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Posted: Monday 23 February, 2015 at 9:00 AM

Construction progressing on the $125 million development Pelican Bay St Kitts

Press Release

    February 23rd, 2015 --  Pelican Bay St Kitts is a planned resort hotel consisting of 226 one bed-room units nestled on 7 acres of gently sloping land, cascading down to the Caribbean Sea.  A luxurious oasis of condominiums and amenities designed to indulge every facet of your senses with panoramic ocean views and lush landscapes. Guests will enjoy a central location in Frigate Bay, infinity pool, restaurants, bars, spa, gym, and beachfront access. 

     

    The construction offices are on site and major earth works have been completed. Concrete is being poured, the sea wall is in progress, and the first set of foundations for three buildings has been completed. Construction is continuing six days a week at a brisk pace with the first three buildings expected to be complete July of this year. 

    Pelican Bay is a development that is 100% owned and operated by local St Kitts and regional Caribbean companies, including Surrey Paving and Sterling Asset Management. The hotel will be operated under a franchise agreement with a leading international hotel chain and will be a significant boost to the development and growth of the St. Kitts tourism industry. Negotiations are far advanced and should be concluded before the first buildings are completed. Pelican Bay hopes to bring sustainable employment and economic growth to the island.

    Surrey Paving is a well-established construction company that has been operating throughout Jamaica and the Eastern Caribbean for well over twenty (20) years. The company has offices in St. Kitts, Jamaica, St. Lucia and Trinidad and Tobago. Surrey Paving, was one of the first Caribbean owned contractors in the region to obtain an ISO 9000 certification.  The certification stipulates adherence to international benchmarks that dictate special levels of statutory, regulatory and quality requirements.

    Sterling Asset Management is the lead equity shareholder in this development and is based in Jamaica. Sterling Asset Management has enjoyed fourteen (14) successful years in business through profitable and prudent investment management. Charles Ross, Director of Sterling Asset Management, has said that “the development was born out of a desire to provide a safe, sound and sustainable tourism product to the global and local market.”

    When completed in 2016 Pelican Bay looks forward to being a driving force with tourism and the local economy bringing solid growth and opportunities to St Kitts.  
     
    For further information about Pelican Bay visit our web site at www.pelicanbay-stkitts.com or stop by our offices in the Sands Complex, unit C10.
     
     
     
     
     
     
     
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