Marriott Courtyard Hotel New Kingston Performed Well In 2016, Generates $27M For Panjam
Stephen Facey, Chairman & CEO of The PanJam Group is reporting that the Marriott Courtyard hotel in New Kingston performed well in 2016, its first full year of operations, generating for PanJam $27 million as its share of profit..
Commenting further in the company’s just released 2016 annual report, Mr. Facey indicated that work on the tower phase of the former Oceana property in downtown Kingston, acquired in conjunction with a Canadian partner, started with demolition and clearing of the upper floors. Development of the remainder of the building will take the form of a hotel with a residential component, pending the results of an independent study. BM