Hotel pipeline tops US$4.2b, but brand name projects face delays

Jamaica has facilitated more than US$4.2 billion in hotel investments through JAMPRO, but roughly 10 per cent of the pipeline remains delayed, including a Marriott-branded property in Trelawny. These projects – facilitated in the fiscal year that ended in March – are expected to deliver 8,943 new hotel rooms and create an estimated 25,705 jobs, according to Government of Jamaica filings this month to the United States Securities and Exchange Commission. The investments are part of a broader effort to rebuild a sector disrupted by Hurricane Melissa last October.

Raccontata dajamaica-gleaner.com