CIBC FirstCaribbean contributes to Curaçao’s economy as sole arranger and lender of the financing for Sandals Royal Curaçao

WILLEMSTAD - The arrival of Sandals Royal Curaçao from Sandals Resort International will surely mark a milestone in the development of tourism in Curaçao.

CIBC FirstCaribbean, therefore, is thrilled to have been the sole arranger and lender of the financing for the project that will initially include 351-luxurious‘ rooms and suites and is undergoing a complete renovation of the property stretched along the Spanish Water Bay.

Sandals Royal Curacao is expected to have a positive, immediate and long-term impact on the island and the people of Curaçao.  The resort will open in April 2022.

“CIBC FirstCaribbean is committed to fostering economic development in the region.  The presence of Sandals Resorts in Curaçao is a noticeable token that there is confidence in Curaçao as an emerging destination in the Caribbean. It has been an honour for our team at CIBC FirstCaribbean to have assisted Sandals Resorts International as sole arranger and lender of the financing of this magnificent project,” said Pim van der Burg, Managing Director, Corporate & Investment Banking at CIBC FirstCaribbean.

“The presence of Sandals Resorts International in Curaçao is a game-changer for the tourism product of Curaçao. We at CIBC FirstCaribbean are delighted to have contributed to this valuable addition to the Curaçao offering and look forward to sharing our country and hospitality with the world through the new Sandals Royal Curaçao.” said Timba Engelhardt CIBC FirstCaribbean’s Country Head in Curaçao.

Sandals Royal Curaçao will offer 24 lavish room categories, including the introduction of the “Awa Seaside Butler Bungalows and “Kurason Island Poolside Butler Bungalows.” The resort will feature nine gourmet restaurants, including The Duchess, Sandals’ first floating restaurant and bar, constructed from a 92-foot authentic Dutch ship. The property will also be home to the brand's first Awa infinity pool and 38,000 square feet of indoor and outdoor meeting space.  Three oceanfront wedding venues will grace the grounds, as well as a Red Lane Spa, two on-site marinas, and guest access to the neighbouring 18-hole Pete Dye golf course. All this is set in the unique Santa Barbara locale along Spanish water, well known for its breath-taking Caribbean sunsets.

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