How to Apply: Integrated Tourism Resort

Proposals to apply for designation as an Integrated Tourism Resort do not require a statutory notice but should include the information outlined below.

• Details of the ownership of the development company including the nationality and current country of residence of all major shareholders;

• the real property description and area (in hectares) of each stage of the development;

• a construction timetable for any scheduled construction and the estimated cost of both existing and planned development;

• a full description of the core hotel including number of rooms, features and facilities;

• a full description of all existing and planned recreational facilities;

• details of 'non hotel' residential real estate including the condition(s) in which it is to be sold and the estimated sales price;

• a copy of the proposed long term (that is, 10 years or more) lease agreement between the resort operator and the owners of the developed residential property; and

• an undertaking from the applicant to provide a detailed annual report of the ownership of all of the residential real estate within the resort including:

  • the name and address of the owner(s) and whether foreign;

  • the consideration and date of the most recent purchase or the estimated value of the residential real estate;

  • for companies, the name and place of ordinary residence of all substantial shareholders; and

  • for trusts, the name and place of ordinary residence of all major beneficiaries.