The company has indicated that it intends to pump US$1 billion in a ‘Sugar Cane Jamaica’ hotel development outside of Ocho Rios in the northern parish of St. Ann, over the next decade.
The Prime Minister, who was addressing the official opening of a Karisma property in western Jamaica recently, said he is looking forward to the company’s “build-out in Jamaica, offering unique experiences to our visitors”.
“Jamaica is attaining the critical mass to maintain its competitiveness with increased room stock, availability of airlifts and easier transportation via sea, air and land,” he noted.
Karisma’s Chairman, Rafael Feliz, informed that the company plans to construct 5,000 rooms under its ‘Sugarcane Project.’
He said the hotel development is a testament to “our belief in the future of Jamaica’s tourism.”
“The Government of Jamaica has been doing everything to show that they understand the importance of tourism to the economy,” he pointed out.
“We have been getting nothing but some wonderful assistance and we are really proud to be doing our part in helping to bring more visitors to the island.”
Feliz said Jamaica is on track to becoming the region’s top tourism destination.
Tourism Minister, Edmund Bartlett, for his part, hailed Karisma as a “very reliable partner”, noting that the company’s investment in Jamaica “remains one of the largest single tourism investment the country has ever seen”.
“An investment of US$1 billion is significant in any language,” he pointed out. “We are proud to have partners like these… partners, who walk the walk and talk the talk and who are more than ready to take us to that next big level where we are indeed the destination of choice in the Caribbean,” he added.
Karisma Hotels & Resorts plans to operate 35 resorts worldwide by 2020, building on recent growth in the Caribbean and Mexico.
The company has 26 properties in Latin America, the Caribbean and Europe under several brands, including El Dorado, Azul, Generations, Sensatori and Nickelodeon.
- Countries: Jamaica