Trinidad And Tobago

Tourism promotion investment opportunities

Englishman’s Bay, Tobago
The 400-acre Englishman’s Bay is located on the north coast of Tobago.
It is approximately a 40-minute drive from Crown Point International Airport.

Project concept
Integrated Eco-Tourism
Community: 3-4 Star Level Range
Stringent covenants ensure that the building adhere to environmental and aesthetic standards.
This could include:
· Central Lodge, Homestead 
· Range of Beach Facilities
· Wilderness Park - Nature Reserve
Bayside Towers Phase II, Trinidad
The 2.1-acre Bayside Phase II site sits on the edge of the Gulf of Paria in the northwestern part of the island. 
The site is within 15-minute driving distance from Port of Spain and within one hour from Piarco International Airport during off peak traffic periods. 

Project concept
Business Hotel: 4-5 Star Level Range
This could include:
· 200-400 rooms
· Generous height allowances
· Marina development possible
Lagon Doux, Mayaro, Trinidad
This 510-acre site of Cape Development Ltd is located in Mayaro beach area on the southeastern coast of Trinidad. 
The estate is 1-1/2 hours from Piarco International Airport and is traversed by the main arterial road that leads to the south east of Trinidad.

Project Concept
Resort Hotel: 4 Star Level Range
This could include:
· 300 rooms hotel, potential for expansion
· Luxury residential
· Golf course
Chupara Point, Trinidad
Chupara Point combines a coastal area dotted with small beaches and a pristine environment of lush vegetation and exotic species of flora, fauna and marine life.
Cupara Point is approximately 25 miles from the capital city of Port of Spain and 5 miles from the popular Maracas Beach.

Project Concept
Integrated Resort: 3 Star Level Range
This could include:
· 300 rooms hotel
· Residential, villa clusters and cottages
· Limited village residential
Rocky Point Tobago
The site, at Rocky Point Tobago, is well endowed with palm trees being part of an abandoned coconut estate.
The Rocky Point site takes up 29 acres and it is approximately 8.5 km (5.3 miles) from the Airport and within twenty minutes drive from Scarborough and the renowned Pigeon Point Beach.

Project Concept
Resort Hotel: 4 Star Level Range
This could include:
· 200 rooms resort hotel
· 150 rooms boutique hotel
· Limited luxury residential 
· Full range of beach facilities
Bacolet Estate, Tobago
It is located midway along the Atlantic Ocean side of Tobago, it occupies 300 acres in the Bacolet Valley, with excellent access roads from four directions.
About 5 minutes east of the island’s capital Scarborough and 20 minutes from the Crown Point International Airport.

Project Concept
Resort Hotels: 3 Star Level Range
This will include:
· 200 rooms hotel and cottages
· 100 rooms hotel, one & two-storied structure
· Full range of beach facilities
· Marina
Little Englishman’s Bay Estate, Tobago
The 274-acre Little Englishman’s Bay Estate is perfect for escapism. 
The estate is one hour from Crown Point International Airport and can be accessed through the Northside Road. 

Project Concept
Integrated Eco-Tourism 
Community: 3 Star Level Range
This could include:
· Guest room facilities with additional buildings to provide ancillary facilities
· Range of beach facilities
· Homesteads
· Wilderness Park-Nature Reserve
Invaders Bay, Trinidad
This 4-acre waterfront property is a subdivision of a 72-acre reclamation project that is earmarked for a master-planned development. 
It is located a mere mile from downtown Port of Spain; easily accessible via the Audrey Jeffers Highway. Piarco International Airport is about 16 miles east of the bay.

Project Concept
Business Hotel: 4-5 Star Level Range
This could include:
· 200 rooms expandable
· Enhanced number of suites
· State-of-the-art business center
Las Cuevas Estate, Trinidad
The 450-acre Las Cuevas Estate on Trinidad’s picturesque north coast offers exciting possibilities for a large-scale tourism development. 
Las Cuevas Bay is a 20-mile drive from the capital city of Port of Spain and 3 miles from Maracas Bay. 

Project Concept
Two hotel sites available 
Site 1: 13 Acres
250 rooms, 4 star hotel, with signature restaurant, spa and access to villa
Site 2: 9 Acres
150 rooms boutique hotel, 4-5 star, with spa wellness theme and access to villa
Ministry of Agriculture, Trinidad
Located in St. Clair, Port of Spain, this 5-acre site is currently home to the Ministry of Agriculture. However, it has been earmarked by Government for high-end hotel development. 
In the off-peak traffic period Piarco International Airport is 30 minutes away.

Project Concept
Business Hotel: 5 Star Level Range
This could include:
· 150-300 rooms
· Mixed use with luxury residential
· Limited retail
Tourism Development Incentives
The Tourism Development Act, 2000 (TDA) was introduced to support the development of tourism in Trinidad and Tobago. The Act provides for benefits to be granted to various types of tourism sector. These benefits administered by TDC are as follows:
· Tax exemptions (not exceeding seven (7) years) in respect of gains or profits from the approved tourism project.
· Tax exemption in respect of gains or profits from the initial sale of villas or condominiums or the sites for villas or condominiums, which form part of an Integrated Resort Development.
· An accelerated depreciation of depreciable equipment used in an approved tourism project.
· A capital allowance in respect of approved capital expenditure incurred in the creation of a new tourism project or in the expansion of existing tourism project.
· A tax exemption on dividends from tax exempt gains or profits paid to non-resident shareholders who are nationals and non-resident shareholders who are not nationals and not liable to tax in respect of those dividends in the country in which they are resident.


For more details log on to: www.tourism.gov.tt
Salem Grove, Trinidad
Salem Grove enjoys a strategic location in the south-east region of Trinidad. The 369-acre property fronts onto Guayaguayare Bay.
It is 56 miles from the capital city of Port of Spain and 40 miles from Piarco International Airport.

Project concept
Business and Resort Hotel: 3 Star Level Range
This could include:
· 60 rooms hotel, potential for expansion
· Homesteads
· Village residential
· Possible Nature Reserve

Interview: Pundit Maniedeo Persad
The Opportunities are enormous

Tourism promotion investment opportunities

Business Promotion

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June 2008


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