Business

Caribbean Hotel Investment Market Defies Expectations

Reflecting on the trajectory from the depths of the pandemic to the present, Fernando Garcia-Chacon expresses admiration for the rapid rebound witnessed in the Caribbean hotel investment market. As the leader of the CBRE Hotels Advisory team, Garcia-Chacon acknowledges the initial hope that hotel investments might regain their footing by 2024 or 2025. However, the reality has surpassed expectations, with...

Barbados Government Initiates Strategic Sale of Savannah Hotel, Advances GEMS Project Divestment

Barbados' government is moving forward with the divestment of the Savannah Hotel, a key component of the GEMS project, to an undisclosed buyer. This strategic maneuver aims to invigorate the hotel sector. The Savannah Hotel in Barbados, previously under the government's ownership as part of the GEMS of Barbados hotel project, is poised for a change in ownership. Ian Gooding-Edghill, the Minister of...

Premier Caribbean Hotel Investment Conference Returns to Miami

The foremost hotel investment conference in the Caribbean is set to return to Miami this April. The Caribbean Hotel and Resort Investment Summit (CHRIS) will take place from April 22nd to 23rd at the Loews Coral Gables Hotel. With over 450 registered delegates, including a significant portion holding esteemed positions such as CEO, Chairman, president, or owner, the event draws attendees from more than...

FiX24 Draws Over 500 Fintech Enthusiasts to Barbados for Three-Day Conference

More than 500 fintech experts and enthusiasts convened in Barbados for the second edition of the Fintech Islands Experience 2024 (FiX24) conference, held at Sam’s Lord Castle, A Wyndham Grand Resort, from January 24. The event, marked by substantial growth, attracted participants from the Caribbean, Americas, Europe, and Africa. FiX24 garnered support from top-tier partners, with Mastercard as the...

Game changer in Caribbean Transport, as Regional Ferry service set to launch this year

A consortium from the private sector has unveiled Connect Caribe, a groundbreaking regional ferry service set to commence operations in the final quarter of 2024. With an initial investment of $100 million, this initiative aims to create an efficient sea transport system connecting various Caribbean nations. Connect Caribe plans to offer both weekly and daily round trips, linking Barbados with Saint...

Investing in Barbados: A Closer Look at the Special Development Areas Act

The Caribbean island of Barbados, known for its pristine beaches and vibrant culture, has taken a significant step towards economic growth and development through the enactment of the Special Development Areas Act. This legislation is a strategic initiative aimed at fostering development by offering various concessions to approved developers. These incentives are designed to stimulate specific activities...

Investing in Paradise: A Turnkey Business Opportunity in Christ Church, Barbados

Are you dreaming of owning a piece of paradise and turning it into a lucrative business venture? Look no further! We have a remarkable opportunity that combines the allure of a tropical haven with the promise of a thriving investment. Nestled in the heart of Christ Church, Barbados, this turnkey hotel property is more than just a real estate listing—it's a golden ticket to a sun-soaked entrepreneurial...

World Bank Forecasts Robust Economic Growth of 4% for Barbados in 2024

In the latest Global Economic Prospects Report, the World Bank anticipates a steady recovery in the Caribbean and Latin America, projecting an overall economic growth of 2.3% and 2.5% for the region this year and the next. Despite a dimmed outlook for developing economies due to slowing growth and trade challenges, Barbados stands out with an optimistic forecast of 4.6% growth in 2024. The report...

Bridgetown’s Transformation: More Than Just a Destination, a Vibrant Experience

City MP Corey Lane has emphasized the need to transform Bridgetown from a mere location to a dynamic, experiential destination. Speaking in the House of Assembly, Lane passionately supported the 2023-amended Barbados Physical Development Plan, highlighting its visionary approach. Lane argued that Bridgetown's evolution should transcend its traditional role as a shopping hub. He envisioned a city...

Barbados aims to construct its first wind farm

The International Finance Corporation (IFC) and the Barbados government have signed a contract to support the development and functioning of Barbados' first large-scale onshore wind farm. This landmark agreement ensures the necessary assistance for the construction and operation of the renewable energy project. By combining resources, the IFC and the government of Barbados aim to promote sustainable...

Compare listings

Compare