Jamaica holidays in Hanover to get a multi-billion dollar boost as Spanish hotelier plans expansion
It has been formally announced by the Spanish Fiesta Hotel Group that one of their most luxurious resorts in Jamaica is about to receive a make-over with an extension of 1800 new luxury suites, coming at an estimated cost of US$16.2 billion.
The tourism landscape of Jamaica holidays is to receive a further boost with a multi-billion dollar expansion of the Grand Palladium Jamaica Resort and Spa in Point, Hanover at the hands of Spanish hotelier Fiesta Hotel Group.
Having officially opened about 3 years ago, the already ultra-luxurious resort currently boasts some 1,054 rooms on 2 properties tagged the 'Grand Palladium Lady Hamilton Resort' and the 'Grand Palladium Jamaica Resort and Spa.'
Catering for an even more upscale segment of the luxury holidays market, the planned expansion will see 800 new luxury suites being added, taking the already sprawling resort to a total of over 1,800 rooms. Being welcomed by Jamaican tourism authorities, the project will cost around $16.2 billion (US$180 million) and is expected to provide temporary employment for some 2,000 locals during the construction period and permanent employment for approximately 1,200 Jamaicans upon completion.
Abel Matutes, Chief Executive Officer of the Fiesta Hotel Group, gave details on the project during a press conference held last week at the Ministry of Tourism in New Kingston. Highlighting how the new expansion would positively enhance the luxury market of Jamaica holidays, Matutes said the rooms to be added included high-end Royal suites, which would all boast panoramic ocean views and some would also feature swim-up rooms, pools, private gardens, butler service; and presidential suites. In addition, for reunion and hosting special events during Jamaica holidays a 3,100 square feet convention centre will also be built to accommodate an estimate of 2,000 people.
Matutes also added that the construction phase will take from 20 to 24 months and work is set to begin in mid-summer or September, once the required approvals from the relevant authorities have been granted. "We will immediately start asking for all of the licences so I would say (construction will begin) as soon as we can," he informed.
In welcoming the project, Tourism Minister, Edmund Bartlett expressed his joy over this great new addition to Jamaica holidays boosting the luxury holidays market in the country. He added that the new project would contribute significantly to the economy of Lucea, and will be avery important for the investment climate in Jamaica. Commenting on the decision by the Fiesta Group to go ahead with expansion plans at this time, he delivered a very significant statement regarding the confidence that investors have placed in the future of Jamaica holidays and the overall Jamaican product.
"(It) is a huge statement of confidence in the destination and the economy of Jamaica. We are excited about this prospect and we think that the statement made by them today will enable several other investors, who are looking at Jamaica, to make the decision and in fact to move forward," he said.
Bartlett stated that despite the economic slump, which the world is experiencing, Jamaica holidays continue to be a poppular choice for Caribbean holidays. "I am always excited about increasing the number of rooms because that gives you an advantage. It says to the airlines in particular that there is capacity here, there are rooms to be filled and, therefore, our planes are going to be full too," he pointed out.
In the meantime, Minister Bartlett informed that he is expecting a set of investors to visit the island later this month to finalise talks on further investments in the tourism sector and new projects for the enhancement of the Jamaica holiday product.
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