Author: arroyolarue@gmail.com

McKinsey Advises Puerto Rico on Debt. It May Profit on the Outcome.

… & Company is advising the Puerto Rican government on a financial overhaul … been required to disclose any Puerto Rican investments it had via Whitebox … or any branch of the Puerto Rican government. But it says nothing … because Congress, as it wrote Puerto Rico’s restructuring law, excluded advisers …

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Jimmy Buffett Is Opening a New Margaritaville in Costa Rica

 

By the Caribbean Journal staff

Jimmy Buffett’s Margaritaville hotel brand is adding another new property in the Caribbean Basin.

The new Margaritaville Beach Resort is set to debut in Costa Rica with a soft opening on Nov. 1, the company confirmed this week.

The property is now booking for travel beginning in 2019.

jimmy buffett margaritaville costa rica

The new resort is set in Costa Rica’s popular Guanacaste province, the product of a rebranding of the Flamingo Beach Resort and Spa.

The 120-room property is located on the white-sand Flamingo Beach on the northern Pacific coast of Costa Rica, with a large pool with a swim-up bar, an oceanfront restaurant and lounge, a family center, watersports and a spa.

jimmy buffett margaritaville costa rica

A look at the lobby in Costa Rica.

The property also includes a tennis court and a fitness center, along with social and corporate meeting space.

It’s the latest addition to what is a rapidly expanding portfolio of Margaritaville-branded resorts in the wider Caribbean Basin.

jimmy buffett margaritaville costa rica

Margaritaville has already opened its new resort in Grand Cayman, while earlier this year the brand announced plans to build a $250 million Margaritaville resort complex at the Pointe project in downtown Nassau, The Bahamas. (The Nassau property is eyeing the beginning of a phased opening in mid-2019).

jimmy buffett margaritaville costa rica

The planned Margaritaville in Nassau.

The company also recently reopened its Margaritaville Vacation Club by Wyndham in St Thomas.

Last year, Margaritaville formalized a partnership with all-inclusive operator Karisma for a series of Margaritaville all-inclusive hotels across the Caribbean region.

For more, visit Margaritaville Costa Rica.

— CJ

The post Jimmy Buffett Is Opening a New Margaritaville in Costa Rica appeared first on Caribbean Journal.

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The Bahamas Eyes a Rebirth in Grand Bahama

 

By Dana Niland
CJ Contributor

The Bahamas is looking to spur a rebirth on the island of Grand Bahama.

The plan, according to Bahamas Tourism Minister Dionisio D’Aguilar, is to position Grand Bahama as a multi-destination vacation paradise “catering to all tastes.”

D’Aguilar said the government’s recently-announced purchase of Grand Bahama’s Grand Lucayan resort could be the catalyst to the island’s rebirth, “a chance to improve the mood and confidence level on island, and really allow for a proper re-branding of Grand Bahama.”

bahamas grand bahama

The Viva Wyndham Fortuna on Grand Bahama.

“Grand Bahama’s awe-inspiring natural assets – outback forests, mangroves, extensive cave systems, miles of secluded beaches and surrounding seas teeming with trophy fish and an underwater wonderland, will easily allow us to entrench the island as an eco-tourism paradise and haven for fishing, diving and birding,” he said. “On the drawing board are plans to make Grand Bahama a mecca for world-class sporting events from road races, cycling, kayaking, sailing, golf, tennis and sports retreats.”

bahamas grand bahama

The Grand Lucayan complex.

Grand Bahama has already gotten a boost from the recent addition of a second cruise ship from the Grand Celebration firm, which is now bringing daily ferry service to Freeport from South Florida.

bahamas grand bahama

The 1,680-passenger-capacity Grand Classica ship.

“We have seen significant improvement in the total number of passengers coming to Freeport, and we have now focused all of our incentives in getting more of those passengers to get off the ship and spend a couple of nights in Freeport with the full knowledge that, with daily service, they can stay as long as they want and return whenever they are ready,” the minister said.

Indeed, an additional 26,000 passengers arrived in Grand Bahama in the first six months of 2018, compared to the first half of 2017, thanks to growth in cruise and ferry passengers.

— CJ

The post The Bahamas Eyes a Rebirth in Grand Bahama appeared first on Caribbean Journal.

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Puerto Rico still working toward recovery one year after Hurricane Maria

… research study commissioned by the Puerto Rican government and conducted by George … into Puerto Rico. Companies closed, and jobs were lost, resulting in Puerto Rico’s … and infrastructure for Puerto Rico.
However, according to the Puerto Rican government, it is …

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St Lucia PM claims he ‘misspoke’ about new border control authority

By Melanius Alphonse Caribbean News Now associate editor melanius@caribbeannewsnow.com CASTRIES, St Lucia — After telling local media last month that he had no idea where they got the notion from that a proposed new border control agency in Saint Lucia was to be set up as a statutory corporation, in a testy exchange with reporters […]

The post St Lucia PM claims he ‘misspoke’ about new border control authority appeared first on Caribbean News Now.

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