The British Overseas Territory of Turks and Caicos is to get a major new hotel and casino resort after the government gave the go-ahead for a $224 million Ritz Carlton resort in the Grace Bay area on the island of Providenciales.
According to a Caribbean Journal report Desarrollos Hotel Group will construct the hotel which also will include 124 hotel rooms, penthouses, resort residences, a spa and other facilities.
Desarrollos have developed several hotel resorts in the Caribbean including the Ritz-Carlton Aruba.
The firm also owns three other Marriott hotels in the region.
"This European style hotel development provides a welcome diversification to the TCI tourism sector as it is more of a traditional hotel, rather than the previously prevalent condominium model in the TCI," said Turks and Caicos Premier Dr Rufus Ewing.
"At the same time, it further develops the luxury tourism offering in this destination with the addition of such an important luxury brand in Ritz Carlton," he added.
Construction would begin in November this year and could take three years to complete.
