The government of the Turks and Caicos Islands announced an agreement with a hotel developer to build a $224 million resort project on the island.
The Desarrollos Hotel Group will build a 124-room hotel, resort, casino and spa in the Grace Bay area of Providenciales, and the Ritz Carlton Hotels Company will manage the property. Construction is scheduled to start in November and take three years.
Desarrollos Hotel Group previously announced plans to develop a 380-room JW Marriott Hotel and Casino in Providenciales. It is scheduled to open next year.