Senator the Honourable Randall Mitchell, Minister of Tourism, Culture and the Arts is welcoming a new hotel within close proximity to the Piarco International Airport.
According to this press release, the Honourable Randall Mitchell, thanked the hotel chain for choosing to invest in Trinidad and Tobago.
Details follow in this press release...
Trinidad and Tobago is set to welcome a new hotel within close proximity to the Piarco International Airport. The sod turning for the construction of the new Four Points by Sheraton Hotel was held on November 2, 2022 at the North Aviation Business Park, Piarco International Airport.
The $156M Hotel Project by the internationally renowned Sheraton Brand will add 153 high quality rooms to the country’s existing hotel room stock when completed.
During his address, Senator the Honourable Randall Mitchell, Minister of Tourism, Culture and the Arts thanked the hotel chain for choosing to invest in Trinidad and Tobago. He highlighted the pivotal role the hotel will play in attracting foreign exchange and creating employment. He anticipated that the project will provide an estimated 500 new jobs during the construction phase and hundreds more during the operational phase as well as “…cause a great deal of stimulation to our improved Agricultural sector, our robust Manufacturing sector, and of course, our Services sector.”
Minister Mitchell told the audience that included Senator the Honourable Rohan Sinanan, Minister of Works & Transport; and Mr. Tamarco G. Edwards, Director of Prestige Hotels Ltd, and Deputy Chairman of STAGES Group “We are on track to returning the Tourism Sector’s contribution to GDP and we are happy for the jobs and further economic opportunities that this project holds for the people of Trinidad and Tobago.”
Minister Mitchell emphasized the Ministry’s commitment to continue supporting Hotel Accommodation and Tourism Projects through incentives offered under the Tourism Development Act, Chapter 87:22 (TDA) that facilitates both the development of new hotel room stock and improvement of existing room stock. The Act, which is administered by the Ministry of Tourism, Culture and the Arts, provides for benefits to be granted to the owners/operators of various types of tourism projects that contribute to the growth and expansion of the industry.
The coming on stream of the Four Points by Sheraton Hotel forms part of Trinidad and Tobago’s larger thrust to build economic resilience within the travel and tourism sector through the development of the first airport city within the Caribbean.
Trinidad and Tobago’s Four Points by Sheraton Hotel will be the third of its kind within the Caribbean region, and the first to be managed by Marriott Select Brands, the leading hotel group in the world.
