Complex sentence: Hedonism II opened in 1976 as "Negril Beach Village" and was given its current name in 1982; it was built by the Government of Jamaica at a cost of $10 million.
Split into simpler sentences: Hedonism II opened in 1976 as "Negril Beach Village" and was given its current name in 1982. The resort was built by the Government of Jamaica at a cost of $10 million.