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PARK HYATT ST. KITTS - 5 BUILDINGS UP AND MORE TO COME!
With over 40,000 man hours worked on site in October, we are on schedule. There are over 170 employed on the Park Hyatt construction site and tens of millions of dollars have been spent in the local economy as a direct consequence of Park Hyatt St. Kitts.

Construction of Park Hyatt St. Kitts is rapidly advancing, 5 buildings up are reaching structural completion and work has started on another 15 buildings.
 
   
(Click on the above thumbnails to view the images)
 
 

FURTHER UPDATES ON PARK HYATT ST. KITTS

 
Park Hyatt St. Kitts was featured prominently this month in newspapers such as
The Telegraph and Times of Oman, as shown below.
     
   
     
Is St. Kitts and Nevis leading the Caribbean property revival?
A Caribbean backwater? Or a chic new property hot-spot? If you sat having a sundowner in the main square in Basseterre, the capital of St. Kitts, you would probably think the former. The clock in the centre of the square has stopped at 16 minutes past three, which somehow seems to symbolise a Caribbean that has not changed in years. It is hot, dusty and unhurried, but blessed with lazy charm. This is one of the prettiest
 
towns in the Caribbean, with its old wooden houses slumbering in the sun. You could be in a Graham Greene novel set in the Fifties. But Barbados or Nassau it isn’t.
 
But head south from Basseterre, on to the peninsula overlooking Nevis, St. Kitts’s sister island, and that impression changes with every palm tree. New developments are shooting up, and some are very high-end indeed.
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Ticket to a caribbean paradise - St. Kitts
St Kitts was so highly thought of by the French and British that they fought over it for 200 years, becoming in the process one of the richest islands in the Caribbean thanks to its sugar industry and access to European markets. Now there is an investment opportunity opening up in St Kitts that promises not just a hefty return on capital, but citizenship and passports for any investor of good repute and their family.
 
Under a deal negotiated between Range Developments, a Dubai-based development company, and the Government of St. Kitts and Nevis, anyone investing in the Park Hyatt St. Kitts will qualify for a full Commonwealth passport, assuming they meet strict qualifying requirements.
 
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31ST INDEPENDENCE DAY
As the Federation celebrated its 31st anniversary of Independence on September 19, Kittitians and Nevisians were celebrating the many achievements of the Twin Island Federation over those years. This year, the theme was “A Nation on the Move: Celebrating our Progress”, the entire month of September was designated for weekly activities revolving around the theme. Celebrations ranged from a famous ceremonial parade, national colours day, dance festivities, school visits and many others.

This year’s traditional Independence Ceremonial Parade had a magical feel as it took place under the lights on Thursday (September 18) at the Warner Park stadium – the first time in 31 years it was held at night. Thousands of residents braved early showers and packed the cricket stadium to witness the event. At the stroke of midnight on September 19, the national flag was raised while the national anthem was played by a local steel band, as fireworks concluded the event.
 

 
 
ST. KITTS AND NEVIS ECONOMY A BRIGHT SPOT IN THE ECCU
The performance of the economy of St. Kitts and Nevis since 2013 has been very encouraging and has been the bright spot in the Eastern Caribbean Currency Union (ECCU) as the sub region continues to be affected by the global crisis. Addressing the 17th Annual National Consultation on the Economy, Governor of the Eastern Caribbean Central Bank (ECCB) disclosed that St. Kitts and Nevis has successfully executed the first five of an 8-point programme.
“This performance has been due to an effective implementation of a robust adjustment programme conceived by the government within the guidelines of the Eight Point Stabilization and Growth Programme and assisted by the International Monetary Fund (IMF) with financing and monitoring,” Governor of the Eastern Caribbean Central Bank (ECCB), Sir K. Dwight Venner said.
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St. Kitts & Nevis owns almost one quarter of ECCU deposits
BASSETERRE, St. Kitts - DESPITE experiencing difficult economic times in recent years, Prime Minister and Minister of Finance the Rt. Hon. Dr. Denzil L. Douglas has disclosed that residents of the Federation of St. Kitts and Nevis own near one quarter of deposits in the Eastern Caribbean Currency Union (ECCU).
Prime Minister Douglas - while speaking at the opening ceremony of the National Consultation on the Economy last week - total indicated that deposits increased to
 
approximately $4 billion or 23% of total deposits into the ECCU.
 
“On the financial side of the economy, the banking system...remains stable with key liquidity and profitability indicators exceeding the Eastern Caribbean Currency Union regulatory benchmarks. As at the end of June 2014, total residents deposits increased to approximately $4 billion dollars which is equivalent to about 23% of resident’s deposits in the overall currency union.
 
In other words residents in our tiny Federation own nearly a quarter of all bank deposits in the entire Currency Union which has as its members six independent island nations, all of which are much larger than St. Kitts and Nevis in population and land size, and two colonies of Great Britain.
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