Hashtag: #DesarrollosHotelcoGroup

Govt To Drill Well, Provide Water, Fix Roads

Govt To Drill Well, Provide Water, Fix Roads

Under an agreement with Hotelco Bermuda — the company scheduled to develop the new hotel in St George’s — the Government has committed to drill one additional water well at the site, install a back-up generator, provide free metered water for three years not to exceed $300,000 per year, construct a new public road, repair access roads,... Read more of this article

Minister: Govt Loan Guarantee For St Regis Hotel

Minister: Govt Loan Guarantee For St Regis Hotel

Speaking in the House of Assembly today [May 12], Minister of Finance Bob Richards advised of the pending execution of a Government Guarantee on behalf of Hotelco Bermuda in relation to loans for the construction of the proposed St Regis Hotel in St. George’s, saying that “Government has supported the financing of this project by committing... Read more of this article

Photos & Video: St Regis Hotel Groundbreaking

Photos & Video: St Regis Hotel Groundbreaking

Representatives of the Bermuda Government, Marriott International and developer Hotelco Bermuda Holding Ltd joined together today to officially break ground on the planned 240,000 sq. ft. St. Regis Hotel and seven condominium buildings. “The luxury hotel will feature facilities such as 122 rooms and suites, St. Regis restaurant, bar and wine vault,... Read more of this article

Ming Calls For Update On St George’s Hotel

Ming Calls For Update On St George’s Hotel

“The OBA continues to avoid the question of when the hotel development in St. George’s will break ground,” Shadow Minister of Municipalities Senator Renee Ming said, adding that she calls on the “OBA to give an update on this project as soon as possible.” A statement from the development team last year said they are “looking... Read more of this article

St George’s Hotel: 883 Page Planning Application

St George’s Hotel: 883 Page Planning Application

The 883-page planning application by the Desarrollos Hotelco Group is now available online, providing details of their plans for the development in St George’s, which they said include “122 hotel rooms, a casino, a ballroom & function terrace as well as 98 branded condominiums [arranged across 7 Residences], estate lots for future development,... Read more of this article

Developers: Hotel To Be Completed In 2019

Developers: Hotel To Be Completed In 2019

The Desarrollos Hotelco Group said they are “looking forward to completing the design work necessary to submit completed documents and plans to the Department of Planning later in the summer with a desire to start construction before the end of 2016″ adding that the “hotel is programmed to be completed in 2019.” A statement from... Read more of this article

Photos, Video: St George’s Hotel Plans & Meeting

Photos, Video: St George’s Hotel Plans & Meeting

[Updated with video] A public meeting was held at Penno’s Wharf in St George’s this evening [June 9], allowing people to meet members of the development team and look at renderings of the planned hotel development in St George’s. In March of this year, the Government announced they finalized the hotel ground lease with Desarrollos... Read more of this article

Ground Lease Finalized For St George’s Hotel

Ground Lease Finalized For St George’s Hotel

[Updated] “The Bermuda Government and Desarrollos Hotel Group have finalized the hotel ground lease that paves the way for the ground breaking of the $150 million St. Regis Luxury Development,” Premier Michael Dunkley announced today Speaking at a press conference, the Premier said, “On October 20th last year, we announced that the... Read more of this article

Minister: ‘Agreement In Principle On Financing’

Minister: ‘Agreement In Principle On Financing’

[Updated with video + PLP response] The Desarrollos Hotelco Group, the developers for the planned St. George’s resort,  have “reached agreement in principle on all of their financing arrangements,” Minister of Tourism Development & Transport Shawn Crockwell said, adding that they are “hoping for ground breaking no later than... Read more of this article

PLP: Questions To Be Answered About Project

PLP: Questions To Be Answered About Project

“With the history surrounding the St. George’s Hotel Project, the Progressive Labour Party, while remaining guardedly optimistic, joins many Bermudians in welcoming this latest announcement,” Shadow Tourism Minister Zane DeSilva said today [Oct 21]. Mr DeSilva said, “From the JetGate scandal which led to the resignation of Premier... Read more of this article

Video: St George’s Hotel Agreement Finalized

Video: St George’s Hotel Agreement Finalized

[Updated with video] The master development agreement between the Government and the Desarrollos Hotelco Group has been finalized for the hotel project in St George’s, the Government announced at a press conference this morning [Oct 20]. Those in attendance included Premier Michael Dunkley, Minister of Tourism Development & Transport Shawn... Read more of this article

PLP Express Concern About Hotel Bill Changes

PLP Express Concern About Hotel Bill Changes

[Updated with video + Minister's response] Yesterday, the Minister of Tourism presented the Opposition with two pages of changes to the original St George’s hotel bill that removes training of Bermudians as a requirement of the concessions agreement, removes the requirement for local entertainment to be employed and allows for the sale of Crown... Read more of this article

PLP Calls For Transparency With Hotel Project

PLP Calls For Transparency With Hotel Project

The PLP said they join “with the people of St. George’s in welcoming the tabling of this Bill, while calling for the OBA to display openness and transparency on this critical project, which gives 10 years of concessions, a 262 year lease, and a casino to a potential developer.” This follows after Tourism Minister Shawn Crockwell tabled... Read more of this article