Robert De Niro’s Paradise Found hotel project in Barbuda is one step closer to becoming reality now that the government has approved it, the Caribbean Journal is reporting.

The hotel project, which includes the refurbishment and expansion of K-Club – a resort which became famous in the 90s when it was a hideaway for Princess Diana – is slated to begin construction in early 2017.

De Niro and Australian media mogul James Packer have purchased 859 acres of land in Barbuda, and will spend US$250m developing the project.

Packer also owns the Crowns Resorts – which operates several locations in Australia with spas, including the soon-to-open Crown Towers Perth, which will feature a spa designed by Blainey North. Crown also has resorts in Melbourne, Macau and Manila.

De Niro is no stranger to the leisure industry either. He co-owns The Greenwich hotel and Shibui Spa in New York and is a shareholder in a number of Nobu facilities, including the first Nobu Hotel at Caesars Palace, Las Vegas where Nobu has created a spa treatment menu at the Qua Baths & Spa. He is also planning a luxury hotel in London’s Covent Garden.

The Caribbean Journal reports that the plans include an eco-friendly LEED-certified resort with 50 villas with private pools, as well as a dedicated airport, a super-yacht marina, a beach named after Princess Diana, and a donkey sanctuary.