Developers Desarrollos Hotelco Turks and Caicos, Ltd, this week met with the Premier and Minster of Tourism, Culture and Heritage of the Turks and Caicos Islands, Dr. the Hon. Rufus W. Ewing and the Minister of Finance, Investment and Trade, Hon. C. Washington Misick, to discuss the investor’s commitment to contributing to the development of the Turks and Caicos Islands and a Government’s commitment to fast-tracking the development process, for the mutual benefit of all.
The US$202 million dollar, three-prong Hotel-Casino development that will span some 11 acres of the pristine coastline of the award-winning Grace Bay Beach in Providenciales, will deliver 263 new keys, consisting of a combination of guest rooms, condotel units and residences.
While the developers remain tight-lipped on the chosen brand for this five-star luxury property, the Government was however assured that this will be announced in short order. Whatever the chosen brand, the Government aims to have a Development Agreement in place by September of this year, to allow construction to commence in early spring of 2015, thereby creating some 300-400 jobs locally, before moving on to other equally-anticipated developments by the Desarrollos Hotelco Group for the Turks and Caicos Islands.
