Corinthia Group announced it will develop a landmark ultra-luxury hotel and branded residential project on Grace Bay in Turks & Caicos, in partnership with Carolina Partners Ltd.
Set on the last remaining undeveloped beachfront parcel on a 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 – and the completed resort will be managed by Corinthia Hotels.
The development will comprise an ultra-luxury 50-suite Corinthia branded hotel and an exclusive collection of fully serviced branded residences, including beachfront villas, casitas, and condominiums.
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.
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. Karen’s dream was to bring something very special to Turks & Caicos to add to its unique beauty.
After discussions with many potential partners, it was clear that Corinthia was the group that could fulfill that dream. Their culture, standards of design, service and their growing portfolio of luxury 5-Star hotels and residences throughout Europe, North America and the Middle East will bring something unique to Grace Bay.
Alex Chazkel, Managing Partner of Corinthia Real Estate Ventures
Simon Naudi, CEO of Corinthia Group, said, “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. 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.”
Marcus Pisani, Managing Partner of Corinthia Real Estate Ventures, adds, “This partnership brings together the Cummings family’s deep connection to Turks & 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.”
Alex Chazkel, Managing Partner of Corinthia Real Estate Ventures, said, “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. 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.”
The resort has been meticulously planned to maximise the value of its exceptional beachfront position while integrating architecture, landscape, and the natural coastal environment. 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 project is proceeding towards formal planning approval, with construction currently expected to commence in 2027. The Turks & Caicos development marks C-REV’s entry into North America and represents a significant addition to Corinthia’s growing global portfolio of luxury hotels, resorts, and residences.
