Tag Archives: Turks & Caicos News

GRACE BAY RESORTS ANNOUNCES THE RESIDENCES, THE FIRST LUXURY MICRO-RESORT IN THE TURKS AND CAICOS

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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

The Residences Grace Bay BeachfrontProvidenciales, 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

Seven Stars Resort, Turks and Caicos Voted Among Top 10 Hotels in the Caribbean

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FOR IMMEDIATE RELEASE

Seven Stars Resort, Turks and Caicos Voted Among Top 10 Hotels in the Caribbean by U.S. News and World Report and TripAdvisor

SevenStars Front GatewayPROVIDENCIALES, Turks & Caicos (January 31, 2013) – U.S. News and World Report announced today that Seven Stars Resort, located in Providenciales, Turks & Caicos, was named among the top 10 resorts in the Caribbean. This ranking comes on the heels of being named one of the top 10 resorts in the Caribbean by TripAdvisor in their 2013 Traveler’s Choice Awards earlier this month.

Seven Stars Resort was ranked 10th among all 273 Caribbean hotels that were analyzed by U.S. News & World Report for the 2013 rankings.  The magazine’s rankings are based on an unbiased methodology that combines the prominence of industry accolades with reputation among travel experts and guests expressed through online reviews and ratings. In addition to being ranked 10th in the Caribbean, Seven Stars Resort is also ranked second among the 31 hotels in Turks & Caicos.

Seven Stars Resort was also recently recognized among the top 10 in the Caribbean by TripAdvisor. With over 75 million user-generated reviews and opinions, TripAdvisor is the world’s largest travel site offering trusted advice from real travelers for those looking to plan the perfect trip.  The 2013 Traveler’s Choice Awards recognizes only the top 1% of all hotels and resorts on the site and also named Seven Stars Resort among the Top 10 Hotels in the Caribbean.

”Our goal at Seven Stars is to provide the best experience for our guests, so we are extremely proud to be recognized for our outstanding accommodations and amenities, attentive customer service, and dedicated staff,” said Ken Patterson, managing director at Seven Stars Resort. “These recognitions continue to serve as a firm validation that we are achieving our goals to be among the most sought-after destination resorts in the Caribbean.”

Guest reviews that represent some of the consistent feedback the resort has received and which have contributed to Seven Stars’ recent accolades are as follows:

“Everyone at the resort is incredibly friendly, warm, smiling, and the service was truly top-notch! They really do a fantastic job and you’ll be pleased. Everyone made an effort to know us by name, which was super nice. The personal service and touch wasn’t overdone – really it was perfect!”

  • “We just got back from our fourth visit to Seven Stars. It gets better with every trip there. We can’t say enough about the amazing staff, they really make you feel like you are part of the family. The suites are all beautiful, the food is outstanding at all restaurants, it just does not get any better than here.
  • “Quite possibly the best resort we have ever been to. The resort and the grounds are beautiful, but in all honesty, it is the staff that really makes this place great.”
  • “Words really can’t say enough about how incredible Seven Stars Resort and all their staff are. We highly recommend this resort for a great place to vacation, and a great place to get married at. We are already planning our next trip back!”

To experience why Seven Stars has guests coming back again and again, consider the resort’s current booking specials. Book now through March 31 for travel through July 31 and enjoy every third night free in an Ocean View suite, plus receive a $100 resort credit on stays of five nights or more to use either at the Spa or in any Seven Stars restaurant.  For reservations or more information on Seven Stars Resort, visit www.SevenStarsGraceBay.com or call 866-570-7777.

To stay up-to-date on the latest news and travel deals from Seven Stars Resort, travelers and guests are invited to become a fan of the resort’s Facebook page by visiting www.facebook.com/SevenStarsResort.

ABOUT SEVEN STARS RESORT, GRACE BAY

Framed by white sand beaches and the marine preserve of PrincessAlexandraNational Park, Seven Stars Resort embraces the natural environment and beauty of the Turks and Caicos Islands.

Named for the seven stars of the storied Pleiades constellation, Seven Stars is an all-suite resort that sits on 22 acres of manicured grounds at the center of GraceBayBeach – rated one of the best beaches in the world. The resort’s luxuriously appointed junior, one-, two-, three-, and four-bedroom suites, are among the Island’s most spacious with private balconies and dramatic views. Offering luxurious comforts, accommodations feature stylish furnishings and gourmet kitchens complete with wine refrigerators and Nespresso machines.

In addition to a best-in-the-world beach experience, Seven Stars Resort features a magnificent salt water pool that serves as its centerpiece. Seven Stars also offers unique and diverse dining experiences. At Seven restaurant, guests will enjoy a fresh and varied menu of breakfast offerings in the morning, and for dinner, an exotic, authentic and Caribbean-inspired menu with artfully prepared dishes. The poolside Sand Dollar, offers a casual, outdoor menu with sandwiches, salads and more for lunch. Beachside, The Deck, provides an alfresco experience for lunch, as well as cocktails and tapas during the evening.

The Spa at Seven Stars Resort provides the utmost tranquility to relax and indulge by offering an extensive menu of services to soothe the mind, body and spirit. Furthermore, Seven Stars Resort offers a fitness center featuring Yoga, Pilates and Body Toning; complimentary water sports including Hobie Cats, kayaks, surfboards, snorkeling equipment and pool floats; tennis courts; and a children’s play area.

Seven Stars Resort was recently named “Best All-Suite Resort” in Turks and Caicos by the World Travel Awards in addition to being named to the 2013 Conde Nast Gold List.

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CONTACT: Lani Gerlak/Morgan Brosman  sevenstars@msilver-pr.com

Turks & Caicos Sotheby’s International Realty Merges with Tropical Paradise Realty

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Turks & Caicos (Jan. 9, 2013) – Turks & Caicos Sotheby’s International Realty isJoe Zahm & Richard Sankar pleased to announce that it has merged with Tropical Paradise Realty, and will continue to operate under the banner of Turks & Caicos Sotheby’s International Realty.

“We are thrilled to welcome our longtime friend and colleague, Richard Sankar, and his group to our growing company,” said President Joe Zahm. “Both firms share the same core values, and the merger is the next logical step in our growth since we successfully merged Connolly Zahm Properties in 2009 to create one united, powerful presence in the market. The sharing of all our resources will allow each agent to better serve their customer’s unique needs. Turks & Caicos Sotheby’s International Realty clients will benefit from our uniquely intimate local market knowledge and the Sotheby’s International Realty® network’s global reach among the world’s most prestigious clientele. This merger strengthens our market and industry leadership position in the Turks & Caicos market. We also look forward to announcing some exciting community initiatives in the near future.”

In addition to bringing in a strong group, Richard Sankar has been an elite producer for 20 years and recently completed an MS in Real Estate Development. “We have enjoyed a close relationship with Joe, his partner Nina Siegenthaler and their team for many years and we are so excited to be sharing our considerable talents under one roof,” said Sankar. “This relationship has been about ten years in the making and we are thrilled to get started!”

“Turks & Caicos Sotheby’s International Realty, under the leadership of Joe Zahm, has been a very important force in our worldwide network,” said Philip White, president and chief operating officer, Sotheby’s International Realty Affiliates LLC. “Their growth and expansion is a testament to their leadership in the market.”

About Turks & Caicos Sotheby’s International Realty

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. Led by President / Broker Joe Zahm, TCSIR now has 10 of the top 20 agents in the jurisdiction and is among the premiere brokerages in the Caribbean.

REVIVAL OF DEVELOPMENT OF A RESORT ON WEST CAICOS

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The Turks & Caicos Islands Government is delighted to announce theWestCaicos completion of the Development Agreement enabling the recommencement of the Molasses Reef development, a luxury hotel and condominium resort on West Caicos, which has been stalled since 2008. The Development Agreement was completed on the 6th of December while the remaining arrangement necessary for recommencing the project will be completed this week.
West Caicos measures 9 square miles and is currently uninhabited. Development of the island began in 2001, but with the credit crisis in 2008 and the collapse of main creditor to the project, the development came to a standstill in the same year. A group of European investors advised by Kew Capital reached agreement with the previous developers, Logwood Development Company, to buy most of their interest in the project, and with the administrator of the original creditor to buy its interest in the land and other assets including the partially built hotel and associated infrastructure. The project will re-mobilise as soon as practicable and after the new development team has carried out a detailed review of the existing infrastructure and buildings. Subject to this review, the developer looks to start work in 2013 with a view to opening the hotel as soon as possible.
The Development Agreement, initially signed by Governor HE Ric Todd on behalf of TCIG , was under negotiation between TCIG, the owners of the development and the new investors for nearly 12 months, and will bring significant benefits to the Government and people of the islands. The development is a multi-phased development, which will be a source of construction activity and employment on the island for many years to come. Other benefits include enhanced Government revenues through on-going duties, license and other fees, as well as a 25% share of proceeds from the sale of leasehold interests of land located in the southern part of West Caicos. Also the agreement reached with the new investors yielded the Government $7.6 million including stamp duty, through the completion of land sales that had previously been agreed but not completed.
The original project employed 500 people at its peak and expected to create hundreds of jobs on an on-going basis once the hotel was opened; the Government expects similar levels of employment under the new development. The additional phases of the development include luxury villa and condominium developments, which will create further construction work and hospitality industry employment. The investment group expects that hundreds of millions of dollars will be invested in the island over the lifetime of the project.
The new development team has ambitious plans for making an environmentally sustainable development on West Caicos and will work closely with the various government agencies including the Planning Department and Department of the Environment and Costal Resources among others. A key part of the Development Agreement designates much of the island as a Nature Conservancy, which the project team has undertaken to maintain, preserve and protect.
His Excellency Ric Todd, the Governor of the Turks & Caicos Islands, commented: “I am glad that the Government and the various parties involved in this transaction have reached a deal that will enable this project to re-start. The project will add to the range of tourism and hospitality offerings, which already makes these islands such a leading tourism destination. This luxury resort development will deliver considerable economic and employment benefits to TCI, and has been very carefully structured so as to preserve the unique environmental and marine heritage of West Caicos. The re-start of the development is a further vote of confidence in TCI and in the current investment policy of the TCIG.”
A spokesman for the investment adviser, Kew Capital said: “We are very pleased to have advised on this investment in TCI. We have worked hard along with the Government to bring it about, and we look forward to the project recommencing with the new development team. The investment reflects our conviction that TCI has a great tourism base and has enormous further tourism potential. We know this project comes with a great deal of responsibility; West Caicos is a beautiful island and we are determined to ensure that the new development is sensitive to its environment and to this end we will work closely with the various Government agencies as well as the newly elected Government.”

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December 14, 2012

Written by The Governor’s Office in the Turks and Caicos Islands

BUTCH STEWART BUYS THE VERANDA RESORT IN TURKS AND CAICOS ISLANDS

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After almost two years of negotiations, Jamaican hotel magnate Gordon “Butch” Stewart has finally bought The Veranda Resort & Residences, a five-star fully-inclusive property located on Grace Bay beach. The multi-million dollar sale to Sandals Resorts International by Faez Limited will become official on December 17th, 2012, officials told The SUN.Mark Durliat, Chief Executive Officer, Grace Bay Resorts, said: “While the sale of this magnificent property was not anticipated so early in its establishment, we feel proud to have been the operators who established it as among the top five-star fully-inclusives in the Caribbean.
Our team will work hand-in-hand with Sandals Resorts International to provide a wonderful experience for all during the transition, and we remain grateful and indebted to our staff, without whom the success of The Veranda and its rapid growth over the past three years would not have been possible.”

Grace Bay Resorts, the developer and owner of the world-renowned Grace Bay Club, has managed The Veranda for the past three years since its opening in 2010, and will cease direct management and supervision of all operations, effective with the close of the sale.

The Veranda will be transitioned to Sandals Resorts International as an expansion of the award-winning Beaches Turks & Caicos Resort Villages & Spa and will honor all previous bookings. Officials said Grace Bay Resorts will work closely with the Sandals Resorts International staff at The Veranda over the next several weeks to ensure a seamless and successful transition during the holiday season.

The Veranda, which is an $80million, five star fully-inclusive 123-room residence-style resort, is located right next to Beaches Resort and Spa, with only a beach access separating the two properties. Sitting on 11 acres and boasting 800 feet of beachfront, The Veranda is made up of one, two, three and four-bedroom cottages and 40 studios and has a total of 168 keys. It is built in the Key West/Caribbean style.

Earlier this year, The SUN broke the story that Stewart and Veranda owner Andre Serruys of Britain, held several meetings about the multi-million sale which would make Stewart the largest single owner of beachfront property in Providenciales and increase his majority percentage of hotel rooms in the Turks and Caicos Islands. The Veranda is an $80 million investment, but it was reportedly sold for around $100million.

With the integration of The Veranda into Beaches Resort, the Butch Stewart resort will have a total of 875 keys and over 1,100 bedrooms, mainly suites, making it the largest hotel on the Turks & Caicos Islands.

Beaches Turks& Caicos employs around 1, 400 people and with the acquisition of The Veranda, that figure would go up to about 1,800 employees. It has one of the best beaches in the Caribbean and the third-rated barrier reef for scuba diving in the world. The hotel also boasts the largest water park in the Caribbean and with 16 restaurants, it has more restaurants than any resort in the Caribbean.

When Stewart first established operations in the Turks & Caicos he took over a small hotel of just 150 rooms with limited facilities. At that time, American Airlines was offering one flight a day from Miami. In order to expand, Stewart chartered five airplanes from Continental Airlines to help create additional airlift. These aircraft serviced key sites namely Boston, New York, Newark, Philadelphia and Atlanta and had the effect of putting the Turks& Caicos on the map as a top Caribbean destination.

Earlier this month, Butch Stewart’s Sandals Resorts International bought a four-star hotel that recently closed in the eastern Caribbean nation of Grenada.

Stewart says he will invest $100 million to convert the former La Source property of 100 rooms into a 265-room complex. It will be renamed Sandals LaSource Grenada Resort & Spa and it is scheduled to open in early 2013 and become the 14th Sandals resort in the Caribbean.

The resort is located on Pink Gin Beach and is currently closed. It was heavily damaged by Hurricane Ivan in 2004 and didn’t reopen until February 2008.

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By Hayden Boyce, Editor-in-Chief, Turks & Caicos SUN Newspaper
• Mon, Dec 03, 2012

Turks & Caicos – Provo Golf Club Celebrating 20 Years

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Everyone Welcome at Provo Golf Club

Come Help Us Celebrate

Our 20th Anniversary!

Twenty years is always a significant milestone accomplishment in the history of a golf club and even more special for Provo Golf Club, as twenty years ago the island of Providenciales in the Turks and Caicos was brand new in its future direction as a high end Caribbean Resort Destination. Using that vision Provo Golf Club was developed to help the country cultivate its bourgeoning tourist industry.  Thus Provo Golf Club was conceived by the well established HAB Group who accomplished this project in the extremely attractive location of Grace Bay, Providenciales.  World renowned golf-course architect, Karl Litten was chosen and ground broke in May of 1991 leading to the first shot being struck only 18 months later on a picture perfect, “Provo Day”, Saturday November 7th, 1992. 

Today Provo Golf Club finds itself open to all resort golfers while maintaining a healthy club membership of over 150 avid, supportive, golfers all the while hosting many charity tournaments that to date have raised over $1,150,000 towards a variety of worthwhile local Charities. There is no question that while on vacation our guests experience the special vibe and character that only a destination golf club, with a strong golf community, can deliver. It is this unique blend of international guests and friendly members that creates the club’s atmosphere that keeps many golfers returning year after year.

Not only is this quality championship golf course (twice the host venue of The Caribbean Amateur Championships) open to all island guests, but tee times can be booked easily 30 days in advance via  phone, email, our new web site (www.provogolfclub.com) or even once you arrive and get settled on island.  So call today to reserve your time, and your choice of top grade, TaylorMade, club rentals which come in junior flex, ladies flex, senior flex, men’s regular and stiff flexes, in both right and left hands.

Known for its natural rugged layout this course is as demanding as you choose and is a great test for pros and amateurs alike.  The fairways are lined with native island bush which combine with inland lakes and over 1500 palm and colourful trees to compliment the beautifully maintained playing surfaces. The front nine has water features on five holes, and the back nine on six which actually come into play on 13 holes.  From the black tees the championship layout of 6,719 yards is certainly challenging but with four sets of tees the course is playable for golfers of all abilities.

Provo Golf and Country Club has invested heavily in upgrading its facilities all aimed at enhancing the golfer’s experience.  These include new warm up and practice ranges, the renovation of tees, bunkers, and cart-paths as well as the recent planting of 800 trees. Some of the newest course investments of late 2012 are displayed in a new Club Car Precedent golf cart fleet, as well as the front nine greens renovation that now showcases Tiff Eagle, championship quality, Bermuda, greens.  The back nine greens will be changed over to complete the transition in the late summer of 2013 to crown off the many course and club house improvements over the past five years.

Marble floors, oak and leather furniture and a colourful array of international golf flags adorn the ceiling to welcome visitors to the West Indian Clubhouse, along with the Fairways Bar & Grill that provides all your golfing nourishment needs in this golf friendly atmosphere.  What better than to finish your round at the sociable ‘19th Hole’!

Whether you are interested in shopping in our fully stocked Pro Shop, dining at Fairways Bar & Grill,  want a trade wind cooled diversion from Grace Bay beach, or just a beautiful ride through  the natural flora and fauna disguised as a championship round of golf we trust that you will feel welcomed, Island Style!

For twenty years now Provo Golf Club has been “a secret worth discovering”, we hope you join us this year to celebrate our 20th Anniversary!

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by Dave Douglas, CPGA, Director of Golf, Provo Golf Club

Turks and Caicos Islands – Setting Sails for Windvibes 2012

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Hardly a day goes by on Providenciales when you don’t see a colorful kite flying through the blue sky with a dare devil rider strapped to a board gracefully gliding across the waters.  Sunday, Nov. 18, should be no exception as the organizers of Windvibes, a yearly watersports tournament, are inviting young and old to come and join the fun. The event will be held at Long Bay Beach (at the Shore Club location).  The 6th annual Windvibes Tournament promises spectators and competitors a wide array of events that encompass many of the Turks and Caicos Islands’s sports such as kiteboarding, kayaking, stand up paddleboarding and swimming.  Less competitive events will also be held for non-kiteboarders that include log throwing, a flipper race and kite pumping competitions. Everyone is invited to enter these to these events at no cost and will be available on a first come first serve basis at the beach.  The day will kick off is at 10 a.m. with kiteboarding course races, where kiteboarders will race around buoys in groups of five. At noon, the kayaking and stand up paddleboarding races will commence, followed by the swimming races at 3 p.m.  All participants will be battling for custom Windvibes 2012 medal and various gift certificates.  Cold drinks and barbecue food will be available throughout the day. Spectators are welcome to try stand up paddleboarding or to participate in a game of beach volleyball.  Pre registration is recommended for kiteboarding, kayaking, stand up paddleboarding and swim races. Registration fee includes an event T-shirt and the chance to win custom medals and gift certificates.

Registration fees are:

  • Kite $15
  • SUP $15 (all proceeds go to the TCSPCA)
  • Kayak $15
  • Swim $15 (adults 200 metre)

Come to the beach, and feel the wind and the vibes!

For more information, contact 342-2941 or check out www.facebook.com/windvibes.

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Written by Turks & Caicos Free Press Staff

Turks and Caicos – Three Luxury Hotels Planned for Grace Bay

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Venezuelan hotel developer Desarrollos Hotelco Group has signed an agreement with the Turks and Caicos Islands government to build three luxury hotels on Grace Bay at a cost of $500 million, government announced Oct. 30.The first 400-room hotel is planned for the 10.5-acre site adjacent to the Seven Stars Resort on Providenciales. Desarrollos Hotelco also plans to build two more hotels with a total of 500 rooms on property west of the Sands that was formerly planned for a development called Mandalay, also on Providenciales.

None of the buildings will be taller than 96 feet, which is the height of the Seven Stars. The development is not related to the proposed 28-story proposal by Skyline Development Co.

The brands of the proposed hotels have not been disclosed, but the developer owns three hotels in Venezuela managed by Marriott, and it has developed a Ritz-Carlton resort on Aruba.

“We were attracted to TCI because it is a high-end tourism destination with great potential, friendly and welcoming people, and an excellent investment climate,” said Pedro Vera of Desarrollos Hotelco. “We look forward to investing in TCI and being a participant in bringing luxury resort brands to these islands.”

Desarrollos Hotelco first visited the TCI in March 2011 and has been working with the government’s Investment Unit, which set up meetings with the Planning Department and Airports Authority to help ensure the sustainable and supported growth of the island’s infrastructure needs and airlift capacity.

Consultancy firm KPMG TCI has been employed by the developer to complete a full social and economic impact study for the properties.
“This is the best possible vindication of the new TCI Inward Investment Policy, management structure and approach to attracting inward investment on the best terms for the taxpayers of the TCI,” said His Excellency the Gov. Ric Todd.

“This confirms that major international investors are impressed by the reforms that we have made over the past three years and, despite global economic difficulties, see the Turks and Caicos Islands as a great place in which to invest and to do business.”

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Written by Turks & Caicos Free Press Staff