Park Hyatt St. Kitts is the first Caribbean property for the well known luxury brand. Situated in luxury development Christophe Harbour on the beautiful south east peninsula of St. Kitts, the hotel opens on November 1st 2017 the south-east peninsula of St. Kitts after 2.5 years of construction.
The 126-room resort is nestled in secluded Banana Bay, overlooking tranquil waters of the Caribbean Sea and rolling hills of the neighboring Nevis island. Home to the three signature restaurants, indoor and outdoor event spaces, 37,000+ sq ft Miraval Life in Balance Spa, two pools and many other sophisticated amenities, Park Hyatt St. Kitts is promoted as offering guests a journey of rare and intimate experiences.
The hotel was developed by experienced middle-eastern development company Range Developments and financed by individual investors under the Citizenship by Investment program of St. Kitts & Nevis. Realizing the success of St. Kitts’ project, Range Developments extended their Caribbean interests to the Commonwealth of Dominica, where the CIP-approved Cabrits Resort Kempinski, Dominica is being developed, and St. Lucia (the Ritz Carlton hotel announced within the Black Bay Development has not yet been approved under St. Lucia Citizenship by Investment Program).
Citizenship by Investment Programs of Antigua & Barbuda, Grenada, Dominica, St. Kitts & Nevis and St. Lucia, all allow investors purchase a property in a government-approved project in order to qualify for citizenship.
Park Hyatt in St. Kitts is the first to be completed CIP-approved development in the Caribbean. CIP-funded Tamarind Hills in Antigua is also finishing their construction and will be open for guests in spring 2018. Nonsuch Bay Resort also located in Antigua is undergoing a significant expansion utilising the citizenship by investment program, and one of the most popular resorts in Grenada, Mount Cinnamon has also been increasing its accommodation base by virtue of the island’s citizenship by investment program.
Citizenship by Investment Programs not only raise funds for immediate needs of the Caribbean island nations, but allow the countries to grow their service and tourism-based economies by offering developers an alternative sales market for the hotel accommodation. CIP-approved developments have positive short- and long-term impact on the country’s economy: by creating short-term construction jobs, employing hundreds of people when the property is opreational, and by supporting local farmers, craft producers, tour guides, and other independent businesses.