Corinthia Group has announced that it will develop a landmark ultra-luxury hotel and branded residential project on Grace Bay in Turks and Caicos in partnership with Carolina Partners Ltd.
Simon Naudi, CEO of Corinthia Group, said that “this project is another important step in Corinthia’s international growth, bringing together exceptional real estate, aligned capital partners, and our development and hotel management expertise.”
Set on the last remaining undeveloped beachfront parcel on this prime stretch of Grace Bay, the project is being led by Corinthia Real Estate Ventures (C-REV), the group’s real estate investment and development arm, under Managing Partners Marcus Pisani and Alex Chazkel, with the completed resort being managed by Corinthia Hotels.
The development will comprise an ultra-luxury Corinthia-branded hotel and a limited collection of fully serviced branded residences, including beachfront villas, casitas, and condominiums.
Karen Cummings, a managing member of Carolina Partners Ltd, first visited Turks and Caicos more than 25 years ago and was overwhelmed by its natural beauty and the kindness of its people. Her vision for the opportunity led to the acquisition of the first parcel of land at that time and the acquisition of additional parcels over the next 25 years.
The site is the premier location on Grace Bay, which has been rated as the best and most beautiful beach in the world.
Marcus Pisani, Managing Partner of Corinthia Real Estate Ventures, added that “this partnership brings together the Cummings family’s deep connection to Turks and Caicos with C-REV’s development and investment capabilities. Grace Bay is a truly exceptional setting, and we look forward to creating a landmark project that reflects the quality of the site and the Corinthia brand.”
The Managing Partner of Corinthia Real Estate Ventures, Alex Chazkel, explained that “this is a rare opportunity to develop a world-class hotel and branded residential destination in one of the Caribbean’s most sought-after locations.”
In addition to the hotel and branded residences, amenities will include a spa and wellness centre, multiple swimming pools, a beach club, signature restaurants, retail, padel courts, and curated lifestyle experiences.
The architectural vision draws inspiration from the calm, shallow waters of the Caicos Banks, with an emphasis on understated design, natural ventilation, and a strong connection between indoor and outdoor living.
The project is proceeding towards formal planning approval, with construction currently expected to commence in 2027.
The move comes as other major international hotel groups expand their presence in Turks and Caicos. Hilton has announced two luxury developments in the destination, including a Waldorf Astoria, while Kempinski is also developing a luxury resort and residential project on Grace Bay Beach, with construction already underway. Earlier this year, Anantara also announced that it would be investing in the overseas territory.
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