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Basseterre, Saint Kitts, February 12, 2026 (SKNIS):
The Government of Saint Kitts and Nevis has secured full State ownership of major lands and assets in the Frigate Bay area, marking what Prime Minister Dr. Terrance Drew described as a significant milestone in the Federation’s sustainable development agenda.
The announcement was made on Thursday, February 12, 2026, during the first Sitting of Parliament for the year.
Under the landmark agreement, the State now holds full ownership of the lands on which the Frigate Bay Golf Course is constructed, all shares in Frigate Bay Golf Limited, and an additional 77.23 acres of prime land in the Frigate Bay area.
The newly acquired properties include 16.10 acres comprising the northern holes of the golf course adjacent to the Koi Resort; 13.16 acres of vacant land west of the course overlooking Half Moon Bay; and 47.97 acres situated between Frigate Bay Road, Earles Mornes, Bird Rock and the heights of Frigate Bay.
Dr. Drew said the acquisition continues the longstanding vision of the St. Kitts-Nevis Labour Party administration to expand land ownership and promote sustainable economic growth. He referenced the historical importance of Frigate Bay and past national efforts to develop the area for the benefit of citizens.
Oversight of the golf course’s daily operations and long-term development will fall under the Ministry of Tourism and the Frigate Bay Development Corporation. The government said this arrangement will ensure alignment with national sustainable tourism goals.
Plans are already in place for strategic development of the additional lands. The 13.16-acre parcel is expected to support infrastructure for luxury villas and possibly a high-end hotel, capitalizing on its elevated views of the golf course and Half Moon Bay.
The larger 47.97-acre parcel will be subdivided into residential and commercial lots. Government officials indicated that particular attention will be given to providing young citizens with access to land ownership as a means of building generational wealth. The administration also intends to collaborate with local financial institutions to facilitate accessible financing options for prospective buyers.
Prime Minister Drew emphasized that the agreement required no direct financial outlay by the Government. Instead, compensation to the Royal St. Kitts Group of Companies was structured through the issuance of 725 Public Benefit Units under the Citizenship by Investment (CBI) Programme.
In addition, the Government confirmed that a US$10 million loan extended in 2023 to support operations at the St. Kitts Marriott Resort remains on schedule for full repayment by the second quarter of 2026. Approximately US$3.1 million has already been repaid. The loan structure is also expected to generate at least US$2.5 million in application fee revenue to the State through the Public Benefit Unit mechanism.
Dr. Drew described the agreement as a major step toward strengthening national ownership of critical tourism assets while expanding economic opportunities for citizens. He reiterated the administration’s commitment to long-term development and its broader vision of transforming St. Kitts and Nevis into a Sustainable Island State.
The acquisition represents a pivotal development in the continued evolution of Frigate Bay as one of the Federation’s premier tourism and residential destinations.
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