PROJECT

Projects

Summary of Proposed Investment

Project Number

29410

Company Name

Millennium Investments Limited

Date SPI Disclosed

Apr 22, 2010

Country

Barbados

Industry

Tourism, Retail and Property

Projected Board Date

May 25, 2010

Status

Completed

Sector

Resort Hotel (Including Lodges)

Department

Gbl Ind, Manufact, Agribus & Services

Environmental Category

B - Limited

Previous Events

Approved : Jun 15, 2010
Signed : Dec 29, 2010
Invested : Jan 25, 2011

Project Description

The project is a planned expansion by Millennium Investments Ltd. (the “Company” or “Millennium”), a vertically integrated operator and owner of The Crane Resort, situated on 38 acres in St. Philip, Barbados. The business model at Millennium is to (i) construct residential units in Barbados and sell the ownership in fractions to end-users and (ii) to operate the completed rooms as a resort management company. The proposed project is to (i) continue construction at the Company’s existing site, (ii) commence construction at a site owned by the Company and (iii) to acquire new land for continued growth.

Sponsor / Cost / Location

Development Impact