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Sandals coming to Grenada in December, says finance minister
Published on October 27, 2012 Email To Friend    Print Version

ST GEORGE’S, Grenada -- The government of Grenada is awaiting documents from Sandals Resorts International that Finance Minister Nazim Burke says will be doing business in Grenada by mid-December.

“If all goes according to plan, Sandals will open its doors in Grenada on December the 15th,” said Burke.

His pronouncement about Sandals’ arrival in December follows a similar one made recently by Information Minister, Senator Glen Noel.

Sandals Resorts, established in 1981 by Jamaican businessman, Gordon “Butch” Stewart, is reported to be eyeing La Source Resort that ceased operations in Grenada on October 15.

According to Burke, a Memorandum of Understanding (MOU) has been signed and sent to the US “so that the principals of Sandals can also sign that document and send back to us signed, completed copies.”

Burke signed the MOU on behalf of the Grenada government.

“As far as we are concerned,” he said, “we have a deal with Sandals as far as the package of concessions is concerned.”

The finance minister said that as part of the incentive package, Sandals plans on expanding the 100-room La Source Resort to 265 rooms over the next ten years.
 
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