There are 167 hotels totaling 29,113 rooms Under Contract in the Caribbean/Mexico region, according to the July 2015 STR Construction Pipeline Report.
Marriott International (NASDQ:MAR) announced plans to open the first Courtyard by Marriott brand hotel in Kingston, the capital city of Jamaica. The project is being developed by Caribe Hospitality Jamaica.
Hilton Hotels & Resorts (NYSE: HLT), announced yesterday the opening of the 355-room Hilton Aruba Caribbean Resort & Casino, a 15-acre beachfront oasis in Palm Beach, Aruba.
'The Bahamian Government's decision to seek a winding up of Baha Mar is both unnecessary and reactionary, puts Baha Mar's staff and assets at severe risk, and significantly jeopardizes the future of the resort.'
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