Spanish chain invests $200M in Caribbean hotels

Trelawny Parish in Jamaica is likely to get two more hotels as Spanish chain H10 Hotels invests $200 million to expand its operations in the Caribbean.

H10 Hotels operates in the Caribbean under the brand Ocean by H10 Hotels, which is a joint venture between the Spanish hotel chain and Canadian tour operator, Transat A T Inc. Ocean has operations in the Dominican Republic, Mexico and Cuba, but Jamaica will be the first country in the English-speaking Caribbean to accommodate the hotel brand.

At the Jamaica Tourist Board's New Kingston headquarters, Spanish businessman and H10 investor Carlos Moleon said that the chain "believes that the Jamaican Government has done a great job with the reforms towards foreign investments and that is why H10 has decided to heavily invest in Jamaica…With our alignment and joint venture with Transat A T, we have guaranteed through the tour operator the hotel will be full, obviously any new product that comes from a new brand will bring new products and services. We believe a new brand in the island is always good because it spreads the tourists in the different areas and from the different markets."

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