Gov’t Welcomes $16.5 Million Investment for Sustainable Resort Development

In a step towards diversifying its tourism appeal, the government has welcomed a delegation of prospective investors proposing a groundbreaking sustainable resort concept.

The initiative aims to shift the island’s image from solely beach tourism to a more holistic experience centered around wellness and cultural immersion.

The proposed resort embraces the principles of regenerative tourism, prioritizing community engagement, agricultural integration, and local economic empowerment.

With an investment of approximately USD $16.5 million, the developers envision a wellness-focused sanctuary that promises to enrich the local community while offering visitors a unique experience.

Key offerings planned for the resort include yoga and meditation sessions, saunas and cold-water therapy, guided hikes through the island’s lush rainforests, and farm-to-table dining experiences. Notably, the project aims to source up to 85% of its restaurant ingredients from local producers, reinforcing the agricultural sector and promoting food sustainability.

Moreover, the development will feature Antiguan craft workshops, cooking classes, and collaborations with female-led cottage industries, creating platforms for cultural expression and economic inclusion. Retail operations will emphasize locally made goods, shifting away from mass-produced souvenirs and fostering a uniquely Antiguan shopping experience.

The timeline for the construction phase is set at 24 months, during which approximately 100 local jobs are expected to be created. Once operational, the resort anticipates an occupancy rate of around 65%, with average nightly rates ranging between USD $300 and $500. Projected annual revenue stands at approximately USD $5 million, contributing significantly to the local economy through an estimated XCD $860,000 in annual sales tax and XCD $14,000 in head taxes.

This ambitious project aligns closely with several key national development priorities, including diversifying the tourism sector, expanding eco-tourism, empowering local entrepreneurs and artisans, and enhancing the long-term sustainability of the tourism industry.

The Cabinet has expressed a keen interest in the proposal, stating that further review will take place upon the receipt of additional documentation. A crucial next step consists of evaluating the proposal for the approval and lease of designated Crown lands, which will facilitate the project’s development.

With its focus on sustainable practices and community involvement, this resort promises to not only attract tourists but also to redefine the tourism landscape of Antigua and Barbuda for years to come.