Article - Development Plans for of the Margaritaville Island Reserve Resort Roatan, Bay Islands, Honduras Announced - Margaritaville and Karisma Hotels & Resorts will partner with development group Island Shipping, S. de R.L. to bring this all-inclusive resort to life. The new build, slated for completion in 2025, will include 164 rooms, live outdoor music venues, a world-class spa, and branded dining concepts, including LandShark Brewery, JWB Steakhouse, The Beach House, and 5 o Clock Somewhere Bar.