Turks and Caicos Islands Signs $224M Hotel Development Plan

April 2, 2015 10:36 PM

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The government of the Turks and Caicos Islands has announced an agreement with a hotel developer to build a $224 million resort project on the most populous island of the British territory.

A statement from the governor's office says the Desarrollos Hotel Group will build the 124-room hotel, resort, casino and spa in the Grace Bay area of Providenciales and the Ritz Carlton Hotels Co. LLC will manage the property.

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