Ground breaking ceremony held for new airport hotel in Trinidad and Tobago
Work will shortly begin on a new Four Points by Sheraton hotel and conference centre at the International Airport Estates complex at the Piarco International Airport in Trinidad and Tobago.
The hotel is being built by developers and designers STAGES Group and Urbahn Architects in response to the lack of airport hotels for air crew and transfer passengers in Trinidad and Tobago and across much of the Caribbean and Central America. Washington DC-based SEAF is the third equity partner in the project.
STAGES Group and Urbahn Architects are the founders of Prestige Hotels Limited and the 154-room hotel will become the first to operate within the grounds of one of Trinidad and Tobago’s two main airports.
According to its backers, the new $25 million hotel will be the first hospitality project in Trinidad and Tobago to be developed in compliance with the Environmental, Social, and Governance (ESG) international ethical business conduct and responsible investment standards.
The project is conveniently located just 800 feet from the airport terminal and is primarily geared toward business travellers and air crews visiting the two-island nation.
The hotel will serve as the anchor tenant and first component to operate within the new 167-acre International Airport Estates, also known as the North Aviation Business Park – the Caribbean’s first Airport City.
It will ultimately contain distinct zones for hotels, international trade, entertainment, offices, retail, warehousing and cargo facilities, and aviation services.
The development site is the first parcel to be developed within the International Airport Estates. The Ministry of Tourism, Culture and the Arts, via its agency, Trinidad Tourism Limited (TTL), has granted tax and custom duty incentives for the development in accordance with the Tourism Development Act.
“As a Trinidad and Tobago-based business, we are proud to lead the team of local and international investors, designers, and manufacturers, who will bring this $25 million project to a successful completion,” enthuses Tamarco Edwards, deputy chairman and founder of STAGES Group.
“Upon opening, expected in early 2025, this hotel property will predominantly serve business travellers, air crews, transit passengers, tourists, and guests of international and local events and conference.”