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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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Bahamas News

Bahamas Issues Cybersecurity Alert Over Akira Ransomware Threat

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Nassau, The Bahamas, October 22, 2026 — The National Computer Incident Response Team of The Bahamas (CIRT-BS) has issued a cybersecurity advisory warning businesses, government institutions and other organisations about the growing threat posed by Akira ransomware, a cybercriminal operation capable of stealing sensitive information, disrupting networks and demanding ransom payments.

Active since March 2023, Akira operates through a Ransomware-as-a-Service model, with affiliates exploiting weaknesses in computer networks to gain unauthorised access.

Once inside, attackers can steal confidential data, disable recovery systems and encrypt files, preventing organisations from accessing critical information.

Particularly concerning is Akira’s use of double extortion, threatening to publish stolen information unless victims pay. Some attacks involve data theft without encryption.

The October 22 advisory identifies vulnerabilities involving Cisco and SonicWall firewalls, VPN services, Microsoft Remote Desktop Protocol, Veeam backup systems and outdated Windows and Linux operating systems. VMware ESXi and Nutanix AHV environments are also potential targets.

Attackers may exploit unpatched software, stolen login credentials and inadequately secured remote-access applications, including AnyDesk and RustDesk.

Warning signs include unexpected administrator accounts, unusual remote logins, unauthorised software installations, suspicious backup activity, mass file changes and ransom notes.

CIRT-BS recommends immediate security updates, multifactor authentication, restricted remote access, stronger network monitoring and secure backups maintained separately from operational systems.

Organisations should also remove unnecessary internet exposure of remote desktop services, limit administrative privileges and regularly test backup restoration.

The advisory does not identify any confirmed Akira attack against a Bahamian organisation but highlights vulnerabilities that could expose institutions to serious financial and operational disruption.

Cybersecurity incidents can be reported to CIRT-BS at soc@cirt.bs or through its official website.

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News

Crown Land Unit Leads Multi-Agency Enforcement Exercise in Five Cays

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Providenciales, Turks and Caicos Islands – Wednesday, 21st October 2026: The Crown Land Unit, with coordination and support from the Informal Settlements Unit (ISU), conducted a multi-agency enforcement exercise in the Five Cays area of Providenciales on October 8, 2026, as part of the Government’s ongoing efforts to address the illegal occupation and unauthorized use of Crown land.

The exercise brought together representatives from the Crown Land Unit, ISU, TCI Border Force and Royal Turks and Caicos Islands Police Force. Inspections were conducted across several parcels of Crown land in Five Cays, where instances of illegal occupation and unauthorized use had been identified.

During the exercise, a total of seven (7) Section 22 Notices of Unauthorized Occupation were issued in accordance with the provisions of the Crown Land Ordinance. The notices related to the unauthorized placement of shipping containers and derelict vehicles, as well as the construction of an incomplete concrete structure on Crown land. Where occupants or other responsible persons were not present, notices were affixed to the relevant structures or items.

The exercise forms part of the Crown Land Unit’s continuing efforts to prevent squatting and encroachment on Crown land and to ensure that instances of unauthorized occupation are identified and appropriately addressed.

The Government of the Turks and Caicos Islands reminds the public that occupying, developing or otherwise using Crown land without lawful authority is an offence under the Crown Land Ordinance. These inspections and enforcement activities form part of a sustained program aimed at safeguarding public lands, discouraging unlawful development and ensuring that Crown land is managed in the best interests of the people of the Turks and Caicos Islands.

The Crown Land Unit will continue to work closely with the ISU and other partner agencies to identify and address instances of illegal occupation across the Islands. Persons occupying Crown land without authorization are encouraged to comply with all notices issued and to seek guidance from the relevant authorities where necessary.

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News

Invest TCI Strengthens Regional Investment Connections at Caribbean Investment Forum 2026 in Barbados

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Providenciales, Turks and Caicos Islands – Monday, 19th October 2026: Invest Turks and Caicos Agency (Invest TCI) strengthened its regional presence at the Caribbean Investment Forum (CIF) 2026, held October 5 – 7, 2026, in Bridgetown, Barbados, participating as both a sponsor of the Forum and representative of the Turks and Caicos Islands’ investment landscape.

The Caribbean Investment Forum brought together regional and international investors, government representatives, business leaders, entrepreneurs, investment promotion agencies, and development partners to explore investment opportunities, strengthen partnerships, and advance sustainable economic development throughout the Caribbean.

The Agency’s sponsorship of CIF 2026 formed part of its continued commitment to strengthening the visibility of the Turks and Caicos Islands within the regional investment community and building relationships with investors, development partners, investment promotion agencies, and businesses across the Caribbean.

The opening of the Forum was attended by the Honourable Mia Amor Mottley, Prime Minister of Barbados, who emphasised the importance of scaling regional investment, strengthening economic cooperation, and transforming innovative ideas into commercially viable opportunities. Invest TCI was represented by Ms. Alexa Cooper, Domestic Investment Officer, and Mr. Hezron Henry, Marketing Support Officer. Throughout the Forum, the delegation engaged with stakeholders and promoted the Turks and Caicos Islands as a competitive investment destination while exploring opportunities for greater regional collaboration and knowledge exchange.

Speaking on her experience at the Forum, Ms. Alexa Cooper, Chief Domestic Investment Officer, said:

“CIF 2026 provided another valuable opportunity to engage with donor organisations, investors and Investment Promotion Agencies (IPAs) from across the Caribbean. A highlight for me was the introduction of an exclusive masterclass for fund managers, investors and support organisations, which offered practical insights into unlocking capital, strengthening investment ecosystems and supporting investment-ready businesses. I was equally impressed with the quality of projects pitched, which showcased the region’s innovation and investment potential. It was encouraging to see projects presented with a clearer understanding of investor expectations, reinforcing the importance of not simply developing projects, but ensuring they are well-structured, investment-ready and positioned to attract the right investment partners.”

Accompanying the Invest TCI delegation was Mr. Sean Penn, Chief Executive Officer of Sky Poultry Farm Ltd., the first commercial egg and poultry production facility in the Turks and Caicos Islands. Mr. Penn’s participation provided an opportunity to showcase the development of domestic enterprise within the Turks and Caicos Islands while highlighting the potential of agriculture and food production as part of the country’s broader economic diversification efforts.

Through his participation at CIF 2026, Mr. Penn had the opportunity to engage with regional stakeholders, gain exposure to developments within the Caribbean agricultural sector, and explore potential partnerships and opportunities related to agricultural investment, innovation, and enterprise development.

For Invest TCI, the combination of sponsorship, investment promotion and local business representation provided a multifaceted platform to advance the Agency’s mandate. It allowed Invest TCI not only to promote the Turks and Caicos Islands to prospective investors but also to facilitate greater exposure for a local enterprise operating within an emerging sector of the economy. The Forum also provided opportunities for the Invest TCI delegation to exchange knowledge with regional counterparts, strengthen institutional relationships, and gain insight into investment trends and opportunities affecting Caribbean economies.

As the Caribbean Investment Forum continues to expand its regional reach, Santo Domingo, Dominican Republic, was announced as the destination for the next edition of the Forum, providing another opportunity to bring together investors, policymakers, investment promotion agencies and businesses from across the Caribbean and beyond.

Invest TCI looks forward to the continued growth of the Caribbean Investment Forum and the opportunities it creates to deepen regional partnerships, promote investment, and connect Caribbean businesses with new markets and sources of capital. The Agency remains committed to attracting sustainable investment, supporting domestic enterprise, encouraging economic diversification, and developing partnerships that contribute to the long-term economic development of the Turks and Caicos Islands.

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