$58m investment in East End to expand resorts

(CNS Business): The developers of Morritt’s Tortuga Club and Morritt’s Grand Resort have announced a major expansion of the East End timeshare and resort with an anticipated investment of some CI $58 million over the next 5 to 10 years, with construction starting on the first phase no later than June of this year. Morritt Properties said in a release yesterday that the two existing resorts have consistent levels of high occupancy, often over 80% year round, and over 12,000 owners worldwide. With the new developments, the goal is to double their timeshare ownership in the next 10 years to 30,000+ club members. Read more on CNS Business