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Garry Olsen, an experienced property developer from upstate New York, first visited Tobago as part of an international hotel consultancy 40 years ago. In subsequent visits to the island, he spotted some flat land on the windward side of island in the community of Roxborough and thought to himself that it would make a great development.
Olsen’s vision for a property development on the oceanfront at Roxborough was unveiled last month when the multinational hospitality company, Hilton, announced the signing of Elephant Tree Resort and Villas Tobago, the first Tapestry Collection by Hilton hotel on the island, scheduled to open in 2028.
The all-in cost of the project—including a private wastewater treatment plant, water storage and land acquisition—is TT$350 million, which is about US$52 million.
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