Corinthia Group will develop a hotel and branded residential project on Grace Bay in Turks and Caicos in partnership with Carolina Partners Ltd. The project is part of the group’s international growth through third-party management, strategic acquisitions, partnerships and development.
The site is the last undeveloped beachfront parcel on this stretch of Grace Bay. Corinthia Real Estate Ventures (C-REV), the group’s real estate investment and development arm, is leading the project under managing partners, Marcus Pisani and Alex Chazkel. Corinthia Hotels will manage the completed resort.
The development will include a 50-suite Corinthia branded hotel and a collection of fully serviced branded residences, including beachfront villas, casitas and condominiums.
“The Cummings family has held an extraordinary piece of Grace Bay for more than 25 years and we are delighted to be partnering with them to realise its potential,” said Simon Naudi, CEO of Corinthia Group. “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.”
Karen Cummings, a managing member of Carolina Partners Ltd., first visited Turks and Caicos more than 25 years ago and acquired the first parcel of land at that time. Additional parcels were acquired over the next 25 years. Carolina Partners chose Corinthia after discussions with many potential partners.
“This partnership brings together the Cummings family’s deep connection to Turks & Caicos with C-REV’s development and investment capabilities,” said Marcus Pisani, managing partner of Corinthia Real Estate Ventures. “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.”
“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,” said Alex Chazkel, managing partner of Corinthia Real Estate Ventures. “We are excited to be working with the Cummings family and to be launching this as the first in a series of high-profile projects that C-REV is bringing forward in North America. This project will be added to our existing portfolio of hotel/residence properties in Europe, North America, and the Middle East. The portfolio is growing rapidly with recently opened or announced projects in Malta, Italy (Rome, Lake Como, Tuscany), Maldives, North America and the Middle East.”
Amenities will include a spa and wellness centre, multiple swimming pools, a beach club, signature restaurants, retail, paddle courts and curated lifestyle experiences. The architecture draws on the shallow waters of the Caicos Banks, with an emphasis on understated design, natural ventilation and a connection between indoor and outdoor living.
The project is proceeding towards formal planning approval. Construction is expected to begin in 2027. The development marks C-REV’s entry into North America and adds to Corinthia’s portfolio of hotels, resorts and residences.
