US$70 million hotel/condominium project approved

By Admin Thursday November 14 2013 in Caribbean
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Prime Minister Dr. Denzil L. Douglas lauded the approval of a US$70 million hotel and condominium project, slated to commence next year in St. Kitts.

 

“Today, St. Kitts & Nevis continues its forward movement, and we continue on many fronts,” Dr. Douglas said last Sunday at a ceremony marking the announcement of the Prime Hotel and Condominium project.

 

“We continue, first and foremost, by ensuring that Kittitians and Nevisians of vision, competence and capability continue to play a pivotal role in the social and economic advancement of our Federation and by ensuring that the implementation of these individuals’ vision redound to the benefit of nationals in the construction trades, air conditioning and refrigeration, accounting, excavation, hospitality services and the range of other services, the combination of which is key to the transformation of unique ideas into viable, functioning, vibrant realities,” said Douglas.

 

The prime minister commended the staff of the St. Kitts Investment Promotion Agency (SKIPA), the staff of the Citizenship by Investment Unit and other governmental agencies that played a role in facilitating investors and investments, for their work and commitment.

 

The partners of Prime Hotel and Condominiums, which will be constructed on the hills overlooking the Basseterre National Park, stated they were honoured to be a part of the project.

 

“It is a pleasure and privilege to stand before you on the presentation of our proposed new development project, Prime Hotel and Condominium,” said principal investor, Abbas Fahim.

 

“Having gained citizenship of St. Kitts & Nevis over a year ago, I am overjoyed to be a part of bringing such a major development project to this country that has accepted me and that I now regard as home,” said Fahim. “It was not enough to simply receive a piece of paper that made me a citizen, it was imperative that I contribute to the development of the country and its people.”

 

Fahim said that Prime Hotel and Condominiums will embrace the government’s “green” initiatives and incorporate “green” technology in all phases from construction to use.

 

“With Dr. Sirous Motevassel, my business partner and consultant, and Mr. Faron Lawrence, our developer and local representative, I am confident that we have a team that will ensure the successful completion of this project,” he said.

 

Prime Hotel and Condominiums has projected that 150 direct jobs will be created during the construction phase and a projected 100 jobs during operations.

The project will consist of a 70-room, eight floor major brand hotel, with all amenities and nine multi-floor buildings, providing 324 one-bedroom condominiums, all built into the surrounding hillside with captivating views of Basseterre and the adjacent areas.

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