Caribbean 360 reports that the Inter-American Development Bank (IDB) is giving multi-million dollar support to a private-sector initiative to develop hotels Jamaica and Trinidad as environmental sustainability leaders. This is part of an initiative launched by the IDB for the construction of “green” hotels in Central America, Mexico and the Caribbean.
Newly launched Leadership in Energy and Environmental Design (LEED) Financing Facility is providing up to US$42 million to build up to eight Marriott hotels that meet Leadership in Energy and Environmental Design standards. It will be facilitated through a master financing facility providing of up to the US$42 million in long-term IDB loans to finance the hotels to be developed by Caribe Hospitality S.A. in Costa Rica, Nicaragua, Guatemala, Panama, Jamaica, Trinidad and Tobago, and Mexico that will meet world-class environmental and sustainability standards. [. . .] Caribe Hospitality S.A., a holding company headquartered in Cost Rica created to develop Marriott-operated hotels in the Central American and Caribbean regions, will develop the projects and Marriott International, Inc., will be responsible for running them.
To receive funding under the Financing Facility or LFF, the hotels must be capable of obtaining LEED certification. LEED, which has become the dominant standard for green building design, requires buildings to meet specific parameters in areas such as energy conservation, efficiency in water use, CO2 emissions, improved indoor environmental quality and resource management.
Photo of beach on southern coast of Jamaica from http://www.great-adventures.com/destinations/jamaica/StEliz.html