Packer, De Niro to build $733m hotel on Barbuda, reports say

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Nobu Inn on Barbuda is owned by Robert De Niro

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By Shermain Bique-Charles

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The 62-sq.-mile island of Barbuda has been earmarked as the spot for yet another multi-million-greenback resort which, according to stories, will be created by Australian billionaire, James Packer, and Robert De Niro.

Packer and his good friend, Hollywood legend De Niro are stated to be the buyers driving an bold $733 million vacation resort in Barbuda. De Niro also owns the Nobu Inn which is also located on the sister island.

Packer, 54, and De Niro, 78, procured the lease for the derelict K Club Resort in 2014 intending to develop the Paradise Located vacation resort. It was reported in 2018 that Packer experienced pulled out amid controversy in excess of land legal rights on the sister isle. 

On the other hand, in accordance to new stories from the Sydney Morning Herald, Packer explained he and De Niro had put in a pretty productive 24 several hours jointly and that he was happy to say that it is a carried out offer.

The newspaper claimed that Packer and De Niro acquired a derelict resort on Barbuda in 2015 and, soon after 6 years of organizing and having the approval from neighborhood authorities, Packer disclosed that the task is finally on the commencing blocks and about to get underway.

“Bob and I are heading to create the very best vacation resort in the Caribbean with each other,” Packer said, through his interview with the online publication, including that there would be no on line casino in the new development.

“We are heading to establish one thing exceptional and attractive, and I consider Barbuda will also prove to be an superb business enhancement. I adore getting in business enterprise with Bob. He is a living legend.”

The duo designs to have the vacation resort, which is situated on a 391-acre plot of land on Princess Diana Beach, operational by up coming 12 months.

The mega-resort will attribute one to four-bed room villas, just about every of which will have its individual non-public pool and seaside entry.

Meanwhile, Primary Minister Gaston Browne told Observer that he was delighted to hear that the duo experienced restored their connection and they would be investing in a lodge in Barbuda

“A number of decades in the past, Packer wrote me a letter advising that he experienced to withdraw from the Barbuda challenge due to the fact of the litigation by Trevor Walker. He mentioned to me that they were detrimental his worldwide small business fascination and his brand name,” Browne claimed.

But now, he claimed the recent Privy Council determination has settled the Barbuda land controversy, “which we all know was based mostly on a myth…”, Browne added.

The decision by the London-primarily based court docket of appeal, according to Browne, has also restored trader self esteem in Barbuda, to the extent that yet another luxury resort will shortly be declared for the sister isle.

“Barbuda is a terrific tale of resilience … transforming a the moment-neglected island into the crown jewel of the Antiguan and Barbudan folks,” Browne claimed.

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