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Caribbean hotel development
St Vincent and the Grenadines has signed an agreement to rebuild Palm Island Resort and the Anchorage Yacht Club on Union Island, both destroyed by Hurricane Beryl in July 2024, as a luxury five-star resort and a boutique four-star property with more than 200 permanent jobs expected on completion.
Europe’s oldest luxury hotel group, Kempinski Hotels, has broken ground on its first Caribbean property, a 119-residence branded residential resort on Grace Bay Beach in Turks and Caicos, developed with JTRE and due for completion in early 2028.
Barbados’s largest private investment, the 175-million-dollar Hyatt Ziva hotel at Carlisle Bay, is advancing to its vertical construction phase after nine years of delays, promising 380 rooms, 40 condominiums, 2,000 construction jobs and 1,200 permanent positions.
St Vincent and the Grenadines announced four major hotel developments totalling over 1,000 new rooms, led by a Beaches Resort by Sandals expected to create 2,000 jobs, as the country recorded over 100,000 stay-over visitors for the first time in its history.
The Bahamas is experiencing one of its most ambitious hotel and resort development waves in years, anchored by Baha Mar’s 700-million-dollar expansion, Atlantis’s 1.93-billion-dollar refinancing, and major new luxury projects in Exuma, Eleuthera and the Out Islands.
Caribbean summer tourism breaks records across Jamaica, Barbados and the DR as Barbados champions a US$8 billion clean energy blueprint and the CDB documents a 185,000-unit regional housing deficit.
Our Mid-Year 2025 Six-Month Special Edition reviews Caribbean property and investment from January to July 2025 — covering the emerging global rate-cut cycle, Caribbean mortgage market recovery, record tourism, Guyana oil ramping toward 550k bpd, the opening of hurricane season 2025, CBI demand, and the Caribbean hotel development pipeline.
The Grand Hyatt Grand Cayman, the island’s first new five-star international hotel brand in 20 years, is opening on Seven Mile Beach with 354 units, while the Hyatt Centric Residences development on the adjacent former Margaritaville site adds 316 new branded residences to the pipeline.
Record Easter occupancy across Jamaica and Barbados, St Kitts CBI records, Grenada property momentum, and Jamaica hotel construction surge headline Caribbean spring 2025 — as ECCB documents the deepening housing affordability crisis.
Caribbean property enters the 2024 holiday season with record tourism bookings, Barbados luxury demand, Cayman residential strength, and Guyana commercial real estate undergoing an oil-fuelled transformation.
Jamaica Homes News
Independent Jamaican journalism worth supporting.
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Jamaica Homes News brings you the latest Jamaican news, property, business, tourism, development and community stories from across the island. Discover the people, places and developments shaping Jamaica today, with timely news and local insight you can trust.
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