Owners of The Market St. Croix Looking to Revive Hibiscus Beach Hotel 'to its Glory Days' With 80 Rooms, Restaurant, Spa and More

The now-defunct Hibiscus Hotel in La Grande Princesse was once a popular spot on St. Croix, with its restaurant drawing large crowds on the weekends while its enticing beach landscape kept visitors coming back for more.

On Thursday, the owners of The Market St. Croix (formerly Plaza West), and Plaza and Moe's Fresh Market in St. Thomas, made their intention to rebuild the hotel public during an Economic Development Authority board meeting.

The EDA heard public testimony from Hibiscus Beach, LLC doing business as Hibiscus Beach Hotel, a U.S. Virgin Islands limited liability company. The owners were seeking Economic Development Commission tax incentives for the ownership, construction and development of a boutique hotel and amenities normally associated with a hotel.

Three of the four brothers who own the property attended the hearing. Waleed Hamed, president of Hibiscus Beach, LLC, was the main speaker. Mr. Hamed is also the co-owner of the Market St. Croix (formerly Plaza West), and several supermarkets in St. Thomas.