Portofino Resort- Now with a new BEACH BAR!!
Topic Options
#471813 - 09/04/13 11:01 AM CAYE CHAPEL CONSIDERED FOR 5-STAR HOTEL
Marty Offline

CAYE CHAPEL CONSIDERED FOR BELIZEíS FIRST 5-STAR HOTEL

Our last headline announced an agreement by BCB Holdings to sell the resort island property of Caye Chapel to Yumi Limited of the British Virgin Islandsóa US$30 million deal for the purchase of the 265-acre property described as ďa true trophy property.Ē

Today, Amandala asked Prime Minister Dean Barrow to comment on the reported sale of the island, and he indicated his support for plans by the investors ďto put the first five-star hotel in Belize on Caye Chapel.Ē

Barrow said that while he does not know who Yumi is, the person who bought the island is the same person who sold Harvest Caye to Norwegian Cruise Line: Cyril Dennis.

He said that he had met Dennis and had spoken with him about the project. Dennis, said Barrow, had also brought representatives of Six Senses to Belize, just before he did the purchase agreement with BCB Holdings.

ďHis plan to put the first five-star hotel in Belize on Caye Chapel is something thatís very welcome,Ē Barrow told journalists today.

According to a Stock Market Wire report, a final closing on the deal is anticipated to take place on December 20, 2013.

There must be various undertakings completed, and there is a 90-day window before title transfer, Barrow said.

ďWe welcome the possibility that the purchase will be made fast and that thereafter, there are these plans to proceed with the construction of this new five-star hotel,Ē he concluded.

Amandala


Top
#471817 - 09/04/13 11:32 AM Re: CAYE CHAPEL CONSIDERED FOR 5-STAR HOTEL [Re: Marty]
Marty Offline

Five star hotel planned for Caye Chapel


Caye ChapelOn Monday, Prime Minister Dean Barrow confirmed that an agreement for the selling of Caye Chapel is inching toward completion. Yumi Limited, a British Virgin Islands Company is seeking to purchase the island from BCB Holdings Limited for $30 million US dollars to reportedly establish a five star hotel. Itís NOT a done deal yet says the PM, but it is one that he welcomes.

Prime Minister Dean Barrow:

vlcsnap-2013-09-03-11h25m20s200I donít know who Yumi is.† I know that the guy who bought it is the same man who owned Harvest Caye, and sold harvest Caye to Norwegian.† Iíve met with him.† Iíve spoken to him. He brought the Six Senses people down to Belize some time ago, just before he did the purchase agreement.† His plans to put the first five star hotel in Belize on Caye Chapel is very welcome.† One thing I should point out;† he hasnít yet bought Caye Chapel, you know.† Donít let us get ahead of ourselves.† He signed, as I understand, a sales agreement.† There must be various undertakings completed, and I think thereís a window for all that to happen before an actual title transfer will take place. But, so far so good, and we welcome the possibility that the purchase will be made fast, and that thereafter there are these plans to proceed with the construction of this new five star hotel.

vlcsnap-2013-09-03-11h09m42s44vlcsnap-2013-09-03-11h11m06s108vlcsnap-2013-09-03-11h12m07s67 vlcsnap-2013-09-03-11h16m09s94
Following the acquisition of the Port at Commerce Bight last month, Government has committed to upgrading the port to meet international standards. The lease which was granted to The Port of Belize Limited (PBL), was revoked following a long standing battle in the courts. Back in March of 2008, Government served notice to Port of Belize on the revocation of the lease; however, PBL applied to the Supreme Court and obtained an injunction restraining the Minister of Works and Transport from cancelling the lease. But this injunction was discharged by the Supreme Court in July of 2012, making way for GOB to regain possession. However, PBL has gone on record saying that the fight isnít over and they will look into seeking further court action. The PM says that Government remains steadfast.

Prime Minister Dean Barrow:

Youíll have to ask the Ashcroft people.† As far as Iím concerned the position is quite clear and eminently justified by the facts.† We were absolutely within our legal rights to cancel.† Remember this was only done after they has first obtained an injunction, and the injunction had been discharged.† So even if they decide to go to court, in my view they canít win.†

Immediately following Mondayís events in Belmopan, PM Barrow left the country to be with his wife in the United States. He will be returning on Friday, but in the meantime, Deputy PM Gaspar Vega will be holding over for him.

PlusTV


Top

Links
Click for excellent scuba lessons with Elbert Greer!


Things to do

News
Daily News
Daily Weather

Classified Ads
BelizeNews.com
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Amandala
Love FM
The Reporter
Caye Caulker
Chronicles

PLUS TV
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
SanPedroScoop
iTravel Belize
Paradise Theater

Blogs
San Pedro Scoop!
Tia Chocolate
Tacogirl
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Bound for Belize
Conch Creative
As The Coconuts Drop
More Blogs...
Search thousands of Belizean-only websites
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Conch Shell Inn: All rooms are right on the beach in the heart of San Pedro, so within walking distance to anything and everything!!
Lilí Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
Mini Chat

Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
December
S M T W T F S
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
Who's Online
0 registered (), 38 Guests and 5 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
18,676 Registered Members
44 Forums
64,079 Topics
462,376 Posts

Most users ever online: 1,262 @ 06/10/07 07:16 PM




AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com SanPedroDaily.com Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.