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The significance of re-opening the
Four Seasons Resort to Nevis cannot be overstated.
The long-time shuttering of the hotel has removed
a vital source of employment and a hub for subsidiary
economic activity from the local citizenry.
The resort, which once offered 196
luxurious guest rooms, was the island's largest employer,
supporting over 700 jobs. A resumption of business
operations would allow a large pool of workers to
be gainfully employed again, increasing both local
spending and the tax base.
In addition, a widely broadcast re-opening
would draw in visitors from all over the world, as
the Four Seasons brand remains very strong in global
travel markets. Tourists to Nevis would spend their
discretionary income in all manner of ways, which
would be of tremendous benefit to local stores and
shops.
Residents have been awaiting the re-opening
anxiously since operations were closed down in 2008
after damage suffered from Hurricane Omar in mid-October.
It had previously been hit in 1999 by Hurricane Lenny.
Before these incidents, the hotel had been considered
one of the finest in the Caribbean region.
Nevis Premier Joseph Parry has addressed
the situation periodically, and during an airing in
April of his weekly radio show, "In touch with
the Premier," he made it clear that his government
was fully committee to facilitating the re-opening
of the facility, despite the prevalence of pessimistic
rumors downplaying such an eventuality.
At the time, Mr. Parry acknowledged
that securing a viable financial package for the hotel
was extremely difficult due to the tight global lending
environment in the aftermath of the worldwide financial
crisis of the past few years.
Negotiations to re-open the facility
has been complicated by the fact that creditors are
trying to force bankruptcy on the troubled property.
Wachovia Corp. and Capstead Mortgage Corp., holders
of over US$100 million in debt, have filed competing
bankruptcy petitions.
Premier Parry has continually sought
to reassure Nevisians that Four Seasons remained committed
to operating on Nevis, and has chided persons who
have spread rumors to the contrary, calling them "counterproductive."
St. Kitts and Nevis Opposition Leader
Mark Brantley, of the Concerned Citizens Movement,
has previously indicated his support for moves to
get the Four Seasons Resort up and running again.
Even throughout its long closure,
the hotel still rates a high grade of 4 stars from
online travel blog, Tripadvisor.com. A plethora of
guests who have stayed at the hotel left glowing reports,
many promising to return. An announcement that operations
had resumed would be music to the ears of many of
such persons, who would immediately begin thinking
of the best time to travel to Nevis.
The saga of the Four Seasons is far
from complete, and many hurdles have yet to be cleared,
but the local desire to see it up and running again
has not diminished. The resort has the capacity to
instantly change the business dynamics on Nevis in
a positive direction. As previously noted, its importance
simply cannot be overstated.
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