News
Palm Cay Marina Projects Smooth Sailing, Best Season
Nassau, 27 Nov 2014 – The manager of New Providence’s newest full-service marina said today he is expecting a “solid season” that could see as much at 50% improvement in boat slip rentals and an even greater increase in fuel and other service-related sales.
Demaro Demeritte, dockmaster at Palm Cay Marina, offered the positive projection after the third hurricane-free year.
“In one week, the official hurricane season will close and at this point there is nothing on the horizon that gives us cause to worry,” said Demeritte, who took the helm of the 194-slip marina in 2014, less than two years after it opened and months after it was equipped with full fuel service, sophisticated electrical hook-ups and wi-fi, placing it in a position to compete with marinas that cater to luxury vessels.
“Yachtsmen look at weather even more than the rest of us do, so when you have one season, then two, without a hurricane, it builds confidence. That is part of the reason I think we are already seeing a good jump in reservations of visiting boats.”
But reasons besides being storm-free are also influencing boaters, said Demeritte.
“Two years ago, Palm Cay Marina was just getting started,” he said. “It was new and relatively unknown. But thanks to the original management and to the developers of Palm Cay who really believed in the marina’s potential, it has become one of the boating hot spots for The Bahamas. BASRA (Bahamas Air Sea Rescue Association) has named us an outpost – the only one in this area. It’s the closest marina to Exuma so we are seeing both locals and visitors who know they are cutting six to seven miles off a 35-mile trip between mid-Nassau and Highborne Cay, even more if they were at a dock or marina west of town. And Palm Cay Marina is the site of a lot of family boating activity, particularly with local boaters who can zip out to the south side for a day of fishing and return long before dark.”
The multi-million dollar marina is one of the main features drawing buyers to Palm Cay, according to Sales & Marketing Director for the nearly 70-acre community on New Providence’s southeastern shoreline Zack Bonczek.
“We’re a waterfront community with a natural inlet. There had been a boat repair facility here for decades when investors bought the property,” said Bonczek. “At that time, there was talk that the development could have been built around the existing marina, but when they examined it further, they made the decision to remove all the old docks, rebuild the seawall to make sure it would last for years to come and re-do all the docks, put in 3-phase electricity, provide for wi-fi, install a sea gate for security, everything that makes a marina a good, safe, secure and comfortable place to keep your boat. Yes, it cost a lot of money but these people were not building for the short term. They were looking at a community that would be especially appealing to boaters and to those who love the water for generations to come.”
Palm Cay Marina can handle vessels up to 110 feet with a draft of up to eight feet.
According to both Bonczek and Demeritte, the opening of Billfish Grill restaurant and members’ club last year also added to the appeal.
“Where else in Nassau can you dock a boat, use the swimming pool, take a swim in the Atlantic Ocean, go back, shower and enjoy a 4-star meal or a pizza prepared in a brick pizza oven? The options and choices with Palm Cay are amazing,” says Bonczek. “I don’t think there is another place like it anywhere on this island. Palm Cay has it all.”
Whatever that “all” is, the formula appears to be working. Some 80% of the single family lots have been sold, more than 90% of the first two phases of condominium offerings are sold with the third phase announced ahead of schedule because of demand, construction is on target and townhouse rentals and sales are improving. There is a waiting list for two more phases – the next stage of the 5-phase condos called The Anchorage and a section of cottages to be named Mariner’s Cove featuring architecture reminiscent of Hope Town, Abaco or Harbour Island. The development is slated to be completed and turned over to homeowners in 2017.
Providenciales, Turks and Caicos Islands – May 14th, 2024 – The Turks and Caicos Islands Government and Molo Hotel Group reached a pivotal juncture on Monday, May 13th, 2024, with the ceremonial signing of a development agreement at the Premier’s Office on Providenciales. The agreement, which received official Cabinet approval on March 13th, 2024, signifies a steadfast commitment to advancing the economic landscape of the Turks and Caicos Islands.
Molo Hotel Group is a family-owned business, renowned for its distinguished portfolio of high-quality hotels worldwide. The
development initiative encompasses the construction of three distinct IHG branded hotels: InterContinental Turks and Caicos, Kimpton Turks and Caicos and Hotel Indigo Turks and Caicos. Scheduled for completion by 2027, each resort boasts a distinctive design from luxury to laidback sophistication spanning across the shores of Grace Bay Beach.
Kimpton Turks and Caicos – an epitome of luxury lifestyle living, will feature 192 guest rooms including three outdoor pools, a luxury spa and a fitness center. Additionally, seven dining options ranging from a beachfront restaurant to a rooftop bar.
Adjacent to the Kimpton, InterContinental Turks and Caicos will offer 59 classic luxury suites with panoramic ocean views. Mirroring its counterpart, this resort will offer an array of dining options and upscale facilities.
Steps away from the Intercontinental and Kimpton resorts, Hotel Indigo Turks and Caicos will embrace a sense of community and contemporary elegance, offering 56 bedrooms. The resort will feature an onsite restaurant, lobby bar, outdoor pool, and fitness room.
Beyond the realm of hospitality, this development agreement underscores the government’s commitment to fostering economic growth and enhancing employment opportunities in the Turks and Caicos Islands. Molo is partnering with the Turks and Caicos Islands Community College (TCICC) to actively promote hospitality as a career choice and support in developing training programs, career fairs, seminars, workshops, and events to raise awareness about hospitality careers. Molo has committed to provide employment and apprentice opportunities to TCICC students and provide mentoring and practical on property training to students.
The signing event was graced by Hon. Charles Washington Missick, Premier of the Turks and Caicos Islands, Hon. Jamell Robinson, Deputy Premier, Hon. Kyle Knowles, Minister of Public Safety and Utilities, Hon. Rachel Taylor, Minister of Education, Youth, Sports and Culture, Łukasz and Marcin Slominski, Owners of Molo, Ross Morrow, Managing Director Molo, Arik Kono, Vice President Upscale Development for IHG, Dr. Candice Williams, President and CEO of the Turks and Caicos Islands Community College, Angela Musgrove, InvestTCI CEO, Dr. Barbara Ambrister, Chairperson of the Turks and Caicos Islands Community College, Dr. Delores Stapleton- Harris, Vice President of Academic, Vocational and Student Affairs for the Turks and Caicos Islands Community College, Mr. Kevin Baxter, Dean of Technical Vocational Education Training (TVET) and Sheryl McLaughlin, InvestTCI Investment Services Executive.
Commenting on the development agreement, Premier, Hon. Misick, stated “The Memorandum of Understanding (MOU) signing of
IHG/Molo Hotels is a significant step towards a sustainable future for hospitality in the Turks and Caicos Islands. Three hotels, Kimpton, Intercontinental, and Hotel Indigo, will be introduced, enhancing our tourism product and creating employment opportunities.”
He further added, “Partnerships with the Turks and Caicos Islands Community College and Turks and Caicos Islands Sports Commission are underway, demonstrating the Government’s commitment to developing human capital and elevating tourism offerings. This project will bring economic growth, embrace local talent, and enrich our economy.”
Additionally, Mrs. Angela Musgrove, CEO of Invest Turks and Caicos Islands, emphasized “This collaboration confirms our commitment to fostering economic growth and prosperity within our country. We have worked closely with Molo Hotel Group, and we are confident that this transformative project will further position the Turks and Caicos Islands as a premier destination for travel and investment. Much to our delight, it will also provide opportunities for engagement with our Community College and small business community.”
The Government of the Turks and Caicos Islands, operating through its primary Investment Promotion
Agency, Invest Turks and Caicos Islands, remains committed to attracting and facilitating Foreign Direct Investments to the country by providing a comprehensive suite of services. Through strategic initiatives and targeted promotion, the agency catalyzes sustainable development, driving innovation and small business opportunities across various sectors of the economy.
#TurksandCaicos, May 13, 2024 – Detectives of the Serious Crime Unit of the Royal Turks and Caicos Islands Police Force have
charged a man who allegedly stole a vehicle.
The accused, DANVANTE BRISCO, 30, of Kew Town, Providenciales, was charged with:
- One Count: Robbery
- One Count: Taking Motor Vehicle Without Authority
- One Count: Using Offensive Weapon to cause fear
Mr. BRISCO appeared in court today (May 13 ) and was granted bail of $7500.00 with one surety.
The matter was adjourned to July 05 for a Sufficiency Hearing.
#TurksandCaicos, May 13, 2024 – A 20-year-old Dock Yard male appeared in court today (May 13th) charged with a series of firearm-related offences.
The accused, JAMES SIMON, was denied bail and remanded into custody pending a Sufficiency Hearing scheduled for July 05th, 2024.
Mr. SIMON faces the following charges:
- One Count: Robbery;
- One Count: Gang Membership
- One Count: Possession of a Firearm for the Benefit of a Gang
- One Count: Possession of Ammunition for the Benefit of a Gang.
The charges against Mr. Simon followed investigations by officers of the Royal Turks and Caicos Islands Police Force into a robbery at the parking lot of a Casino where three males robbed a victim.
Additionally, Mr. Simon is charged with the following offences, having been arrested on May 02nd, 2024, along South Dock Road.
- One Count: Possession of a Firearm
- One Count: Possession of Ammunition
- One Count: Unlawful Entry
Officers also charged a teenage minor who was in the company of Mr. Simon on May 02nd with One Count of UNLAWFUL ENTRY.
The accused, seventeen and from Kew Town, Providenciales, pleaded guilty and will be sentenced on May 20th.
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