Providenciales, Turks & Caicos – November 18, 2025 — Kempinski Hotels, Europe’s oldest luxury hotel group, together with international award-winning developer JTRE, celebrated the groundbreaking of Kempinski Grace Bay - an exclusive hotel & residential project featuring an intimate collection of private apartments and beachfront villas along the world’s most beautiful beach in Turks and Caicos.

The late-afternoon ceremony took place against the backdrop of Grace Bay’s turquoise waters and white-sand shore. In attendance were The Honourable Charles Washington Misick, Premier of the Turks and Caicos Islands; Her Excellency Anya Williams, Deputy Governor of the Turks and Caicos Islands other senior government officials, and project partners from around the world. Together, they marked the beginning of a new era for the Turks and Caicos Islands, one that unites European elegance with the effortless rhythm and natural beauty of Caribbean life.

“As global interest in the Turks and Caicos Islands continues to grow, Kempinski Grace Bay brings one of the world’s most distinguished hospitality names to our pristine shores,” said Honourable Charles Washington Misick, Premier of the Turks and Caicos Islands. “This development represents an important step in our evolution as a world-class destination, offering investors and visitors alike a chance to experience our cultural heritage and the beauty of our islands through the lens of luxury and impeccable service.”

Sitting gracefully across 11 acres of secluded and unspoiled shoreline, the development brings Kempinski’s 128-year legacy of European hospitality to the Turks and Caicos Islands for the first time. Developed by JTRE, the project redefines coastal living through understated architecture, attention to detail and deep respect for the natural surroundings.

“We look forward to welcoming both guests and residents to Kempinski Grace Bay,” said Barbara Muckermann, Group CEO, Kempinski Hotels. “As one of the world’s oldest hospitality groups, we are pleased to bring our art of hospitality to one of the true gems of the Caribbean and world’s most desirable destinations. The property will stand as a flagship within our portfolio - an enduring expression of our heritage, our craftsmanship, and our belief that true luxury is as timeless as the destinations 'culture and heritage.”

The property’s low-density design features 119 private residences and four oceanfront villas, all oriented toward panoramic sea views. Interiors draw inspiration from the island’s serene palette, including limestone, timber, and glass, which create a seamless dialogue between indoor and outdoor living. 

“This groundbreaking marks the start of a new chapter, not only for Grace Bay but for the entire Turks and Caicos community,” said Marek Baca, Chief Representative for the Americas, JTRE. “Our vision is to create a sanctuary that blends timeless European elegance with the natural splendor of Grace Bay, setting a benchmark for luxury in the Caribbean focused on its natural seascapes and rich culture.” 

Residents and guests will enjoy an array of signature amenities, including fine dining venues, a beach club, a 3,000 square foot wine cellar, a European spa, an ocean view fitness area, along with a sports pavilion featuring tennis and padel courts and a children’s club. Sustainability is woven into every detail, from insulated glass and solar systems to native landscaping nourished by recycled water.

Rasha Lababidi, Chief Product & Experience Officer, Kempinski Hotels said, “Kempinski Grace Bay will be an iconic property for the brand and a defining destination in the Americas. It captures our ethos of rarity, authenticity, and timeless grace — where every stay becomes a story and every moment is crafted with care.”

A Partnership Rooted in Vision

Attending the groundbreaking was Christophe Piffaretti, Chief Development Officer, Kempinski Hotels who was instrumental in solidifying the partnership and enabling this landmark moment in Kempinski’s development pipeline.

This groundbreaking builds upon the successful partnership between Kempinski Hotels and JTRE, whose international portfolio includes acclaimed and award-winning developments across London, Slovakia, and Germany. JTRE’s dedication to design excellence, community collaboration, and environmental stewardship underpins the vision for Kempinski Grace Bay.

Construction will continue through 2026, with completion anticipated in 2028. Sales are exclusively represented by Christie’s International Real Estate Turks & Caicos and Engel & Völkers Turks & Caicos, with private ownership appointments now available by request.

For more information or to inquire about ownership, visit www.gracebayresidences.com.

About Kempinski Hotels  

Founded in 1897, Kempinski Hotels is Europe’s oldest luxury hotel group. With a heritage of impeccable personal service and refined hospitality, the group today manages 75 hotels and residences across 33 countries, with more than 25 additional projects in development worldwide. The portfolio includes historic landmark properties, award-winning city hotels, exclusive resorts, and prestigious residences, each reflecting Kempinski’s commitment to excellence and cultural authenticity. Kempinski is also a founding member of the Global Hotel Alliance (GHA), the world’s largest alliance of independent hotel brands. www.kempinski.com

About JTRE  

For almost 30 years, JTRE has been a leading force in international real estate development. JTRE manages assets exceeding €2.3 billion, with a global pipeline of projects totaling more than €9.6 billion in estimated Gross Development Value (GDV). The scope and quality of JTRE´s completed projects along with the international experience has made JTRE a market leader in the field of real estate development in Slovakia and the Central Europe region. JTRE has an established presence in the Turks and Caicos Islands, where it leads the development of Kempinski Grace Bay. www.jtre.sk 

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