Palm Spring to Invest US$4M

Reporter

Palm Springs Resort, one of the leading hotels in Liberia is expected to invest US$4M soon. When such investment is made, it would employ several hundred of Liberians.

“We are currently seeking ways to invest a little over US$4M in the hospitality industry and other areas soon. When such investment is made, it will help the economy in many ways,” a senior manager at the hotel told this paper.

Palm Spring Resort, is owned and manage by Najib Kamand, a Lebanese national but attended his secondary education in Liberia.

At present, the hotel is undergoing renovation that will improve the facilities. It has a casino, swimming pool, executive suites, boutique as well as other modern facilities associated with international hotel.

The official said, base on the prevailing condition in the country, the project will start before the end of this year.


“We are optimistic that things will work well so we can jump start this investment. This will be the first biggest investment in the hospitality industry since this government came into power,” the official added.

On the level of competition, the official said, “we welcome fair competition but not one that will be done in an unfair manner.”

In recent times, some competitors to Palm Spring Resort have been accused of embarking on negative media campaign. For instance, “they sit and manufacture stories to make people believe that palm spring is indebted to its employees, etc. We do not want to go by such negative campaign.” TNR

Next Post

Breaking news: UNKNOWN MEN ATTACK NEC CHAIRMAN’S HOME

Share this...FacebookGoogle+TwitteremailLinkedinPinterestMONROVIA August 1,(TNR)-The Chairman of the National Elections Commission, Cllr. Jerome Korkoyah’s home was late Thursday attacked by unknown men, according to deputy spokesman. ReporterAbout US: The New Republic Newspaper is an independent newspaper established in 2009 by a Liberian journalist, Alphonso Toweh with many years of experience for […]

Subscribe US Now