Castries, Saint Lucia: To construct a 345-room Grand Hyatt luxury hotel in Sabwisha, Choiseul, the government of Saint Lucia signed a development agreement on Wednesday, July 20, 2022. The signing ceremony was held between Prime Minister Philip J Pierre , Deputy Prime Minister and Minister of Tourism Ernest Hilaire and hotel developers – CEO of TTS Resorts LTD, Lachezar Todorov.
According to reports, construction of the project will begin in 2023 and is expected to be completed in early 2025.
While expressing his gratitude to the developers for showing their confidence in Saint Lucia, Prime Minister Philip J Pierre noted, “Being one of the premier tourist destinations in the Caribbean region, we look forward to the actual opening of the complex.” Moreover, he added that building a new five-star hotel would benefit locals.
Deputy Prime Minister Ernest Hilaire said that after the COVID-19 pandemic, the tourism sector has emerged as a revival for the country and significant investment is coming back to Saint Lucia. Outlining other plans, Ernest Hilaire pointed out that the government would soon start work on the En Bas Beach Resort and the expansion of Sandals Halycon, along with many other projects.
After more than five (5) years of no new hotel construction or major expansion, work has begun on the Cas En Bas Beach Resort and Sandals Halycon expansion. Further announcements will be made soon. Don’t miss the official launch of the Community Tourism Program. Ernest Hilaire stressed that the government of Saint Lucia has kept its promises to “put people first”.
Grant Hyatt will be another gem in St. Lucia’s lineup of ultra-luxury hotels and strengthen the brand’s presence in the Caribbean’s premier tourist destination. A newly built resort will be featured with 345 rooms, including more than 50 luxury suites, three restaurants that will feature world-class chefs and signature dishes reflecting the destination. Some of the opulent resort’s other amenities will include three bars, a lobby lounge, a poolside bar, and a beachside bar; an 8,000 square foot spa and fitness center to connect guests to their physical and mental well-being. It will also include over 23,000 square feet of three dynamic pools. Additionally, a kids club and activity center, retail stores and a state-of-the-art screening room will also be built to keep the kids entertained.
The construction of the Grand Hyatt will surely boost the tourism and hospitality industry in Saint Lucia. Apart from this, it will also provide several employment opportunities for the citizens and residents of the country. The construction of the new hotel will also open the doors to several opportunities for people wishing to invest in the socio-economic development of Saint Lucia.
The country has worked wisely to improve its tourism and hospitality sectors. The government of Saint Lucia has made this all possible with funds generated through the Citizenship by Investment (CIP) program. Saint Lucia’s Citizenship by Investment program was launched in 2016 and is one of the newest economic citizenship programs in the region.
Although it is the newest, Saint Lucia is on par with some of the PICs in the Caribbean. It should be noted that the Saint Lucia program scored highly in the Financial Times PWM Magazine’s CBI 2021 Index and topped three pillars (out of nine).
In the world of uncertainties, Saint Lucia offers investors the opportunity to start their business and expand their business globally. Investors can protect as well as grow their wealth by investing in alternative citizenship of Saint Lucia. As its demand grew across the world, the government began to work closely with international third-party companies to perform strong, robust and vigorous background checks.
The investment option that allows investors to contribute to the growth and development of the country is the National Economic Development Fund, commonly known as the Fund Option. Under the Fund Option, the investor(s) can contribute to the socio-economic development of the country. The minimum investment is 100,000 USD.
The Saint Lucia Citizenship by Investment Program offers the following benefits:
Makes an individual a citizen of the world.
Helps the candidate to develop their business overseas and helps with portfolio diversification and wealth planning.
Provides an opportunity to spend the rest of their lives in a peaceful and safe environment.
Provides lifetime citizenship to the investor, which can be passed on to future generations.
It can be a plan B for candidates and their families.
The interested investor can apply for alternative citizenship of Saint Lucia by following these steps:
Step 1: Complete the application.
Step 2: The request is submitted on the CIP portal
Step 3: Documents and applications are then checked by the CIP unit and subjected to an extensive background check procedure.
Step 4: The jury makes the decision to reject or select the application.
Step 5: The certificates are then given to the applicant.
About Saint Lucia:
Saint Lucia – a mountainous island in the Eastern Caribbean, lies 26 miles north of Saint Vincent and the Grenadines and 21 miles south of Martinique, all part of the Lesser Antilles islands in the Caribbean Sea .
The country is one of the most beautiful and well-known destinations in the world for travel enthusiasts. It is also popularly known as the best honeymoon destination. The attention of travelers is attracted by the majestic Piton mountains of the island, spectacular hiking trails, volcanoes accessible by car, refreshing waterfalls, beautiful beaches, as well as exclusive restaurants. Saint Lucia is also called Helen of the West because her beauty is comparable to Helen of Troy.
The history and beauty of St. Lucia’s magnificent mountains, jungles, coastlines and historic places are presented with a great sense of living people.
The country, renowned for its cultural and heritage richness, enthusiastically celebrated the Carnival with success. Events were celebrated from dawn until dusk; the stage was rocked by the best local, regional and international artists.