Kempinski Hotels announced today that it will build one of its luxury European hotels on Grace Bay Beach on the Island of Providenciales, Turks & Caicos.
Kempinski Grace Bay will be built on one of the last stretches of open beachfront land in Grace Bay, as the Caribbean Island looks to attract Kempinski’s high-end clientele. The new 11-acre resort and residences will span across 431 feet of beachfront, offering four beachfront villas and 72 condominium residences.
“We are pleased to add this magnificent property in a world-class destination to our international portfolio of luxury hotels and vacation residences," said Kempinski Group CEO Bernold Schroeder. "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.”
The property will include several different vacation and ownership options, including studios, one-, two- and three-bedroom suites, four- and five-bedroom penthouse units, and the four villas with six bedrooms each.
Kempinski is partnering with JTRE, an international real estate developer based in Europe, for the project.
“The Kempinski brand sets a new standard for international service and luxury for Turks & Caicos visitors and investors,” said Marek Baca, Chief Representative for the Americas for JTRE. “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.”
Pre-construction pricing and availability will be available in early 2024.