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$100M resort slated for Turks and Caicos Islands

July 10, 2014

PROVIDENCIALES, Turks and Caicos (AP) — A local company in the Turks and Caicos Islands has signed a deal with the government to build a $100 million luxury resort and marina.

The government said in a statement Thursday that Circle Holdings Ltd. will build the resort on Turtle Cove on the main island of Providenciales. It is expected to create some 300 jobs and generate an estimated $9 million a year in tax revenue.

Construction on the 17-acre (7-hectare) property is slated to begin in 2015. The resort is scheduled to open a year later.

The resort will feature 140 suites, 775 feet (236 meters) of shoreline and 1,300 feet (396 meters) of marina frontage on Grace Bay.

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