Bill Clinton: What is the status of the Oasis Hotel project in Haiti?

FOR IMMEDIATE RELEASE May 9, 2011 Meg Galloway Pearce: Phone: 202-572-4045 Email: meg.pearce@clintonbushhaitifund.org Clinton Bush Haiti Fund Invests to Complete Construction of Haitian-owned Hotel and Conference Center in Port au Prince Project Expected to Create Hundreds of Jobs and Bring Many Long-term Economic Benefits to Haiti WASHINGTON, DC — The Clinton Bush Haiti Fund announced today that it would invest million to complete construction on a major hotel project in Haiti that was abruptly halted following the devastating 2010 earthquake. The 130-room Oasis Hotel was fully funded and construction was well underway prior to the quake. While the building itself remains structurally sound, work on the project ceased when several of the original Haitian shareholders perished while others suffered severe financial losses, making them unable to meet their investment commitments to the project. “The Oasis Hotel symbolizes Haiti ‘building back better,’ and sends a message to the world that Haiti is open for business,” Clinton Bush Haiti Fund’s Vice President of Programs and Investments, Paul Altidor said. “For Haiti’s recovery to be sustainable, it must attract investors, businesses and donors all of whom will need a business-class, seismically-safe hotel.” In addition to sleeping rooms, Oasis will have significant meeting space and other business amenities. Fewer than 100 hotel rooms survived the quake in Port-au-Prince, and today Haiti has a critical shortage of hotel …
Video Rating: 5 / 5