The Project
DSM entered into a Hotel Marketing and Management Services Agreement (HMMSA) with an international Resort Management Company – AMResorts Marketing Panama S. de R.L (AMR) a subsidiary of AMResorts, a leading international Resorts management company and a subsidiary of the Apple Leisure Group – which is now part of HYATT Hotels Corporation; to manage and operate the 500 keys Luxury Hotel Resort, consisting of two (2) of its leading Resort brands; Secrets®/Dreams® with two hundred (200) and three hundred (300) rooms, respectively.
It also engaged the services of CBRE Limited/CBRE Hotels Vacation and Advisory Services to evaluate the market and competitive supply and demand for the Secrets®/Dreams® resorts in Tobago.
The Secrets®/Dreams® site is approximately 18.7258 hectares and is located on the south-western side of the island of Tobago at Kilgwyn Estate and is approximately one (1) kilometer fromthe ANR Robinson International Airport.
EIA Report
Environmental Impact Assessment (EIA) for Environmental Management Authority Regulatory CEC approval for the 500 Rooms Dreams and Secrets Luxury Hotel Project, situated at Kilgwyn Estate, Tobago.
Project Team
AMRESORTS MARKETING PANAMA S. DE R.L (AMR)
AMResorts is North-America’s fastest growing leisure resort management company with over two decades of unparalleled success providing award- winning resort brand management and marketing services to six unique brands of an AMRTM Collection that match every lifestyle and stage of life. Its portfolio has properties across Mexico, Caribbean, Central America and Europe. AMR manages six (6) brands at thirty-seven (37) destinations, through ten (10) countries, consisting of thirty-two thousand, three hundred and twenty-seven (32,327) rooms. It also operates more than seventy (70) resorts in ten (10) locations worldwide and have more than 30 Projects on its pipeline.
AMResorts utilizes the ALG Vacation distribution platform to move annually approximately 3.2 million North American passengers through scheduled flights, charter flights and vacation packages to Mexico, Dominican Republic, Jamaica and the Caribbean region.
AMResorts management and marketing access to the ALG Vacations distribution platform with its over 5,000 sales representatives and 50,000 agents have resulted in increases of 42%, 19%, 200% and 96% in ADR, OCC, GOP and GR, respectively over the last two decades.
AMResorts Marketing Panama S. DE R.L. (AMR) is a subsidiary of the AMResorts, the resort operator company of Apple Leisure Group – a leading North American Tourism, travel and hospitality service provider, with a unique business model. AMR is the recognized leader in the luxury all-inclusive sector (Unlimited Luxury), possessing a global sales, marketing and brand management platform with portfolio of approximately 32,327 rooms under several Award- winning brands in Mexico, the Caribbean and Central America.
AMR signed a Hotel Management and Marketing Services Agreement (HMMSA) with DSM on 21st July 2020; to manage and operate the Resort under its Secrets®/Dreams® brands, consisting of 200 and 300 rooms, respectively.
This initiative is led by Mr. Fernando Fernandez, Vice President of Development, Inclusive Collections, HYATT. He leverages over three decades of experience in hotel operations, Consultancy and Development to accelerate the group’s expansion goals in key markets. Fernando is responsible for increasing the company’s footprint in the Caribbean and Latin America by securing partnerships with hotel owners and developers in these high demand markets.
The Apple Leisure Group® business model is centered around resort brand-management, while integrating all of the companies to provide a complete vacation experience. The proprietary distribution channels, which are enhanced by their inclusion into the Hyatt family are ALG’s competitive advantage and their ability to drive occupancy to the AMRTM Collection resorts as illustrated in below.
DCM ARCHITECTURE & ENGINEERING LLC (DCM)
DCM is an architecture and engineering design and construction firm that designs, builds and maintains award winning architecture and engineering Projects in the USA and around the world. DCM’s clients include private developers, property managers, private fortune 500 companies and multiple agencies of federal and state governments.
DCM has over thirteen (13) years of global high -performance architecture and engineering experience and is led by its President and Chief Awesome Officer – Mr. Eduardo Guzman – R.A. LEED AP. DCM is headquartered in Philadelphia, USA, with other offices in Washington, New York, India and Barcelona – Projects in nine (9) countries and seventy (70) talented people.
Eduardo’s holistic approach to design and construction is based on twenty-two (22) years of experience. A former Fulbright Fellow, he is a frequent lecturer and Critic at schools of Architecture at the University of Pennsylvania, Drexel University and Philadelphia University.
SINOHYDRO CORPORATION LIMITED (SCL)
SCL shall provide EPC Services. It was founded in the early 1950’s and is the key international brand of POWERCHINA CORPORATION, which is a Fortune Global 500 Company.
In 2020 POWERCHINA was ranked No. 5 and No. 7 on the Engineering News- Record – ENR lists of Top 250 Global Contractors and Top 250 International Contractors, respectively SCL is a leading global player in Design, Construction, Project Financing, Implementation and Operations in almost all kinds of infrastructure, such as Power, Transportation, Civil Works and Real Estate, with diversified operations in over 100 countries.
CBRE LIMITED/CBRE HOTELS VALUATION & ADVISORY SERVICES (CBRE)
CBRE Limited is the industry’s – leading trusted Advisor, Consultant and Valuer in the hotel space with Advisory Assignment within the US in 2021 of $66 Billion, Average Annual Hotel Assignment of over 3,000; and a Hotel Property Data Base of over 7,000 Operating Statement. CBRE evaluated the Tobago market and competitive supply and demand for the 500-Room Hotel Resort and is currently updating this Study.
OPTIMAL GEOSCIENCES & ENGINEERING SOLUTIONS LIMITED (OGESL)
OGESL is led by its Managing Director – Dr. Ryan Ramsook and consist of certified and experienced professionals and several associate scientists with over seventy (70) years combined experience in the fields of environmental sciences, geotechnical engineering, upstream-downstream hydrocarbon industry, civil and coastal engineering, mining industry and disaster management. These services are provided in the Caribbean and South America.
Optimal GESL will be responsible for effecting the EIA and the EIA Study Report, consistent with the Terms of Reference of the EMA.
FCL FINANCIAL LTD
FCL FINANCIAL LTD (FCL) is responsible for executing the Owner’s vision to establish the luxury hotel resort in Tobago, which includes the selection of the Development Team; negotiation of the land purchase ; selection of the Hotel Manager and negotiation of the HMMSA with AMR; negotiation of the design contract with DCM; and negotiation and execution of the agreement with Optimal Geosciences & Engineering Solutions Limited to provide geotechnical, environmental and related services necessary to obtain the Certificate of Environmental Clearance (CEC) for the development’s design and construction. FCL is also responsible for advice and determination of the resort’s financial structure, securing investors and negotiating the debt and equity arrangement for financing the resort’s construction.
FCL was founded in 1998 by its Chief Executive Officer, Daniel Lambert, with over three decades of post graduate experience in Strategic Management Consultancy, Investment Advisory and Project Financing Brokerage Services. FCL continues to provide management consultancy services to a diverse base of customers, Investment Advice at individual and corporate levels and project financing brokerage for clients in various industries in Trinidad and Tobago.
Benefits to Tobago
Capital Injection of – US$100M
Estimated Annual Operating Income – US$69.4M
Employment during construction – 1,800 people
Permanent jobs post-construction – 818 people
Status as an International Travel Destination.
Attracting approximately 34,600 travelers to the island by year 5 or approximately 13.8% of the annual visitors envisaged by the Draft Tobago Mid-Term Policy Planning Framework 2019-2023.