Premier Andrew Fahie has signed a redevelopment agreement with Peter Island Resort and with that is the promise of more employment opportunities for locals.
David Van Andel, director of the resort, signed on behalf of Peter Island (2000) Limited, whose closure because of the September 2017 hurricanes led to hundreds of job losses of its employees.
“I promised you during the 2020 budget address that my government will work with resorts like Peter Island Resort to return to service in order to accommodate our overnight visitors, which gives an additional boost to our post-disaster room stock,” Premier said in a recent government media release.
“By adding this development, you the people of this territory can see that we will be much closer to our desired medium-term room stock target of 5,000 as outlined in the 2020 budget. This will further increase the economic activity in the Territory and will benefit all stakeholders in the industry.”
Millions will be circulated
Upon completion, the resort is expected to have 52 rooms and suites as well as three villas, the release said.
“The reopening of the hotel’s main sections will be done in December 2021 [and] this development is expected to project $18 to 22 million into the Virgin Islands economy per annum,” it added.
Hundreds to benefit
Fahie, who is also the Minister for Finance, said both the construction and the hospitality sectors would directly benefit from the redevelopment of the resort.
“During the construction phase, this development will create approximately 160 local jobs. Upon completion, the resort is expected to contribute no less than 50 jobs to the Virgin Islands economy. There will also be internship opportunities for hospitality students which Virgin Islanders majoring in the field can take advantage of,” Fahie said.