TCI News
Beaches Resort makes bombshell reveal; lawsuit against TCI Gov’t still in court
#Providenciales, Turks and Caicos – September 13, 2020 — Beaches Turks and Caicos, on Friday September 11, made a bombshell reveal; that its lawsuit against the Turks and Caicos Islands Government – filed in January 2019 – remains unresolved.
“The Government of the Turks and Caicos Islands, as well as the other defendants, were legally due to file their defence in June 2019 – well over a year ago. They did not. We have patiently waited upon the Government to file its defence but to no avail.”
A Magnetic Media article, published on March 14, 2019 reported this:
An unprecedented interest rate of 213 percent, an audit which exonerated the family all-inclusive resort of fiscal misbehavior, a surprise bill of reported back taxes, breach of government’s own agreement and deviation from its own written assurances plus over-payment of taxes by Beaches are among the reasons, Sandals Resorts International says it is forced to move forward with the lawsuit against TCIG.
“It is indeed most unfortunate that we had to litigate against our host country, but given the injustice we had no alternative. Based on the number of communications that our organization has been receiving, it is clear that the investment and banking community together with the travel trade including the airlines are all paying close attention to see whether the Government will honor its commitments.”
Beaches T&C has not changed its stance and in the Friday media statement claims the resort was compelled to file to take the matter to court and could not withdraw the lawsuit due to a string of alleged injustices perpetrated against them.
The pending litigation had also threatened Beaches operations in Providenciales; still government is accused of inaction.
“Our numerous meetings, conference calls and letters have led to no positive action on the part of TCIG. We remain anxious to resolve the matter in a lawful and principled manner but we cannot do so in an environment where our correspondence go unanswered, our law suit un-defended and our good faith overtures to engage in steps toward resolution are not reciprocated and have led nowhere despite assurances,” informed the statement issued by Beaches Resort Turks and Caicos.
The charge against TCIG is becoming a common refrain. Magnetic Media continues to be on the receiving end of complaints about the lack of response from Government Ministers and Officials.
The reoccurring reports by members of the public fuelled an article on September 6, 2020 by Deandrea Hamilton, Magnetic Media owner, headlined: PDM Administration, the “NO REPLY” Government of the Turks and Caicos Islands.
Beaches Resort adds to the growing list of frustrated stakeholders and candidly expressed its disappointment about the lack of progress in the legal matter.
“No investor, and in particular Beaches, wants to be involved in court proceedings with a host Country. However, given the gravity of certain fundamental breaches of our Development Agreement(s), such as provisions relating to the payment of the Customs Processing Fee, Beaches had no choice but to protect our legal and constitutional rights by filing a lawsuit against the Government of the Turks and Caicos Islands, which is available to the public. This occurred in May 2019.”
The family all-inclusive, resort village has been operating in Turks and Caicos since 1995. While negotiations in 2019 did result in a Revenue Control Department amnesty that exempted Beaches and others from past due payments and penalties, Beaches Resort informed our news organisation that the gesture fell short.
“Since 1995 when we commenced operation in the TCI we have consistently and faithfully paid taxes in accordance with our Development Agreement(s) and the laws of the TCI. In 2017 TCIG unilaterally breached our Development Agreement(s) and other written governmental commitments which over the years formed the basis of our substantial investment in the TCI.
We have over-performed on all our obligations to TCIG and the Government have virtually “torn up” legally binding commitments given in writing as a basis for our investment. As a foreign investor, international law assures us of fair and equitable treatment by our host country, and one should expect no less from TCIG.”
Magnetic Media has reached out to the Minister of Finance, who is Premier Sharlene Robinson about the statement from Beaches.
Beaches Resort, in the media release, said they have no further comment.
The general public worries that this looming lawsuit could impact a planned reopening of Beaches Resort Turks and Caicos on October 14.
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.
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