Hotel mogul Rob Barrett, along with a number of other partners, have come up with a rescue plan for the ailing Jolly Beach Resort & Spa.
Barrett, who operates several hotel properties on the island, has put together a 90-day Interim Management Plan which is expected to turn around the economic fortunes of the troubled resort starting January 1.
At a press conference last Thursday, government announced that the hotel, located on the southern side of the island, would go into liquidation and it would be taken over by the newly formed Eastern Caribbean Asset Management Company.
Government also pointed out that the receivers would appoint a “competent” administrator to manage the property.
However, Barrett told OBSERVER media that he was approached by Jolly Beach Resort weeks ago and he responded to the call.
The businessman also said he has maintained contact with the management of the property for quite some time.
“It’s more than just trying to save a hotel, it is about stabilizing the industry. If Jolly Beach Resort fails, at least two airlines will immediately cancel flights to Antigua & Barbuda,” Barrett said.
“If Jolly Beach does well after this, we all will do well,” he added
General Secretary of the Antigua & Barbuda Workers Union (ABWU) David Massiah confirmed the details of the plan were revealed during a meeting on Tuesday by principals of St James Club and the Jolly Beach Corporation.
(More in today’s Daily Observer)