Barbados-based Elegant Hotels Group today revealed the signing of a management contract with Hodges Bay Resort in Antigua.
The resort will be the company’s first hotel outside Barbados and its first management contract.
The 122-room luxury property on the north shore of the island is currently under construction and is due to open by late 2017.
The property – to be known as Hodges Bay Resort & Spa by Elegant Hotels – will feature ocean-front apartments, villas, executive suites and penthouses together with an infinity pool, spa, three restaurants and six bars.
The company said: “The board of Elegant Hotels believes that management contracts of this kind represent a compelling opportunity to expand beyond Barbados, given they require far less capital investment than full ownership, and is therefore considering a number of other similar targets.”
CEO Sunil Chatrani said: “We are delighted to have signed our first ever management contract, which also represents our first foray outside of Barbados.
“Hodges Bay Resort & Spa will be a chic and distinctive luxury property that, like all of the hotels in our portfolio, offers outstanding accommodation, understated elegance, impeccable service, and the very highest standards of culinary expertise and leisure activities.
“We look forward to integrating the hotel into our existing operations and to putting our own unique stamp on it, while still retaining the property’s individual characteristics.
“The hotel will be a highly complementary addition to our collection, catering as it does for adults and families alike.”