Asia Pacific Investment House Funding Caribbean Resort Development
Wednesday July 3rd, 2013 - 9:02AM S
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BARCELONA, SPAIN—Asia Pacific Investment House (APIH) has raised $50 million in its first round of funding for Resort Development Paradise Haven in St Kitts & Nevis.
Paradise Haven, a 500-acre eco-friendly golf and beach resort development, will feature villas, condominiums, retirement and family residences and spa cluster villas, in addition to a health and wellness spa, eco rain forest hotel and lodges, golf hotel and club house. There will also be a medical center and resort beach on the property. The development will offer an 18-hole golf course, as well.
The first of the four phases of construction is projected to be operational during 2013-2014.
Tags: • Hospitality • Sources of Funding •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.