Hashtag: #DesarrollosHotelcoGroup
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’
[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
“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
[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
[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
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
St. George’s Resort Act 2015 Tabled In House
Minister of Tourism Development and Transport Shawn Crockwell tabled the St. George’s Resort Act 2015 in the House of Assembly, with the Ministry saying the proposed $120 million development will include 122 hotel rooms, renovation of the St. George’s golf course, up to 90 condominiums and a casino – which will be subject to an application... Read more of this article
PLP: ‘Air Of Mystery With Club Med Development’
[Updated] “The air of mystery surrounding the potential development at Club Med is worrying in light of the thousands of Bermudians out of work, and an island desperate for an enhanced tourism product,” Shadow Tourism Minister Zane Desilva said. “Media reports questioning the veracity of Minister Crockwell’s December 12, 2014... Read more of this article
Minister: Desarrollos To Develop $120M Resort
[Updated with audio + PLP's questions] Desarrollos has confirmed they will “construct a five star hotel managed by St. Regis, Starwood Hotels & Resorts top luxury brand,” Minister of Tourism & Transport Shawn Crockwell said today [Dec 12] in the House of Assembly. The Minister said the ”development budget is estimated at... Read more of this article
Hotel Developer Receives 60 Day Extension
[Updated with PLP response + video] The Government has extended the exclusivity period by 60 days with the developer selected for the old Club Med property, Minister of Tourism Development & Transport Shawn Crockwell said. The exclusivity period commenced on 9th June, 2014 and was originally set to expire on 8th October, and it has now been extended... Read more of this article
Minister: Desarrollos To Develop Club Med Site
[Updated with video] The Government has entered in an “exclusive negotiation period” with the Venezuela-based Desarrollos Hotelco Group to develop the old Club Med property, Minister of Tourism Shawn Crockwell announced in the House of Assembly this morning [May 23]. The proposed development includes a 238 room hotel and the renovation of... Read more of this article
