work on four hotels on the island.

The Prime Minister said that the projects are linked to persons involved in the recent acquisition of Port Louis in the Lagoon in St. George’s and Mount Cinnamon hotel in the south of the island.

He described this as evidence that foreign businessmen are still keen in investing in Grenada despite the downturn in economic activities due to the coronavirus pandemic.

Dr. Mitchell told Grenadians: “The recent acquisition of Port Louis and Mount Cinnamon, with plans to add up to 500 new hotel rooms, in an investment worth more than US$350 million, speaks volumes for the recovery potential of our economy. It is important to note that no concessions will be given until the developer is ready to begin construction of the four hotels”.

However, it emerged on Tuesday that one of the persons involved in the new project is Egyptian businessman Naguib Sawiris who is the investor behind the Silversands property on Grand Anse beach.

A joint press statement was released by Port Louis Land Limited and Spiceland Limited on the deal:

Port Louis Land Limited confirms today (Tuesday) that it has sold all the land which it owns at Port Louis to JDC 2.

JDC 2 are part of a major international group who have every intention of constructing a first-class luxury hotel at Port Louis, together with other ancillary leisure, retail and hospitality related facilities.

JDC 2 have extensive resources and experience in Grenada and internationally having recently completed the 5-star Silver Sands Resort.

The concept of the Port Louis development has been the brainchild of Peter de Savary. For the past 12 years the positive achievements of Port Louis have been lauded and acclaimed globally.

One of the important achievements being the positive and powerful exposure and credibility that has attracted worldwide interest in Port Louis as a result of the mega yacht marina created by de Savary, now owned and operated successfully by Camper & Nicholson.

Spice Land Limited also announced today the sale of its surplus development land at the Mount Cinnamon Resort to JDC 2 who intend to build another first-class hotel and other related facilities.

Peter de Savary, having created the successful Mount Cinnamon Resort Hotel which is highly rated internationally and provides exceptional exposure for Grenada overseas, will continue his involvement with the resort which employs about 100 people.

During this time attention will be focused on creating a 5-star Eco spa resort project at the Tufton Hall plantation in the mountains above Victoria. This will bring a new dimension to tourism in Grenada and in due course, attract considerable international media interest whilst providing economic activity and many jobs in the north west of the country.

Peter de Savary has during the past 13 years, brought major investment into the country and maintained his commitment to Grenada throughout the recession.

He has, both economically and philanthropically been sensitive in his contributions to the country. He will continue to enjoy Grenada and play a positive role towards the ongoing success of the country’s future.

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