So much for the global recession I guess. The Caribbean is being hit extremely hard right now, but I guess there are still some places where these plans make sense. Hard to believe with the amount of hotels closing, bankrupt, or just plain empty.
An official signing ceremony between Park Hyatt Resorts and the Toronto-based St Michael's Foundation Limited to take the plan forward is set for today.
Chairman and Chief Executive Officer of St Michaels Foundation Limited, Chris Kanhai said the US$860 million Cockleshell Bay Development on 153 acres of land on Cockleshell Bay, is the future home of a 125-room Park Hyatt Resort and Spa, a 100-condominium Park Hyatt Residence, 86 Estate Villas and the Cockleshell Bay Marina Village with a 160-slip marina and 234 condominium and Town homes.
He said construction of the marina is schedule to begin in January 2010 and the resort in November 2010. The project also includes the several amenities including a casino, four restaurants, tennis courts and swimming pools.
