Turks and Caicos enters agreement to build $224M resort

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.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

Even Hotels, Hampton by Hilton, SureStay Hotels by Best Western and Fairfield by Marriott saw new locations open in the Peach State.

British hotels to adopt ‘points-based’ system for continental holidaymakers, according to Robin Sheppard

Edyn has acquired a site forming part of the University of Cambridge’s development of Eddington, which will become the latest location for its boutiqu