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The government of Antigua and Barbuda is in the final stages of securing a 50-year lease agreement for the Jolly Beach Hotel with an investor of *Antiguan descent.
The lease arrangement is intended to facilitate a major redevelopment of the property, bringing it back into full operation as a four-star resort.
Speaking at the *Post-Cabinet Press Briefing, Chief of Staff Lionel Hurst described the investor as someone who has achieved significant financial success and is eager to contribute to the country’s tourism sector.
“This investor and his family have made their fortune and decided they want to play a role in Antigua’s tourism industry,” Hurst said.
The redevelopment of Jolly Beach will take place alongside other *planned tourism projects, including the highly anticipated Nikki Beach Resort, which is expected to be built on a section of the hotel’s property.
Additionally, high-end residential developments are planned nearby to complement the resort’s expansion.
Government officials see the agreement as a significant boost to the hospitality industry, with expectations that the upgraded Jolly Beach Hotel will enhance Antigua and Barbuda’s appeal to international visitors.
A formal announcement with further details is expected from the Ministry of Tourism in the coming weeks.
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Antiguan investor? So far, so good.
This could be a great opportunity to revive the hotel and boost tourism.
A 50-year lease is a long-term commitment—hopefully, it brings the expected benefits.
I hope the local community sees job opportunities and some share of the profits from this deal.
Will it be affordable for local businesses?
A solid step forward for tourism, but will the investment prioritize sustainability and local culture?
will the lease include provisions for regular updates and improvements?
Long-term leases are promising, but how will they affect local property owners and businesses?