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Tag Archives: Grace Bay Resorts
Turks & Caicos Real Estate Year End Market Report 2017
Turks & Caicos Real Estate 2ndQ Market Report 2017
Turks & Caicos Construction Update – The Dunes Villas
In early September 2014, The Dunes Development ( #turksandcaicos ) broke ground on the first building of a two villa micro-resort concept and design which, after completion, will be managed by Grace Bay Resorts, the leader in the short term rental market in Providenciales with Grace Bay Club, The Estates at Grace Bay Club, West Bay Club and the new villas The Residences. The Dunes will be a welcome addition to Grace Bay Resorts rental portfolio. We welcome you to view our April 2015 construction update. Click on the picture below to download the 6 page PDF update.
Turks & Caicos Real Estate 2013 Year End Market Report
As we ring in 2014, Turks & Caicos Sotheby’s International Realty (TCSIR) celebrates another record year, and our fourth consecutive year in the number one market share position, on the strength of the production of a great team. Link to complete report.
by Turks & Caicos Sotheby’s International Realty
Turks & Caicos Real Estate Market Report – 2nd Quarter 2013
After a tepid start to the year, Turks & Caicos had a strong second quarter to finish the first half of the year up 16.9% in dollar volume over last year. This increase is mostly based on the 16.5M Grace Bay beach transaction to the same Venezuelan hotel developer (Desarrollos Hotelco Turks & Caicos Ltd. (DHTCI)), behind the JW Marriot project to the west of Seven Stars. In addition, the July 1st increase in stamp duty fueled a number of deals into late June closings.
Joe Zahm, President, Turks & Caicos Sotheby’s International Realty
t. 649.946.4474 c. 649.231.6188 turksandcaicossir.com
GRACE BAY RESORTS ANNOUNCES THE RESIDENCES, THE FIRST LUXURY MICRO-RESORT IN THE TURKS AND CAICOS
GRACE BAY RESORTS ANNOUNCES THE RESIDENCES, THE FIRST LUXURY MICRO-RESORT IN THE TURKS AND CAICOS
Boutique Developer Redefines Villa Ownership with Sophisticated Beachfront Residences on Award-Winning Grace Bay Beach
Providenciales, Turks and Caicos – February 27, 2013 – Poised to become the most coveted address in Providenciales, Grace Bay Resorts introduces The Residences, the award-winning hospitality brand’s first-ever standalone residential villa enclave in Turks and Caicos. Dubbed a “micro-resort,” The Residences offer all the handmade comforts of a private home with the management and luxury services of a five-star resort. Paired with the hospitality group’s personal concierge service and unrivaled attention to detail, The Residences on Grace Bay Beach exemplify the luxury lifestyle experience in the Caribbean.
Comprised of three luxury homes currently under development, the micro-resort combines sophisticated, elegant design with the highest level of service and exclusive amenities. Each of the custom-designed homes is located on a 95-foot-wide freehold parcel of private beachfront and offers over 6,000 square feet of indoor and outdoor space, four bedrooms, four and a half bathrooms, and 2,600 square feet of external area with private deck surrounding an infinity pool and outdoor shower. The two oversized master bedrooms provide oceanfront views, while the master bathrooms boasts free-standing tubs, glass showers and double vanities. Expansive living and dining areas offer 14’ ceilings, solid wood kitchens with appliances from Sub-Zero and Wolf and the highest quality imported fixtures and finishings.
The Residences are designed by Coast Architects from the UK, known for its work with Amanyara, Parrot Cay and a multitude of super luxury residences in Turks and Caicos.
“Grace Bay Beach offers an unparalleled location for launching Grace Bay Resorts’ first freestanding residential concept. We continue to see significant interest in this type of property on Providenciales from our most sophisticated luxury customers, who are interested in buying residential property or renting for short term, high-end family vacations,” states Mark Durliat, Chief Executive Officer and Principal of Grace Bay Resorts. “Ownership of a single family home on Grace Bay Beach is a rare opportunity, particularly one managed by a proven resort developer and operator. We are confident in the potential of The Residences as this is a luxury offering not previously available in the marketplace.”
In addition to calling Grace Bay Beach home, owners are provided access to the resort property’s common areas and amenities, including an elegant owners’ library, a reception area where guests are able to check in and access on-site management and concierge staff, and a fully-equipped fitness center. In-villa services include spa treatments, in-room chefs, concierge services, housekeeping, maintenance and beach services, as well as preferential access to the award-winning Grace Bay Club, including signing privileges at all restaurants and bars. While not in residence, owners can opt to rent their home to high-end travelers seeking an ultra-luxury, private vacation experience. Prices for The Residences start at $3.7 million, with Turks and Caicos Sotheby’s International Realty managing all sales efforts on behalf of Grace Bay Resorts. www.GBResidences.com
**Prices and availability are subject to change without notice.
About Grace Bay Resorts
Grace Bay Resorts is a boutique developer and operator of high-end, luxury resorts and branded residences, founded from its flagship property Grace Bay Club in Turks and Caicos which opened in 1993. Led by Mark Durliat and Nikheel Advani, the developers and hoteliers behind this renowned resort, and Michael Brewster, Grace Bay Resorts provides development, branding and management for its brand and is expanding its award-winning services into other Caribbean destinations and Latin America, with a target of 10 properties in the next few years. For more information, please visit www.gracebayresorts.com.
About Turks & Caicos Sotheby’s International Realty
Led by President / Broker Joe Zahm, Turks & Caicos Sotheby’s International Realty is the leading real estate company in the Turks & Caicos Islands and enjoys a solid number one market share position. TCSIR has enjoyed great success with Mark Durliat and the Grace Bay Resorts brand and operates its flagship office on Grace Bay Road as well as an on – site office at the renowned Grace Bay Club. http://turksandcaicossir.com
About Coast Architects
Founded in 2007 by Simon Nicholls and Chris Davies, Coast is one of the leading architectural firms in the Turks & Caicos Islands. Specializing in high-end residential villas and resort projects, Coast works with clients and consultants from all over the world and provides comprehensive architectural services, design coordination, contract administration, landscape design and interior design including procurement and installation. www.coast.tc
Media Contact:
Courtney Marzahn
Susan Magrino Agency
212.957.3005 / courtney.marzahn@smapr.com
Turks & Caicos Islands Shines in Conde Nast Traveler – Readers’ Choice Awards 2012
Condé Nast Traveler Readers’ Choice Awards where readers participate online in awarding properties and destinations by rating them in several categories. We are pleased that Turks & Caicos continues to shine as a tourist destination with the following list of awards:
Turks & Caicos Islands – Top 10 Islands in the Caribbean & Atlantic Region 2012
Parrot Cay Resort – World’s Best Places to Stay Gold List 2012, Top 30 Hotels in Caribbean & Atlantic 2012, Top 25 Spas in Caribbean & Atlantic 2012
Amanyara Resort – World’s Best Places to Stay Gold List 2012, Top 30 Hotels in Caribbean & Atlantic 2012
Grace Bay Club – World’s Best Places to Stay Gold List 2012, Top 30 Hotels in Caribbean & Atlantic 2012
Seven Stars Resort – Top 15 Hotels & Resorts in Caribbean 2012, Top 12 Resorts in Atlantic Ocean 2012
The Regent Palms – Top 12 Resorts in Atlantic Ocean 2012, Top 25 Spas in Caribbean & Atlantic 2012
Gansevoort Turks & Caicos – Top 30 Hotels in Caribbean & Atlantic 2012
The Sands on Grace Bay – Top 30 Hotels in Caribbean & Atlantic 2012
Congratulations to all the hotels and resorts for your continued efforts in serving and pampering your guests who clearly enjoy travelling to our beautiful islands and resorts.
Click on this link for further information on the Condé Nast Traveler Readers’ Choice Awards.
Turks & Caicos Sotheby’s International Realty Announces Top Network Sale
FOR IMMEDIATE RELEASE
Turks & Caicos Sotheby’s International Realty Announces Top Network Sale
Providenciales, Turks & Caicos (Apr 25, 2012) – Turks & Caicos Sotheby’s International Realty today announced it was recognized by the Sotheby’s International Realty® brand for having one of the top sales in its network for the month of January 2012.
The firm earned the recognition for the sale of The Estate Penthouse in Providenciales, Turks & Caicos for $7,100,000, and was included in the brand’s monthly Significant Sales brochure featuring several of the top sales in its network.
On the sixth level this one-of-a-kind single floor Penthouse, measuring over 6,800 sq ft and boasting 125 feet of ocean frontage provides exclusivity and privacy at the highest level. Stunning ocean views, impeccable details, bespoke designer furnishings and grand entertaining spaces with the feel of intimate living. The incredible view is the pièce de résistance in this height of luxury. This Penthouse includes 4 oceanfront bedrooms, 4 1/2 bathrooms, ocean front office and media room. Through its affiliation with Grace Bay Club, The Estate enjoys 1,050 of ocean frontage and use of all the amenities offered at Grace Bay Club Resort. The Estate owners enjoy a private oceanfront pool featuring multiple levels, Jacuzzi tub, and a 25 meter lap pool. The Poolside Cabanas allow for private in-cabana Spa treatments or private dining.
Listing Agent: Joe Zahm Selling Agent: Nina Siegenthaler
“Significant Sales provide a halo effect over the entire real estate industry. Purchasers, vendors, brokers and agents, and a broader base in the tourism, development and financial sectors gain confidence in markets where significant properties sell, and are publicized. This adds energy and value to the marketplace, and provides momentum for growth. So when people ask what the biggest difference is between this year and the past two, I tell them it is the re-emergence of the luxury market, for all the aforementioned reasons.” Joe Zahm, President of Turks & Caicos Sotheby’s International Realty.
Turks & Caicos Sotheby’s International Realty is the leading luxury brokerage in the Turks & Caicos Islands and enjoys a commensurate market share position. TCSIR is the acknowledged leader in the luxury condominium industry and luxury real estate market, and has been a major force in the concept, design, launch and completion of many prestigious resorts on Grace Bay. Our international team of local experts, combined with the iconic brand of Sotheby’s International Realty and its vast international marketing and referral network provides a unique and powerful advantage to buyers, sellers and investors in Turks & Caicos Real Estate.
Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales
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CONTACT
NAME: Denise Douglas
TITLE: Office & Marketing Manager
PHONE: 649.946.4474
E-MAIL: denise@tcsothebysrealty.com
Grace Bay Club Wins “Best Beach Getaway” Award
The Turks and Caicos’ own, Grace Bay Club was awarded the #1 spot in the Top 10 Beach Getaways in the March/April 2011 issue of Virtuoso Life.
While the boutique resort has been honoured many times before, this award is especially important because it is selected by the top travel advisors in the countries largest market, the U.S. The famed hotel is the only property in Turks and Caicos to be included on the prestigious list.
“These things don’t happen overnight,” says Nikheel Advani, Chief Operating Officer and Principal of Grace Bay Resorts. “Receiving such an honor is the culmination of hundreds and hundreds of handmade experiences that our staff continues to create for our guests. This truly puts Grace Bay Club in the same league as the big players such as the Four Seasons and Ritz-Carlton, which gives us great pride being an independently-owned, boutique resort.”
Perched on 11 acres of immaculate beachfront, Grace Bay Club was the first luxury hotel built in Turks and Caicos and has since set the bar for luxury resorts in the region. Founded in 1993, the storied all-suite boutique resort was purchased in 2001 and reintroduced into the luxury market after a $250 million renovation and expansion.
“Its all in the details,” Advani says is the secret to success at the Grace Bay Club. He notes thanks to the devoted staff and vision of developer and owner Mark Durliat each and every detail has made the Grace Bay Club the very special place it is today. “Mark has designed the resort to ensure every facility we have in the resort from the rooms to the swimming pools, the restaurants and the bars are on the most beautiful beach in the world,” he added.
A member of Leading Hotels of the World, Grace Bay Club offers guests a uniquely hands-on travel experience with a focus on luxury and service. A quiet haven for uninterrupted relaxation, the 82-suite resort is divided into two separate sections for discerning travelers of all tastes including: the adults-only Hotel at Grace Bay Club area with private restaurant, bars and swimming pool in addition to the family-friendly Villas at Grace Bay Club with their own restaurant, bar and pool. In February 2009, the resort welcomed The Estate at Grace Bay Club, a collection of 22 lavish residence style accommodations complete with a private infinity pool, poolside cabanas, personal concierge service and gourmet restaurant Krave.
“We are very fortunate to have good people, a great beach and island, and a country that really believes in tourism,” Advani said.
In February 2011, both jetBlue and Continental Airlines announced direct flight routes to Providenciales from New York City, Boston and Newark, again confirming the growing popularity of the destination.
Other top marks awarded to the property in recent years include Conde Nast Traveler’s Reader’s Choice ‘Best in the World’ Award in 2010, and Travel + Leisure’s ‘500 World’s Best Hotels’ Award in 2010 and 2011.
Excerpt from Virtuoso Life March 2011
10 Sublime Beach Resorts
By Larry Olmsted
The country’s top travel advisors share where they’re sending their clients for the best beach getaways.
Take a tip from those who know, pack your swimsuit, and head for one of these sandy sanctuaries.
No other feature is more symbolic of escape, and none affects the quality of your warm-weather vacation as much as a beach, so if you’re seeking a sojourn in the sun, look for one of the world’s best stretches of sand – with a high-end resort to match. We asked Virtuoso travel advisors to recommend some of their favorites. Here are a few standouts to consider next time you get a hankering for sand between your toes, tropical drinks under thatched umbrellas, and the sound of lapping surf.
1. GRACE BAY CLUB, TURKS AND CAICOS
CARIBBEAN COOL Sailors love the Turks and Caicos, an archipelago of 40 mostly uninhabited islands, for their calm, shallow, and impossibly vibrant turquoise waters, which caress miles of unspoiled beaches, including the one at the 81-suite Grace Bay Club. The resort caters to families with The Villas, to couples with the adults-only main hotel, and to those seeking the utmost in white-glove service with its 22 new house-size residences at The Estate. Grace Bay is convenient to Providenciales’ downtown tourist haven, but with its half-dozen bars and restaurants, including Anacaona (the island’s best), the Anani Spa, and the extensive Kids Town, there’s no need to leave. Doubles from $720, including breakfast daily and Champagne and fruit on arrival.
ADVISOR TIP: “Grace Bay has one of the most beautiful beaches in the Caribbean. The newly opened residences offer top-of-the-line luxury. And a martini at the Infiniti Bar is a must.”
Others who made the list
2. Four Seasons Resort LĀna’i AT Manele Bay, Hawaii
3. Cap Juluca, Anguilla
4. Jade Mountain, Saint Lucia
5. Rosewood Mayakobá, Mexico
6. St. Regis BahÍa Beach Resort, Puerto Rico
7. Montage Laguna Beach, California
8. Watercolor Inn & Resort, Florida
9. Le Taha’a Island Resort & Spa, French Polynesia
10. The Ritz-Carlton, Grand Cayman
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Tuesday, 29 March 2011 10:48
Written by staff of fp Turks & Caicos
Turks & Caicos Real Estate | Caribbean 