Prime Minister welcomes loan facility for small properties

POSTED: 06/25/12 12:59 PM

GREAT BAY – Prime Minister Sarah Wescot-Williams issued a statement Sunday congratulating the St. Maarten Chamber of Commerce and Industry and the Postal Savings Bank (PSB) on the signing of the Memorandum of Understanding (MOU) that will enable small hotels and guesthouses to benefit from affordable loans to upgrade their properties. The agreement was signed last week Thursday.
“I would like to sincerely congratulate both the St. Maarten Chamber of Commerce and Industry and the Postal Savings Bank on the signing of this important MOU. This is an excellent example of how two entities can join forces resulting in an increased level of excellence for which our hospitality industry already is known. Small hotels and guest houses form an important part of our tourism product and this is an excellent opportunity for these important types of accommodations to upgrade their services,” the Prime Minister commented.

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