Turks & Caicos is getting a big new luxury hotel. According to the Caribbean Journal, the government has signed a development agreement with Desarrollos Hotel Group to build a $224 million hotel, to be managed by Ritz-Carlton.
The project will be located in the Grace Bay area of Providenciales. The property will have 124 guestrooms, penthouses and residences.
“This European Plan style hotel development provides a welcome diversification to the TCI tourism sector as it is more of a traditional hotel, rather than the previously prevalent condominium model in the TCI,” Turks and Caicos Premier Dr Rufus Ewing told the Caribbean Journal. “At the same time, it further develops the luxury tourism offering in this destination with the addition of such an important luxury brand in Ritz Carlton.”
Construction is anticipated to begin in November and last approximately three years.