MOU to be signed for $200m hotel as Jolly Beach Resort is demolished

The content originally appeared on: Antigua News Room

CABINET:

The Cabinet invited to its meeting an investor who has three additional partners interested in purchasing the Jolly Beach Property, and to build a new hotel that will cost up to $200,000,000.00 USD, with 150 rooms and several villas.

The investor estimates that it will employ more staff per head than the old Jolly Beach did, and it will not be an all-inclusive property.

An MOU is to be signed within months; and, the demolition could be completed by April 2023, and the replacement hotel and villas will take three years to build.

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