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Embassy Suites by Hilton to open in St Kitts in 2017

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Sterling Investment Ltd (SIL), an associate company of Sterling Asset Management Ltd, indicates in its just released annual report for 2015 that its investment, comprising units in a beachfront hotel in St Kitts and Nevis, should start delivering returns in the next year.

Approximately 7.7 per cent of the SIL’s investment portfolio is comprised of a preference share investment in the eastern Caribbean real estate development project.

The St Kitts and Nevis project involves the construction and sale of a 226-suite condominium hotel on land located at Frigate Bay, St Kitts.

The condominiums are being sold under the island’s Citizenship by Investment programme and are being purchased by applicants who wish to apply for St Kitts and Nevis citizenship.

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