Commercial Property Development and Tourism
As the recovery from the recession continues apace, tourist arrival numbers to the Islands have resumed their upward track and in view of the TCI’s proximity to the North American mainland, pristine environment, political stability and favourable investment climate, further growth is expected in this area.
We have advised on many major tourism and resort projects in the Islands. Past and present clients in this field have included Jasper Development (West Caicos development), Desarrollos Hotelco (JW Marriott development), Amanyara (Caicos Resorts), Grand Turk Cruise Terminal (Carnival Corporation), Sailrock South Caicos (CMK Companies), The Veranda on Grace Bay, Club Med, Beaches (Sandals), London & Regional Properties, Westbrook Partners, Ocean Club, Ocean Club West, Point Grace, Grace Bay Club, The Somerset on Grace Bay, The Alexandra Resort, Royal West Indies Resort, and The Meridian Club (Pine Cay).
Our tourism and resort team has considerable experience in the legal aspects of resort development in the Islands including advising on the appropriate corporate structure, negotiating development concessions with the TCI Government, acquisition of resort property, the financing aspects of resort projects, the negotiation and drafting of construction and related contracts, advising on employment law issues, planning law, advice on real estate structuring including mixed-use development, villa, and condominium arrangements and regulations, and on local immigration law.