MORE BARBADIANS NEED to show an interest in investing in the island’s hotel and hospitality sector as the country struggles to earn foreign exchange, maintain reserves and service debt.
That’s the suggestion from businessman Philip Tempro, after it was confirmed he and Barbadian partner Bjorn Bjerkhamn had invested millions in a second hotel project that is expected to attract a large international brand to the island.
The pair started Blue Development Inc. and have purchased the Blue Horizon Hotel from Government as part of a private, public sector partnership, with the intent of making it a Hard Rock Hotel.
Tempro wants others to follow their lead. “In recent times, many foreign businesses don’t seem that interested in investing in Barbados, so we in Barbados have to make it work. We have to take the risks. We all want Barbados to prosper, but we also have to decide to be part of the process,” he said. (BA)
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