16 December 2015 - Business View Caribbean
Opening
Lines
Investors Pump US$200 Million into
Jamaica Hotel Sector
Another US$200 million has been pumped into Ja-
maica’s tourism sector by international investors for
the construction of two five-star hotels. The new
Trelawny-based hotels will provide 800 additional
rooms, and 1,000 permanent jobs.
The investors are Ocean by H10 Hotels, a Spanish
and Canadian joint venture group. Design work for
the properties has commenced, and construction is
slated to start in 2016, with the openings set for late
2018.
At a press conference at the Jamaica Tourist Board’s
(JTB) offices on Monday, where the announcement
was made, tourism and entertainment minister,
Tourism and Entertainment Minister, Dr. Wykeham
McNeill, said the investments in the sector will de-
liver over 10,000 spin-off jobs over the next two
years.
“We are seeing a boom in the tourism sector now
that is unprecedented. We are going to get new
properties, we are creating linkages, so that Jamai-
