Range Developments, a subsidiary of Dubai-based Range Holdings has signed a deal with an affiliate of Hyatt Hotels Corporation and Kiawah Partners to develop a Park Hyatt hotel in St. Kitts, an island in the West Indies.
The property will include 200 rooms and 50 branded residential condominiums as well as various F&B outlets, a spa and meeting facilities.
The construction will be completed in three phases, with the first phase seeing 125 being opened, as well as all the amenities and support facilities.
Final investment is still being sought for the project under the St Kitts & Nevis Citizenship by Investment Programme, where shares are being sold for US $400,000, which secures the investor citizenship of the island.
Munaf Ali, chief executive officer at Range Developments, said: “We are pleased to launch a major development project on the beautiful island of St. Kitts, where investors are offered a unique opportunity of citizenship through investment. St Kitts is one of the most tranquil locations in the Caribbean.”
Pat McCudden, senior vice president of Hyatt Hotels and Resorts, added: “Park Hyatt St. Kitts will continue our company’s tradition of delivering an unprecedented level of luxury and unrivalled hospitality experience. Park Hyatt St Kitts will be designed to provide an intimate, contemporary resort environment, with touches of the local culture – a perfect sanctuary for our discerning guests.”
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