St. Vincent and the Grenadines can expect a major boost in the hotel industry, according to Minister of Finance, Hon. Camillo Gonsalves. Speaking on Star Radio on Monday, the Finance Minister revealed that in the coming weeks the Government will sign agreements and break ground for two major projects — the Marriott and Beaches by Sandals — valued at $1.3 billion.
He emphasized that the investment not only represents significant capital inflows but will also generate over 2,000 jobs for Vincentians once these are completed.
Both hotels are expected to be located on the Leeward coast, separated only by the public Mt. Wynne beach. Sandals is already expanding its footprint, with additional villas under construction. The company plans to increase its room capacity from 300 to 500 in the coming years.
Meanwhile, the new Beaches resort will start with 375 rooms, with an expansion plan that will bring the total to 600 rooms.
“That whole Leeward strip is going to be a high-end epicenter of tourism in SVG, and one of the best in the Caribbean,” Minister Gonsalves said.
The signing ceremonies are scheduled for late September and early October, with Prime Minister Dr. Ralph Gonsalves expected to attend alongside the investors
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