30th March 2016
Antigua and Barbuda has announced the launch of new hotel development, Labahia Hotel Resorts & Condominiums.
The US$52 million investment project between the Adams Investment Management (Antigua) Ltd., and the Government of Antigua and Barbuda will bring job opportunities and economic benefits to the people of Antigua and Barbuda.
The multi-storied investment by Trinidad and Tobago project developers, Imtiyaz Adam and Farman Ramjohn, will boast 120 one and two bedroom fully furnished self-contained luxury condominiums and several penthouse suites. In addition, the resort will include a 24,000 square ft. futuristic conference facility, a 300 capacity car park area, restaurants, a gym, tennis courts, gardens with walking paths, essential shops and an Olympic size swimming pool.
"In light of the Government's vision for our country's development, the conference facility will be a welcome addition to our tourism product and will now allow us to actively promote the destination as one that can attract business from the lucrative "Meeting, Incentives and Conference Events" (MICE) market," said Antigua and Barbuda's Minister of Tourism, The Hon. Asot Michael.
He said, "We envision that within the next two years Antigua and Barbuda will be hosting local, regional and international conferences to utilize these facilities in a Caribbean environment second to none, while at the same time capitalising on the opportunity for business travellers to vacation with their families."
The new property will be built on 10 acres of land previously belonging to the West Indies Oil Company. The Government of Antigua and Barbuda acquired the land, when they purchased the WIOC in November 2015.
Its Friars Hill location is conveniently situated, within close proximity to the V. C. Bird International Airport, St. John's City, the businesses and shopping centres on Friars Hill Road, Cedar Valley Golf Club, and Dickenson Bay, a major hotel beltway.
The Tourism Minister said, "The general focus of this project, and beginning at this groundbreaking site, means that we are enhancing the prospects for success in our hotel, housing, and industrial amenities, which are all integral components in 21st century national development."
Development and construction is expected to begin shortly.
The project has already received approval in principal from the Development Control Authority. According to the developers, the construction phase is projected to run between 18 - 24 months.
The investment will provide jobs, safety in housing and added value to Antigua and Barbuda's tourism product.
The Tourism Minister expressed confidence in the directors of Adams Investment Management Group, and gratitude to the Group, for their decision to choose Antigua and Barbuda as a key place in which to bring their comprehensive experience
Adams Investment's mission, wherever it has gone, has demonstrated a track record of providing award-winning innovative designs, outstanding craftsmanship, state-of-the-art finishes, while bringing the functionality and unique living to work spaces for every lifestyle.
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