Business

Bryan Administration Closes on Sale of King's Alley Hotel and Adjoining Property for $3.65 Million

Government House announced Wednesday that Governor Albert Bryan in his capacity as chairman of the board of the Public Finance Authority has signed off on documents finalizing the $3.65 million sale of the King’s Alley Hotel and adjoining property in Christiansted to Neighborhood Establishment. According to Gov't House, the Neighborhood Establishment plans to develop the property, along with the King Christian Hotel into a major enhancement to the Christiansted Boardwalk. According to the release, once fully renovated and integrated, the King's Alley Hotel is projected to become part of the King Christian Hotel and feature more than 100 hotel rooms, eight food and beverage and retail outlets, event space, a pool, courtyard, 27 parking spaces and two boat docks accommodating 20-plus vessels. “Neighborhood Establishment presented a fantastic plan that not only will beautify the already picturesque Boardwalk, it also will greatly enhance the appeal of Christiansted and the entire island...