Nikolay Hotze explained that those plans are behind Caneel’s eagerness to extend its operational agreement with the National Park Service. The current deal lasts another 15 years. But Hotze said it needs a new deal to attract investment capoital and financaing for the renovatiopn plans.
Earlier this week, the House of Representatives authorized the Park service to begin negotiations with Caneel. The resort employs 475 people, making it the island’s largest employer.