Hotel on the Cay, St. Croix U.S. Virgin Islands
The government of the Virgin Islands has chosen a company for a new resort development that will replace the current Hotel on the Cay and transform the pristine property into a 115-room facility to be renamed the Christiansted Harbor Resort Hotel & Marina. The resort's projected cost is $55 million, and it is expected to be completed in 2024, with groundbreaking and hotel occupancy by July of the same year.
Fresh details of the Hotel on the Cay new development, which the Consortium has been following since news broke of the government's efforts to regain control of the property in 2019, was provided by Property and Procurement Commissioner Anthony Thomas after the Consortium sought information. The G.V.I. has made steady progress and in March chose a company, Neighborhood Establishment out of two that submitted bids: Neighborhood Establishment and Global Solutions, according to Mr. Thomas.
Governor Albert Bryan spoke of the new development during the administration's Covid-19 press briefing Monday. "It's finally — after I think it was a 100-year lease or 50-year lease that we were engaged on — we're getting the property back," Mr. Bryan said. The governor appeared to be confident in the ability of the company chosen for the new development, stating that Neighborhood Establishment, a Texas Limited Liability Company, already own two hotel properties on St. Croix — The Waves at Cane Bay and the King Christian Hotel in Christiansted.
The new development has the potential to transform the Christiansted downtown area, said Mr. Bryan, who added that the National Park Service's ongoing development of Fort Christiansvaern — situated on the waterfront facing the Protestant Cay (Hotel on the Cay) property — will further lift the town's potential. The new facility will also include a marina, a move that could expand the growing marine industry on St. Croix, boosting commerce and job opportunities.
Mr. Thomas, the P&P commissioner, revealed principals of the new development to be Chris Pardo, Rino Cassinelli, Chris Thompson, and Matthew Donowho. Investing partners include J. Benton Construction & Bank of St. Croix/United Fidelity Bank.
"Per Neighborhood Establishment, a tentative hotel development timeline from negotiations to occupancy is estimated at 36 months, with 24 months identified from groundbreaking to occupancy projected for July 2024," Mr. Thomas said.
The commissioner also provided detailed information on the beginning of the bidding process to the selection of a development firm: