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.

Virtual Event

Hotel Optimization Part 3 | Available On Demand

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event, now available on demand, for expert panels focused on getting you back to profitability.