News

Turks and Caicos Signs $220 Million Condo-Hotel Development Deal

By: Caribbean Journal Staff - April 6, 2015

Above: the signing ceremony (Photo: TCIG)

By the Caribbean Journal staff

Following the Turks and Caicos Islands’ high-profile announcement of a new $224 million Ritz-Carlton hotel project, the territory has signed a deal for a similarly large $220 million hotel project with Cooper Jack Development Limited.

The deal is to build a $220 million mixed-use, 281-bedroom resort including a 100-bedroom five-star hotel, 76 condominiu units and three luxury villas, according to a government statement.

“This new luxury hotel development is indeed indicative of the confidence investors have in the TCI economy and we welcome yet another group that is keen to invest in the TCI,” said Turks and Caicos Islands Premier Dr Rufus Ewing. “Additionally, a new hotel development in the Cooper Jack area now brings about a new frontier of luxury resorts in yet another location away from the Grace Bay area, which means further diversity not only in the sector itself but also in real estate market.”

The total project site area is located on 20.92 acres in the Cooper Jack area of the island of Providenciales.

“This new development speaks directly to the investment climate in the country and also its attractiveness to high end developments,” said Finance Minister Washington Misick. “This is an exciting time in the TCI and we welcome this new development.”

The government said construction was slated to begin in the third quarter of 2015 and last for approximately two years.

Popular Posts belize hotel mayan world

At the Falling Leaves Lodge in Belize, a Portal to the Maya World

SAN IGNACIO — There has been some form of settlement on this site for more than 3,000 years, here on a leafy hill above the town of San Ignacio, Belize. In other words, this is no ordinary hill. This is Cahal Pech, […]


In San Ignacio, Belize, The Art of Adventure (And Pupusas)

pupusas belize

The sizzle is calling you. In the early morning, corn tortillas stuffed with cheese and beans and meat sing a particularly strong siren song.  It could be that perfect blend of dough and heat, or the aroma. It might just […]


Delta Is Adding More Nonstop Curacao Flights, Citing “Booming Demand”  

the beach at the avila hotel in curacao

Curacao is hotter than ever, with a wave of new hotels and record-breaking tourism numbers. And just a few months after Delta made its long-awaited return to the island, the carrier is adding even more flights.  The reason? What Delta […]


Related Posts the beach on Shoal Bay with palm trees

Why Zemi Beach House Is the Best Resort in Anguilla Right Now 

It feels like Damian is reading our minds. Whatever we need, whether a fruit skewer or a perfectly-timed rum punch, just seems to appear out of thin air.  The wonderfully attentive Damian is part of the team at Zemi Beach […]


The Newest Adults-Only Resort in Curacao Comes With Its Own Village

kura botanica pool with chairs and roofs

If it takes a village to make a great vacation, you’ve come to the right place in Curacao’s Kura Botanica Hotel. A boutique property with 46 recently refreshed rooms, the “new” Kura Botanica was carved out of the former Hotel […]


Southwest Airlines Relaunching More Flights to Cancun, Montego Bay 

the blue pool at the s hotel with red umbrellas next to palm trees

Southwest Airlines is planning a big fall push in the Caribbean, with the relaunch of five nonstop routes to popular destinations in the wider Caribbean, Caribbean Journal has learned.  That will kick off this fall, when Southwest relaunches seasonal weekend […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You