EDB: $3.5M for Vieques hotel project

Mon, May 23, 2011


CB Online Staff / Caribbean Business

May 23, 2011

The island government’s Economic Development Bank (EDB) announced Monday $3.5 million in financing for the planned El Blok Hotel in Vieques.
The new 21-room boutique hotel is being built at the entrance to the Malecón La Esperanza oceanfront walk near Sun Bay, one of the most popular beaches on Vieques.

The property will include “green” elements including solar power and water recycling.

“This project is one we had to work with because of all the positive elements it brings to the table: its economic impact on the island town of Vieques; the expansion of the hotel room inventory; and its sustainable development methods that seek to harmonize tourism development with the environment,” EDB President Ivonne Otero Guzmán said during a groundbreaking ceremony Monday.

She was accompanied at the groundbreaking ceremony Monday by Economic Development & Commerce Secretary José Ramón Pérez-Riera and Puerto Rico Tourism Co. Executive Director Mario González Lafuente.

The EDB chief reiterated the Fortuño administration’s commitment to sustainable development in Vieques and Culebra.

“Tourism is a key piece in economic development and we at the EDB are confident that El Blok will be an example of that,” Otero Guzmán said.

The project is expected to create some 25 jobs during the construction phase, which is scheduled to kick off next week.

Once operational in December 2012, the hotel is expected to generate 23 direct jobs and support another 34 indirect jobs on Vieques.

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