Sandals Resorts International will not move forward with its planned development in Tobago.

The project was announced in October 2017, when Sandals signed a memorandum of understanding to build a 750-room Sandals resort on the island.

"After careful consideration of our current priorities and existing expansion plans, we will unfortunately not be moving forward with development in Tobago at this time," Sandals said in a statement.

The company left the door open to having a resort there in the future, according to CEO Gebhart Rainer, who spoke at a televised press conference on CCN TV6 in Trinidad.

Rainer cited negative publicity and media coverage since the inception of the project, which encountered issues regarding the impact that the resort would have on the environment.

"For us, as a global brand, it is taking on a dynamic that we are not willing to carry on," Rainer said. "We have to concentrate our resources where it does matter and where we are appreciated for what we stand for and what we do."

In the statement, Sandals commended Prime Minister Keith Rowley and his government "on their vision for developing Tobago, and we wish them every success with future plans for the island."

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