News

New $100 Million Hotel Project Coming to Turks and Caicos Islands

By: Caribbean Journal Staff - July 10, 2014 - 10:41 am

Above: a rendering of the Third Turtle Resort and Marina

By the Caribbean Journal staff

A $100 million hotel project is coming to the Turks and Caicos Islands.

The development agreement for the “Third Turtle Resort and Marina,” which would be located in Turtle Cove in Providenciales, was signed at a Cabinet meeting on Wednesday.

The developers of the project are Circle Holdings, who are creating what they’re calling an “ultra-luxury” boutique experience.

The hotel would sit on 775 feet of beachfront and include a marina with 1,300 feet of frontage. The project would include 140 suites, including seven penthouse suites and rooftop pools and gardens.

The property would also include a casino, a 7,000-square-foot sport and event facility, a branded spa and a cigar and rum lounge.

A statement from the office of Governor Peter Beckingham said the project was expected to create between 300 and 400 jobs and bring in around $9 million a year in tax revenues to the government.

“This is a tremendous investment boost to the TCI economy coming just one week after Standard & Poor’s gave this nation a BBB+ credit rating,” Beckingham said. “It shows that the TCI is open for business, provides the stability and confidence that investors require. This announcement certainly bolsters the Islands’ position as one of the most vibrant economies in the region.”

The project has received outline development permission, subject to final planning approval.

“Following hard on the heels of the Shore Club development, this second major project is providing multi-million dollar investment in the TCI and provides real opportunities our people and businesses,” Premier Dr Rufus Ewing said.

It is slated to start construction next year and open in the 2016/2017 tourist season.

“The travel industry feedback to our plans has been fantastic,” said Vasco N F Borges, owner & CEO of Circle Holdings.

Popular Posts antigua long bay

25 Perfect Caribbean Beaches to Add to Your Summer Bucket List

There’s nothing like a Caribbean beach in summer. The crowds thin out, the winds relax, and the islands start breathing in a different way. The beaches you thought you knew feel new again— stretches of sand once packed with winter […]


The 15 Best Hotels in Trinidad and Tobago, From Hidden Eco-Retreats to Luxury Towers

trinidad and tobago hotels where to stay

From Port of Spain to Tobago’s quiet coasts, these are the places to check in now No two Caribbean islands are quite like Trinidad and Tobago—and no two hotels here feel the same. This is a destination of contrast: Carnival […]


Royal Caribbean’s New Cruise Ship Has a Rooftop Bar, a Waterpark and the Largest Pool at Sea

star of the seas

You step into a glass dome floating high above the ocean. To your right, divers plunge from platforms. Above, aerialists twist through light. Somewhere behind you, a DJ is spinning beside a suspended infinity pool. This isn’t a dream — […]


Related Posts martinique french caribbean hostpot

A Legendary Caribbean Chef Just Opened a New Eatery in Martinique (With a Rum Bar, Too) 

Maybe you’ve tried the foie gras-banana. Or the swordfish. Or just tried one of the best ti’ punches anywhere. If you’ve been to one of Guy Ferdinand’s establishments, you know.  And now there’s another one: Ferdinand has done it again: […]


These 5 Caribbean Cities Are Perfect for a Quick Weekend Getaway

old san juan puerto rico caribbean cities

The Caribbean is about more than just its stunning natural beauty — it’s about culture, character, and city streets that feel like they’ve lived a hundred lives. Some of the most memorable escapes happen not on a remote cay, but […]


The Dreamiest Rainforest Resorts in the Caribbean, From Dominica to Belize

rainforest resorts

The Caribbean is often imagined as a string of sun-drenched beaches — white sand, turquoise water, and endless horizon. And while that version of the Caribbean is very real, it’s only part of the story. Move beyond the shoreline, and […]