The Palace Company and Government of Jamaica Break Ground on Moon Palace The Grand Montego Bay, a USD 700 Million Landmark Resort

A USD $700 Million Vision: Moon Palace The Grand – Montego Bay Set to Redefine Caribbean Luxury, Create 3,000 Jobs, and Cement Jamaica’s Global Tourism Leadership

 

MONTEGO BAY, JAMAICA – August 19, 2025 – The Palace Company proudly  announces the groundbreaking of Moon Palace The Grand – Montego Bay,  marking a bold new chapter in its decade-long journey in Jamaica. The  ceremonial event was led by Dr. Honourable Andrew Holness, Prime  Minister of Jamaica, and Gibrán Chapur, CEO of The Palace Company. 

 

With an investment of USD $700 million, this new resort reaffirms The Palace  Company’s deep commitment to the island and its people. Once completed,  Moon Palace The Grand – Montego Bay will stand as a flagship for luxury in  the Caribbean, featuring 1,200 elegantly designed rooms and exclusive  overwater bungalows, 13 world-class restaurants and bars, Jamaica’s  largest spa experience, a thrilling water park, FlowRider®, bowling, an  iconic third-level infinity pool, and access to championship golf. 

 

In 2015, The Palace Company launched Moon Palace Jamaica in Ocho Rios  with an initial investment of $250 million USD. That vision has since contributed to over 1,200 local jobs, supported Jamaican talent, and  integrated sustainability and community development into every aspect of its  operations. 

 

“This project is much more than a resort – it’s a testament to our continued  faith and love for Jamaica, its people and their great future,” said Gibrán  Chapur, CEO of The Palace Company. “With Moon Palace The Grand – Montego Bay, we’re not just building new rooms; we’re building opportunity,  empowering local communities, and shaping unforgettable experiences that  will echo around the world.” 

 

“The Jamaican Government welcomes this major investment in Montego Bay,  which will boost our economy, strengthen our tourism sector, and create thousands of jobs,” said Prime Minister Andrew Holness. “We are proud to  partner with The Palace Company in bringing this vision to life and securing  Jamaica’s place as a global luxury destination.” 

 

Moon Palace The Grand – Montego Bay is expected to generate 3,000 local  jobs, further strengthening Jamaica’s economy and hospitality sector. 

 

As The Palace Company celebrates 10 years in Jamaica, this new investment  reflects a shared commitment to building a brighter, more prosperous future – together. 

 

About The Palace Company

The Palace Company is synonymous with luxury and unparalleled hospitality.  The distinguished conglomerate currently comprises four distinct brands:  Baglioni Hotels & Resorts, a luxurious collection of European plan hotels and  resorts in Italy, and an all-inclusive natural island resort in the Maldives; the  luxury, all-inclusive Palace Resorts in Cancun, Playa del Carmen & Cozumel; the  family-friendly all-inclusive Moon Palace Resorts in Cancun & Ocho Rios,  Jamaica; and the 5-diamond, adults-only Le Blanc Spa Resorts in Cancun & Los  Cabos.