NIKKI BEACH HOTEL PLANNED FOR NEW GRENADA DEVELOPMENT
CaribbeanNewsDigital

St. George, May 11, 2008 -- Peter de Savary, chairman and founder of Port Louis, Grenada, has agreed to an investment development plan that calls for approximately 90 luxury villas, at between 4,000 and 6,000 square feet each, and apartments.

The properties will overlook the Port Louis village, the Caribbean Sea and a marina, which offers more than 300 yacht berths. DeSavary is partnering with Park Town Capital Plc. to develop the project.

Nikki Beach, in partnership with The De Savary Group, also plans to construct a six-star resort/hotel/club with up to 180 rooms and suites within Port Louis.