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 all-inclusive montego bay resort by marriott

Marriott Just Opened Its New All-Inclusive Resort in Montego Bay 

Marriott has continued its rapid expansion into the Caribbean all-inclusive space with the debut of its newest adults-only resort in Montego Bay: the new Hideaway at Royalton Blue Waters, An Autograph Collection All-Inclusive Resort.  The 352-room resort is part of […]

Yes, You Can Stay at an All-Inclusive Resort in St Thomas, USVI

the beach at the bolongo bay resort

The Bolongo Bay Beach Resort on St. Thomas may be the most popular all-inclusive resort you’ve never heard of. It’s not that the resort itself isn’t well-known: this family-run and managed, beach resort has been in business since 1974. But […]

The 15 Best Spa Resorts in the Caribbean

como parrot cay

Resort spas have become almost as common as fitness centers on amenity lists, but while it’s simple enough to carve out some space for a few treatment rooms, there are some spas that offer a true “experience” to go along […]

Related Posts people floating on seven mile beach

The Grand Cayman Marriott Is Getting New-Look Rooms (And Some With Bunk Beds)

One of the Cayman Islands’ signature places to stay is getting an upgrade: the Grand Cayman Marriott Resort.  The Seven Mile Beach property has begun what it’s calling an “extensive renovation of rooms and suites,” according to a statement from […]

Tiger Woods Is Making His Golf Return in Nassau 

the albany golf course with bunker

Tiger Woods is set to make his return to professional golf at his HERO World Challenge tournament in Nassau.  Woods has not played since the 2023 Masters, from which he withdrew in the third round and then underwent fusion surgery […]

From Antigua, a New Anthem for the Perfect Caribbean Vacation

caribbean vacation reggae with causion

Romance, adventure, culture, beaches, hotels. They’re all the perfect notes to the ultimate Caribbean vacation. Now, in time for the opening of the Caribbean’s most anticipated new adults-only resort, The Verandah Antigua, a top Caribbean reggae star has turned these […]


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