The Government of Belize, through BELTRAIDE, is pleased to announce the completion of the sale of the island of Caye Chapel, on Monday 8 December, 2014. Caye Chapel, an island in the Belize District, consisting of 265 acres, was purchased by a leading Mexican luxury hotel development group.
The group, who are owners and operators of luxury tourism developments in Mexico City, Cancun, and Acapulco, are currently working on a detailed development plan for the island for presentation to Government. It is expected that this plan will include the announcement of a partnership with a renown global luxury hotel brand, to be announced in the near future, as well as the development of high-end residencies and other amenities.
It is anticipated by the buyers that the development of the island will commence early in 2015. The Government of Belize is pleased to welcome this new significant investment into Belize’s growing tourism, sector.