Sandals investing nearly US$300 million, says Tourism Minister

Minister of Tourism and International Transport Richard Sealy says the total level of investment planned by the Jamaica-based Sandals group in its two Barbados hotel properties amounts to nearly US$300 million.

Following his attendance at a travel agent event in New York City, the tourism minister said: “When you take into account the US$65 million investment ongoing and what is to come with Beaches on the previous Almond property, that is almost US$300 million being invested in such a short period of time in one country and we have never seen this before.

In addition, when you consider that Barbados will be the only destination outside of Jamaica to have both Sandals and Beaches properties; that is something to be excited about.”

The minister further pointed out that the international recognition that a Sandals and Beaches resort in Barbados will bring cannot be placed into a dollar value for the tourism and economic sector. He said he was really encouraged by the level of expectation that the travel community has been expressing about the two properties coming to Barbados.

Sealy noted: “I got a sense of anticipation from all the travel agents in attendance for a Sandals and Beaches in Barbados. They seemed very keen to start selling the chain and the destination. It was great to meet those agents and to gather their feedback was priceless.”

The minister also took time to hammer home the point that Sandals, as a brand, was going to help the destination of Barbados tremendously to attain greater arrival numbers from the United States and that the company continues to outspend all of the destinations that it has investments with in marketing.

He added: “Sandals spends millions in this department and they constantly seek more airlift for the region which has enormous benefits for the entire hotel and tourism industry.”




5 Responses to Sandals investing nearly US$300 million, says Tourism Minister

  1. Movement of Concerned Citizens
    Movement of Concerned Citizens July 24, 2014 at 12:02 am

    Will they transfer US$300 to the Central Bank tomorrow and leave it there to manage their projects or will the money be transferred on a needs basis to meet project and operational expenses over the next 48 months. Try fooling others with your DLP propaganda. We welcome Sandals but the big bold announcements of “investing” US$300.00 do very little to assuage the fears of a population wondering how soon your government will be going to the IMF.

  2. Movement of Concerned Citizens
    Movement of Concerned Citizens July 24, 2014 at 12:03 am

    Where is the 10-point plan that was boldly announce last year?

  3. Tony Webster July 24, 2014 at 6:51 am

    The Sandals brand is, like any global brand, is welcome here. Indeed, it was made welcome here, some 25 or more years back, but someone did not keep their promises.
    Over the next thirty-odd years, one could reasonably expect Sandalds to “invest”,( or to receive as revenue) where-ever these dollars might alight, anything like 3-4 or even 5 BILLION. Yep.. some dollars might stick-around ’bout hey, but not all. And hope dat evabody in Tourism… plays on a level field. While you’re at it, pray also pray dat Butch, an’ Yung Butch, doan ups and guh-long when tings get li’l tight. Remember Air Jamaica?

  4. John Smith July 24, 2014 at 9:37 am

    Let me get this right… Gov was getting a loan from China to buy the Almond St. Peter property and rebuild a hotel to give to Sandals for 500 mil. Now I am to believe that for 2 properties + the woods they spending 600 mil.

    The numbers don’t add up. How you spending a little more and getting so much more. 2 new hotels and additional land (the woods)?

    Whilst i welcome any investment and new hotels bear in mind Sandals employ 90 per cent Jamaicans only. And Sandals don’t really work with outside companies – Taxis, Catamarans, tour companies etc

    Someone needs to also tell Sealy that Sandals ain’t the only tourism player. Because it seems that is all he speaks about every time he opens his mouth.

  5. Fostafari July 24, 2014 at 12:07 pm

    The “investment” of US$300 million does not mean precisely that since most of this money will be used to buy material and supplies from overseas to construct and refurbish the properties free of all taxes. What will remain are local legal & contractor fees, salaries and other local input of supplies and services.

    Will the properties be liable for land tax and the new MSWT? I have not heard.


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