New investor poised for Jolly Beach Resort as Elite Island Resorts withdraws

An unnamed investor has changed Elite Island Resorts as the governing administration continues its bid to see the Jolly Beach Vacation resort operational by November

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By Kadeem Joseph

[email protected]

Even though Cabinet has reaffirmed plans for the dilapidated Jolly Beach Resort to reopen its doors by this November, the body’s spokesperson has unveiled that Elite Island Resorts will not be having it on as experienced been beforehand declared.

Speaking at Thursday’s write-up-Cupboard push briefing, Minister of Facts Melford Nicholas said that “the principal proprietors of the Elite Island Resorts have declined any further more participation”.

Hopes experienced been superior that the chain which operates a string of prosperous resorts across Antigua would be the panacea to carry the at the time-thriving beachfront advanced again into operation.

Nicholas reported whilst the Minister of Tourism Charles Fernandez was not current in Cupboard on Wednesday, he experienced requested Cabinet to look at a memorandum of agreement involving the authorities and “another holidays entity” who wished to be associated in the task, but he was unable to disclose the interest’s title at the time.

“It is a perfectly-recognised brand name and I think in the upcoming 7 days or so we will be in a situation to suggest that we have arrive to an agreement,” he spelled out.

“The issue is now prior to the legal section and the moment that is completed, I believe the Minister of Tourism will be in a situation to suggest what we are likely to do with the Jolly Seaside Vacation resort.”

In early June, Prime Minister Gaston Browne explained that below the settlement with Elite, owned by businessman Rob Barrett, US$10 million would be invested into the home as portion of a financial loan to the federal government.

The cash would have absent toward the restore and rebuilding of many of the hotel’s structures, in accordance to Browne, and also support with compensating the resort’s former workers who are collectively owed much more than EC$7 million in severance and remarkable spend.

Initiatives to offer the property also strike a snag in latest months soon after it was revealed that there is a US$15 million demand on it by a creditor.

Minister Nicholas mentioned that issue is nevertheless ahead of the courtroom and the government is awaiting a selection.

“Should we be prosperous in getting that make a difference lifted, then I feel it clears the way for the entire operationalisation of a newfangled Jolly Beach and we are surely fascinated in receiving that finished.

“The authorities by itself has set up some funds and cash have already been secured. So, I believe it’s just a matter of days before the renovation of Jolly Beach starts off to acquire put,” he discussed.

The govt is hoping that the resort will open in the wintertime period in get to capitalise on an elevated motivation to vacation globally as the entire world recovers from the effects of the Covid-19 pandemic that substantially limited journey.

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