Posted: Thursday, January 17, 2019. 2:49 pm CST.
By BBN Staff: The Ministry of Investment, Trade and Commerce continues to promote investment and economic development in Belize.
Yesterday, the Ministry visited the construction works being done at the Marriott Alaia resort in San Pedro.
The $92 million investment in the hotel’s development currently employs about 300 Belizeans during the construction phase.
Alaia will employ 250 full-time Belizean workers during the operation phase of the resort.
The Marriott Alaia, which is a part of the Marriott Autograph Collection, will encompass 162 new luxury rooms in three five-story buildings and eight beach villas.
The luxurious resort will feature a three-tiered pool, spa, world class dive shop, boat slips, a tour desk, restaurants, onsite gym and a state of the art conference room that seats 150 people.
The development is a part of the fiscal incentive program approved through the Ministry of Investment, Trade & Commerce and BELTRAIDE.
The capital investment for phase 1 is approximately $2 million for the conversion of the 42 Banyan Bay Suites and the second phase of the project is an investment of approximately $90 million.
Developer Andrew Ashcroft, emphasized the vision to complete the international branded hotel by the year 2020.
The Ministry extended congratulations to Lynx Holdings Limited and all the members of the Ministry and BELTRAIDE who continue to make investing in Belize a top priority.
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