The Government of the Virgin Islands (VI) has issued a formal invitation for suitably qualified individuals or firms to express their interest in the long-term development of the Prospect Reef Resort. Photo: VINO/File

Many governments have failed to redevelop Prospect Reef Resort, which was further damaged by Hurricane Irma in 2017; however, Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7) is determined to see the project materialise. Photo: GIS/File

The initiative, it said, aims to transform the site into a world-class facility, enhancing the territory's standing as a premier destination for business and luxury tourism.

Interested parties are, as such, encouraged to submit ‘innovative proposals’ that adhere to the outlined objectives, including the development of a high-quality resort that incorporates existing architectural and natural features.

Additionally proposals—according to the invitation—must detail how the site will be elevated and transformed into a facility of international standards.

With this in mind, the government said, it is seeking firms capable of developing, financing, and operating the resort for a minimum of 50 years—facility meeting or exceeding the standards of a four-star hotel—offering consistently high-quality service and amenities.

Development to cater for leisure & business travellers

The proposed development, the Notice said, must cater to both leisure and business travellers and should include at least 150 rooms, with a preference for projects exceeding the stated capacity. Additionally, the newly built resort must feature modern conference facilities capable of accommodating up to 300 delegates.

According to the invitation for proposals, the development should respect and complement the natural and cultural attributes of the surrounding area with proposals demonstrating how the project will align with the VI’s unique charm while contributing to the wider improvement of the region’s tourism industry. Prospective developers are also encouraged to contribute to the growth of the local hospitality sector, by supporting a robust culinary arts training programme.

Expressions of Interest must be submitted—in hard copy—no later than 2:00 PM on March 3, 2025.

Many governments have promised but failed to redevelop Prospect Reef Resort, which was further damaged by Hurricane Irma in 2017; however, Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7) is determined to see the project materialise.