Elite Resorts asked to manage Jolly Beach Resort for up to 5 years

CABINET NOTES:

The Cabinet invited two groups to address its members this morning.

The Principals of Elite Resorts were asked to address its management of a refurbished Jolly Beach Hotel.

The object is to have several rooms rehabilitated for the winter season 2022 and to have the Elite Resorts manage the facility for up to 5 years.

The management company will also market the Jolly Beach Hotel and share the profits with the government of Antigua and Barbuda.

The government will move to secure ownership of the hotel.

One of the outcomes will be the staff are assured that when the sale of the hotel is consummated, the staff members who had been severed will be paid from the proceeds of the sale.

Jolly Beach is valued at more than $30 million dollars.

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