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ST. JOHN’S, Antigua, Mar. 30, (CMC) – Antigua and Barbuda has welcomed a US$52 million hotel project by Trinidad and Tobago investors and developers, praising them for making “the bold decision to make a tangible investment in our country”.
Tourism, Economic Development, Investment and Energy Minister, Asot Michael, said, the project by investors and project developers, Imtiyaz Adam and Farman Ramjohn, is part of the Gaston Browne-administration’s plan to make the country an economic powerhouse in the Caribbean.
“We congratulate you and commend you for your vision in partnering with us in our own vision to develop and transform our beautiful country into an economic powerhouse in this region. Thank you for helping to position Antigua and Barbuda on a path to experience meaningful economic development for all our people.
Tourism Minister Asot Michael. Photo credit: ABLP. Photo credit: ABLP.
“I am confident that what has been started on these 10 beautiful acres, is only the first step in the start of a mutually rewarding partnership with the government and people of Antigua and Barbuda,” Michael said.
He added, the LABAHIA Hotel Resort & Condominiums project, between the Adams Investment Management (Antigua) Ltd. and the government, will provide jobs, safety in housing, “and the international acclaim that we in this country strive for as a tourist destination second to none.
“Let it be known, that we, in Antigua and Barbuda, are extremely grateful to the directors of Adams Investment Management Group for their decision to choose Antigua and Barbuda as a key place in which to bring their comprehensive experience to bear fruit for the good of this nation.”
He said, “Adams Investment’s mission, wherever it has gone, has demonstrated a track record of providing award-winning innovative designs, outstanding craftsmanship, state-of-the-art finishes, while bringing the functionality and unique living to work spaces for every lifestyle. Antigua and Barbuda is getting some of the best from the best.”
Michael noted, that “an impressive development will be built at Friars Hill”, comprising 120 one- and two-bedroom, fully-furnished, self-contained, luxury condominiums and several penthouse suites.
In addition, the resort will include a 24,000 square ft. futuristic conference facility, an Olympic size swimming pool among other attractions “for an investment totalling US $52 million”.
