News
Ritz Carlton developers are new owners of controversial Dellis Cay in “record breaking” sale by Engel and Völkers Turks and Caicos
By Deandrea Hamilton & Dana Malcolm
Editorial Staff
#TurksandCaicos, July 5, 2022 – Desarrollos Hotelco, owners and developers of the Ritz Carlton Turks and Caicos are the new owners of the entirety of Dellis Cay. All 560 acres of prime real estate was sold in a deal brokered by Engel and Völkers between Desarrollos and The Trinidad and Tobago Unit Trust Cooperation. Philip Misick, veteran realtor and brother of former Premier Micheal Misick, represented the sellers of the property.
While the sale price was not announced, a single unfinished home on the island had been previously listed for a whopping $3.7 million US dollars. Engel and Völkers describes the sale as “record breaking.”
But a promise from businessman Dr. Cem Kinay still lurks in the background. As the visionaire and former developer for Dellis Cay, Kinay has unapologetically emphasized his plans to sue to keep the land he claims is his own.
Dellis Cay was sold to Kinay, a Turkish hotelier in 2005 by a private owner for $18 million and he started a luxury project with Mandarin Oriental Hotel Group. The first phase should have been completed in 2009 but that would not happen; it was unequivocally interrupted by the scandalous Commission of Inquiry (of the same year) into the
alleged nefarious government affairs of the previous Mike Misick administration. Sadly, Dr. Kinay had a starring role in the details exposed in the inquiry.
His vision for Dellis Cay struck such sensational chords, it attracted the likes of mega stars like Catherine Zeta Jones and husband Micheal Douglas who were named as left with incomplete homes on the cay, which sits just minutes away from Providenciales by boat.
All this because, Kinay found himself a casualty of the Micheal Misick administration’s corruption investigations. Named in the Commission of Inquiry, for gifting among other things half a million dollars to the governing party, Dr. Kinay found his land stripped from him and returned to the sale rack.
In a very recent letter to the TCI SUN posted just this past January he said the donation was “totally legal” and he has simply been “victimized by politics.”
Kinay had also forked out $3.2 million for Joe Grant Cay. That too was repossessed and sold in 2013.
A 350 acre section of Dellis Cay went up for auction in June 2019 and but no one bought the property. Now Desarrollos is promising to revive the island, completing the homes Kinay left behind and adding many more amenities.
Actual homes built by Kinay are also listed on real estate sites for sale, all of them only partially constructed. The property is currently listed for development by Carib Developments.
Kinay is still attached to the property and says the sale is unlawful calling on the government to put a stop to it.
In that letter to The SUN, Kinay says he will fight the Government and trust in court “at any cost”. He says he will not leave the island “which I have paid my hard-earned funds to acquire from its private owner in 2005.”
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.
-
Caribbean News1 week agoBelize, Jamaica and St. Vincent and the Grenadines eliminate mother-to-child transmission of HIV and Syphilis
-
TCI News6 days agoEquity in Energy says Bahamas Energy & Transport Minister in legislative roll out
-
TCI News6 days agoFamily of 16 tourist claims negligence in Grand Turk jet ski death; Coroner’s Court hearing evidence
-
TCI News5 days agoAMERICAN MOTHER AND DAUGHTER ALLEGEDLY ARRESTED FOR TWO BULLETS
-
Caribbean News1 week agoMagnetic Media attends Caribbean Media Summit, in focus AI in Journalism
-
world news1 week agoElectricity Access for 600 Million a goal of UN Sustainability Week
-
Bahamas News6 days agoThe Bahamas Successfully Hosts Its Fourth World Athletics Relays
-
TCI News6 days agoPolice Swarm Five Cays, newest murder victim is 37 year-old man