Investors Looking to Plough Some Two Hundred Million US Dollars Into Jolly Beach

The Cabinet invited to its meeting an investor who has three additional partners interested in purchasing the Jolly Beach Property, and to build a new hotel that will cost up to $200,000,000.00 USD, with 150 rooms and several villas. The investor estimates that it will employ more staff per head than the old Jolly Beach did, and it will not be an all-inclusive property. An MOU is to be signed within months; and, the demolition could be completed by April 2023, and the replacement hotel and villas will take three years to build.

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