The owners of the Fairmont Hamilton Princess Hotel have applauded politicians for steering through legislation granting them tax breaks on a redevelopment programme for the flagship resort.Last Friday Government pushed through the Hotels Concession (Fairmont Hamilton) Order 2013, granting owners the Green family a $14.2 million tax break on the $70 million facelift. That order, which was rubber stamped in the Senate yesterday, replaced an earlier order which had erroneously provided just $3.3 million in concessions.“We would like to thank both the Government and Opposition for unanimously passing the Hotels Concession (Fairmont Hamilton) Order 2013 and we are delighted to be moving forward with the renovations project at The Fairmont Hamilton Princess,” the owners said in a statement released this afternoon.“We wish to emphasise that a project of this size would not be possible without the appropriate tax concessions as the financing of the project was contingent on getting these concessions.“We understand that there was a miscommunication with regard to the terms of the original Hotel Concessions Order but we were pleased with the speed and professional manner in which Minister Crockwell and his team dealt with rectifying this situation. By dealing with the situation quickly, we are now able to get the necessary approvals in place to start construction later this year during the hotel’s low season.”The family bought Bermuda’s oldest hotel last September, and soon after announced that it was pouring $70 million into the resort. The upgrade consists of three separate projects — a new pool area and landscaping, the refurbishment of 69 rooms and suites in the Poinciana wing, and a state-of-the-art marina and restaurant. Work is expected to begin towards the end of the year and be completed by the beginning of next summer.In their statement, the Greens pointed out that the breaks will enable the resort — and indirectly, Bermuda — to be promoted to overseas markets.“A large portion of this concession will be spent on marketing the redeveloped Hamilton Princess Hotel through international campaigns that will raise the profile of Bermuda as both a destination for tourists as well as business travellers,” the statement said.“The remainder of the tax breaks will be spent on training Bermudians and local entertainment.“We are excited about the job opportunities that the renovations project will create. By November 2013, there will be over 120 people working on the hotel site, the majority of whom will be Bermudian. In addition to this, it is our plan to create more permanent job opportunities once the marina has been constructed and the new restaurant is operational.”