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Internationally Renowned Hotelier Kempinski to Operate New Luxury Resort and Residences Directly on World Famous Turks and Caicos Grace Bay Beach

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International real estate developer JTRE partners with Europe’s oldest hospitality brand to offer owners and guests a one-of-a-kind luxury beachfront experience

 

From left to right: Bernold Schroeder, Chief Executive Officer and Chairman of the Management Board of Kempinski Hotels, Peter Korbacka, Chairman of the Board of Directors, Founder of JTRE Group, Christophe Piffaretti, Chief Development Officer, Member of the Management Board of Kempinski 

PROVIDENCIALES, Turks & Caicos Islands – November 20, 2023 – World-renowned international hotelier Kempinski Hotels has been named operator of a unique new luxury beachfront residences and resort, located on one of the last remaining pristine stretches of the award-winning Grace Bay Beach in Providenciales, Turks and Caicos Islands. The project is being developed by JTRE, a leading European real estate developer, and will be operated by Kempinski, Europe’s oldest hotelier – with more than 80 premium properties under management in 36 countries. The two companies signed an operating agreement and together will bring a new level of internationally renowned hospitality, contemporary design, and elegant service to the Turks & Caicos Islands portfolio of vacation and ownership offerings.

The partnership between one of the world’s oldest and most well-respected luxury hotel brands and a leading European real estate developer brings to the Turks and Caicos Islands a century of proven five-star hospitality delivered globally across the entire guest experience. Both Kempinski Hotels and JTRE’s global footprint in Europe, Asia, Africa, and the Middle East attract a loyal clientele that expands awareness for the entire destination beyond its traditional tourism markets, while also appealing to North American visitors.

Unobstructed views of pristine Grace Bay Beach await owners and guests at Kempinski Grace Bay

Kempinski Grace Bay

Discreetly set in a quiet, undeveloped 11-acre stretch of Grace Bay Beach, these luxury residences and resort feature 431 feet of white sand beachfront. The low-footprint design offers 4 beachfront villas and 72 condominium residences, creating a private sanctuary that blends into the natural landscape, creating a serene and secluded setting. Well-placed on the uncrowded eastern end of the world’s most beautiful beach, the property is just minutes from the Royal Turks and Caicos Golf Club, shops and restaurants, other attractions and conveniences, and a short drive to the destination’s international airport.

With spacious layouts and high-end finishes, Kempinski Grace Bay condos offer stunning views from private balconies.

Along with graceful contemporary architecture set discretely against the breathtaking natural surroundings, Kempinski Grace Bay will feature a premium offering of luxury amenities as well as new-to-the-island services for discerning guests and owners to enjoy. The design, the setting, and the operator distinguish Kempinski Grace Bay as offering elegant seaside luxury with premium hospitality.

“We are pleased to add this magnificent property in a world-class destination to our international portfolio of luxury hotels and vacation residences,” said Bernold Schroeder, Chief Executive Officer of Kempinski Group and Chairman of the Management Board of Kempinski AG. “Its location set directly on one of the most desirable beaches in the world offers our clients an unmatched experience to enjoy the beauty of this stunning seaside setting, embraced by the luxury and hospitality Kempinski is known for throughout the world.”

Welcome to Kempinski Grace Bay where island tranquility meets world renowned luxury on one of the last remaining pristine stretches of award-winning Grace Bay Beach.

Christophe Piffaretti, Chief Development Officer, Member of the Management Board of Kempinski, added: “We embarked on our journey with JTRE nearly two decades ago, and today, with pride, we oversee two of their exceptional hotels. It’s a delightful honor to once again be chosen by these visionary developers for their upcoming venture in Turks and Caicos.”

“Less is More” Luxury Experience 

Utmost attention to detail and environmental sustainability are hallmarks of the development, which respects the landscape of native plants, sand, and stone that borders the mesmerizing turquoise waters of the Princess Alexandra National Park. The property offers both the privacy afforded by one of the few remaining undeveloped beachfront stretches on the island and the convenience of its close proximity to Grace Bay’s attractions, services, and tourism amenities. In keeping with the Kempinski ethos of “less is more,” the property is purposely being developed as low density to ensure an exclusive and low-traffic experience.

The lobby bar and tropical oasis just steps from Grace Bay Beach

“The Kempinski brand sets a new standard for international service and luxury for Turks & Caicos visitors and investors. Its proven expertise in delivering exceptional and memorable experiences, combined with the casual elegance of this enticing architectural design and location, make this a treasured ‘best of both worlds’ destination for discerning travelers worldwide,” said Marek Baca, Chief Representative for the Americas for JTRE.

Multiple vacation and ownership options 

The three main condo-style residences on the property are stepped back from the beach to create a tropical oasis in the courtyard. They are configured as studio, one, two and three bedroom suites including four or five bedroom penthouse units. Four one-story luxuriously appointed villas, each featuring six spacious ocean-facing bedrooms, grace the front of the property.

Four private, six bedroom villas will be built on Grace Bay Beach providing the ultimate in luxury seaside living

Premium-level amenities will enhance the experience, starting with a grand arrival entrance area and lush lobby creating a garden oasis and spectacular bar with a view over the entire resort. The low-density property layout features ample space to dine, socialize, recreate, and relax. It offers three diverse dining venues including a beach club, two resort-style pools, an indoor luxury spa and fitness center, tennis and paddle courts, a kids club, as well as an indoor golf simulator, ideal for warming up for a round at the nearby championship-caliber Royal Turks and Caicos Golf Club.

This unique ownership opportunity is presented in two scenarios: beachside condominiums under a strata regime, and private villas offered as a land parcel with a construction contract. Pre-construction pricing and availability are to be announced in early 2024.

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DDME Conducts Hurricane Preparedness Presentation to Digicel Staff

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Providenciales, Turks and Caicos Islands— Thursday, 24 September 2026:  The Department of Disaster Management and Emergencies (DDME) was invited by Digicel to deliver a hurricane preparedness presentation to members of their staff.

The engaging 90-minute presentation formed part of DDME’s ongoing public education and awareness efforts aimed at strengthening preparedness across the Turks and Caicos Islands. During the session, Digicel employees were provided with important information on the potential impacts of hurricanes and other emergencies, as well as the actions that individuals and organisations can take to reduce risks and protect lives, property and essential operations.

The presentation emphasised that preparedness is a shared responsibility and should begin well before a storm or other emergency threatens the country. Staff were encouraged to understand the risks associated with hurricanes, remain informed through official sources and develop personal and workplace preparedness plans.

DDME recognises the important role that businesses play in national disaster preparedness and resilience. Corporate organisations are encouraged to establish and regularly review emergency plans that clearly outline responsibilities, communication procedures, evacuation arrangements, business continuity measures and recovery actions.

“Preparedness is most effective when it is planned and practised before an emergency occurs,” Jason Hills, DDME Director. “Organisations that invest in preparedness today are better positioned to protect their people, maintain essential services and support the wider community during times of crisis.”

Corporate organisations, schools and government departments interested in DDME’s assistance with hurricane preparedness training, emergency drills support or assistance with developing a business contingency plan are encouraged to contact the Department of Disaster Management and Emergencies via email at ddme.tci@gmail.com.

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Caribbean News

Royal Caribbean Group and Sandals Resorts Announce Landmark Partnership to Accelerate Their Leading Vacation Experiences

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Royal Caribbean Group Investment to Advance Sandals and Beaches’ Growth and Broaden the Group’s Vacation Portfolio

Montego Bay, Jamaica and Miami, September 24, 2026 – Royal Caribbean Group (NYSE: RCL) and Sandals Resorts today announced the signing of an agreement to form a partnership in the all-inclusive resort space with a 50% investment from Royal Caribbean Group.  Building on Sandals and Beaches Resorts’ more than four decades of leadership in Caribbean hospitality, the joint venture will create new opportunities for continued resort growth while broadening the experiences across Royal Caribbean Group’s vacation platform.

The partnership brings together two of the travel industry’s most celebrated vacation companies, pairing Sandals and Beaches’ all-inclusive resort expertise with Royal Caribbean Group’s vacation platform, including industry-leading brands – Royal Caribbean, Celebrity Cruises and Silversea – a portfolio of private destinations, new river cruising offering, and an industry-first loyalty program. United in a shared history in the Caribbean and connected by a love for their communities, the companies will offer travelers an unparalleled collection of cruise, private destination and resort experiences, serving guests across more vacation occasions and establishing their undisputed leadership in Caribbean vacations.

The joint venture expands Royal Caribbean Group into an adjacent vacation category, growing its participation in the approximately $2 trillion global vacation market, and meets the growing global demand for Sandals and Beaches Resorts by accelerating their expansion. The partnership will include Sandals and Beaches’ collection of premier all-inclusive properties across the Caribbean, and the companies will explore opportunities to broaden distribution, deepen guest engagement, and make it easier for travelers to discover vacation experiences offered across both portfolios.

“For nearly 60 years, we’ve reimagined what a vacation can be, constantly expanding the ways we inspire our guests to explore, connect and create lifelong memories,” said Jason Liberty, Chairman and CEO, Royal Caribbean Group. “We have been building a vacation platform that brings joy to millions of people around the world and creates meaningful relationships that last with our guests. Our partnership with Sandals and Beaches Resorts is an important next step on that journey – bringing together two iconic leading vacation companies to further strengthen and grow one of the most admired resort portfolios in the world. The Stewart family has created powerful and beloved brands, and we are honored to build on that legacy. Together, we see tremendous opportunity to expand the reach of Sandals and Beaches Resorts and continue turning the vacation of a lifetime into a lifetime of vacations.”

“My father, Gordon ‘Butch’ Stewart, founded Sandals Resorts with the belief that a company built in the Caribbean could stand on the world stage alongside the most respected names in hospitality. Today is proof of how far that vision can go,” said Adam Stewart, Executive Chairman of Sandals Resorts and Beaches Resorts. “This partnership is the natural next step in building on that conviction. It gives us the ability to grow faster with a partner that shares our values of exceptional hospitality, long-term investment, and the power of enduring brands. Together, we will introduce more guests to Sandals and Beaches Resorts while creating even more extraordinary experiences for those who have made our resorts part of their lives for decades.” Stewart added, “As we continue to grow, we will remain true to what has always defined us: delivering authentic vacations that exceed expectations while creating opportunities for our team members, travel advisor partners and the communities we call home. The future has never been brighter, and I know this moment would make my father incredibly proud.”

The joint venture will be governed by a board under the shared leadership of Stewart and Liberty. Stewart will maintain a leadership role in guiding the company’s long-term strategic growth as Executive Chairman of Sandals and Beaches Resorts. Existing reservations, loyalty programs, resort operations and cruise operations will continue as usual, with the partnership bringing additional resources to support future opportunities.

Under the terms of the agreement, Royal Caribbean Group will acquire a 50% equity interest in Sandals and Beaches Resorts for approximately $3 billion, representing a forward EBITDA multiple of approximately 10x.  Royal Caribbean Group has secured committed debt financing from Morgan Stanley to fund the investment.  The transaction is expected to close in early 2027, subject to customary approvals and closing conditions, and is expected to be accretive to earnings next year.

BofA Securities and PJT Partners acted as financial advisors, and Latham & Watkins and Jones Day acted as legal advisors to the Sandals Group. Perella Weinberg Partners and Morgan Stanley acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Royal Caribbean Group.

PHOTO CAPTION: Jason Liberty, Chairman and CEO of Royal Caribbean Group, and Adam Stewart, Executive Chairman of Sandals Resorts, mark the signing of an agreement to form a landmark partnership that expands Royal Caribbean Group into the all-inclusive resort space and supports the future growth of Sandals and Beaches Resorts. The signing took place at Royal Caribbean Group’s new headquarters in Miami, with the city’s skyline in the background.

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Caribbean News

Royal Caribbean Signs US$3-Billion Deal for Half of Sandals and Beaches

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The Caribbean tourism deal first reported as a possibility on Tuesday is now a signed agreement. Royal Caribbean Group plans to pay approximately US$3 billion for a 50% stake in Sandals and Beaches Resorts, putting the value of the business at about US$6 billion. The purchase is expected to close in early 2027, subject to approvals.

Founded in Jamaica by the late Gordon “Butch” Stewart in 1981, the resort business has a presence across nine Caribbean destinations, including Jamaica, The Bahamas and Turks and Caicos. Sandals has described its workforce as nearly 20,000 people, most of them Caribbean nationals.

“My father, Gordon ‘Butch’ Stewart, founded Sandals Resorts with the belief that a company built in the Caribbean could stand on the world stage alongside the most respected names in hospitality,” said Adam Stewart in the announcement carried by PR Newswire. He will remain executive chairman, while the Stewart family retains a stake. The companies say existing reservations and resort operations will continue as usual.

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