Packer, De Niro to build $733m hotel on Barbuda, reports say

Penni Schewe


Nobu Inn on Barbuda is owned by Robert De Niro

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By Shermain Bique-Charles

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The 62-sq.-mile island of Barbuda has been earmarked as the spot for another multi-million-dollar hotel which, according to reports, will be crafted by Australian billionaire, James Packer, and Robert De Niro.

Packer and his good friend, Hollywood legend De Niro are explained to be the traders driving an bold $733 million vacation resort in Barbuda. De Niro also owns the Nobu Inn which is also situated on the sister island.

Packer, 54, and De Niro, 78, acquired the lease for the derelict K Club Vacation resort in 2014 intending to create the Paradise Observed resort. It was reported in 2018 that Packer experienced pulled out amid controversy more than land rights on the sister isle. 

Nevertheless, in accordance to modern stories from the Sydney Early morning Herald, Packer claimed he and De Niro experienced invested a incredibly successful 24 hours together and that he was delighted to say that it is a completed offer.

The newspaper described that Packer and De Niro bought a derelict resort on Barbuda in 2015 and, right after six decades of arranging and receiving the acceptance from nearby authorities, Packer disclosed that the challenge is eventually on the starting up blocks and about to get underway.

“Bob and I are heading to establish the most effective vacation resort in the Caribbean together,” Packer mentioned, during his interview with the on the web publication, incorporating that there would be no casino in the new improvement.

“We are heading to create a thing distinctive and stunning, and I think Barbuda will also verify to be an fantastic business growth. I like staying in business enterprise with Bob. He is a dwelling legend.”

The duo programs to have the resort, which is found on a 391-acre plot of land on Princess Diana Beach, operational by next 12 months.

The mega-resort will attribute a person to 4-bedroom villas, each and every of which will have its have non-public pool and seashore entry.

In the meantime, Prime Minister Gaston Browne informed Observer that he was delighted to listen to that the duo had restored their marriage and they would be investing in a resort in Barbuda

“A couple several years back, Packer wrote me a letter advising that he had to withdraw from the Barbuda challenge simply because of the litigation by Trevor Walker. He mentioned to me that they had been harming his international business interest and his manufacturer,” Browne reported.

But now, he stated the recent Privy Council selection has settled the Barbuda land controversy, “which we all know was primarily based on a myth…”, Browne extra.

The determination by the London-centered court docket of charm, in accordance to Browne, has also restored trader assurance in Barbuda, to the extent that yet another luxury resort will quickly be announced for the sister isle.

“Barbuda is a good tale of resilience … reworking a after-neglected island into the crown jewel of the Antiguan and Barbudan men and women,” Browne claimed.

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