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Tourism & hospitality · Equity

The Pelican Bay Hotel & Condominium Project

A 232-suite hotel and condominium at Frigate Bay, St Kitts' main resort strip. US$45m sought for completion.

St Kitts and Nevis flagSt Kitts and Nevis Frigate Bay, St Kitts Under construction $45M sought

Key terms

Capital sought
$45,000,000
Structure
Equity
Stage
Under construction
Sponsor
Private developer

Project figures

Suites
232
Banquet hall
3,000 sq ft
Restaurant & bar
320+ covers
Pool
3,500 sq ft infinity edge

The opportunity

A 232-suite hotel and condominium development at Frigate Bay, the island's principal tourism corridor.

The published scheme includes a 3,000 sq ft banquet hall, a main restaurant and bar seating over 320, and a 3,500 sq ft infinity-edge pool with jacuzzi and deck bar — a conference and events profile alongside leisure keys, rather than pure resort.

At 232 suites this is a large asset for St Kitts, and the US$45m sought is for completion. The capacity question — whether arrivals support another block of this size at Frigate Bay — belongs at the front of diligence.

Incentives available

Hotels of 30 bedrooms or more qualify for a ten-year income tax exemption under the Hotels Aids Act, plus customs duty relief on construction and equipping. Confirm the grant with SKIPA.

Risks to weigh

Large room count against a small arrivals base. Hurricane exposure and the associated insurance cost sit in the base case.

Project originated from Invest St Kitts (SKIPA) . Summarised by us and not audited; details checked 16 Sep 2026.


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