International real estate developer JTRE partners with Europe's oldest hospitality brand to offer owners and guests a one-of-a-kind luxury beachfront experience

Key Takeaways:

• Old world elegance arrives on award winning Grace Bay Beach bringing international flair and prestige to Turks and Caicos vacation and ownership offerings.
• JTRE has secured one of the last remaining parcels on world-famous Grace Bay Beach to develop a low-density property situated on 11 acres of serene, secluded powder sand beachfront.
• Kempinski Grace Bay blends rich heritage of internationally renowned hospitality brand with beautiful by nature serenity of award-winning Grace Bay Beach creating a distinctive and limited ownership opportunity. 

Providenciales, Turks & Caicos Islands - November 2023 – World-renowned international hotelier Kempinski Hotels has been named operator of a unique new luxury beachfront residences and resort, located on one of the last remaining pristine stretches of the award-winning Grace Bay Beach in Providenciales, Turks and Caicos Islands. The project is being developed by JTRE, a leading European real estate developer and will be operated by Kempinski, Europe's oldest hotelier - with more than 80 premium properties under management in 36 countries. The two companies signed an operating agreement and together will bring a new level of internationally renowned hospitality, contemporary design and elegant service to the Turks & Caicos Islands portfolio of vacation and ownership offerings.

From left to right: Bernold Schroeder, Chief Executive Officer and Chairman of the Management Board Kempinski Hotels, Peter Korbacka, Chairman of the Board of Directors, Founder of JTRE Group; Christophe Piffaretti, Chief Development Officer, Member of the Management Board of Kempinski

The partnership of one of the world's oldest and well-respected luxury hotel brands with a leading European real estate developer brings to the Turks and Caicos Islands a century of proven five-star hospitality delivered globally across the entire guest experience. Both Kempinski Hotels and JTRE's global footprint in Europe, Asia, Africa and the Middle East attract a loyal clientele that expands awareness for the entire destination beyond its traditional tourism markets while also appealing to North American visitors.

Kempinski Grace Bay

Discreetly set in a quiet, undeveloped 11-acre stretch of Grace Bay Beach, these luxury residences and resort feature 431 feet of white sand beachfront. The low-footprint design offers 4 beachfront villas and 72 condominium residences, creating a private sanctuary that blends into the natural landscape, creating a serene and secluded setting. Well-placed on the uncrowded eastern end of the world's most beautiful beach, the property is just minutes from the Royal Turks and Caicos Golf Club, shops and restaurants, and other attractions and conveniences, and a short drive to the destination's international airport.

Along with graceful contemporary architecture set discretely against the breathtaking natural surroundings, Kempinski Grace Bay will feature a premium offering of luxury amenities as well as new-to-the island services for discerning guests and owners to enjoy. The design, the setting and the operator distinguish Kempinski Grace Bay as offering elegant seaside luxury with world-class hospitality.

“We are pleased to add this magnificent property in a world-class destination to our international portfolio of luxury hotels and vacation residences,” said Bernold Schroeder, Chief Executive Officer of Kempinski Group and Chairman of the Management Board of Kempinski AG.  “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.”

And Christophe Piffaretti, Chief Development Officer, Member of the Management Board of Kempinski, added: “We embarked on our journey with JTRE nearly two decades ago, and today, with pride, we oversee two of their exceptional hotels. It's a delightful honor to once again be chosen by these visionary developers for their upcoming venture in Turks and Caicos.”

“Less is More” Luxury experience

Utmost attention to detail and environmental sustainability are hallmarks of the development, which respects the landscape of native plants, sand and stone that borders the mesmerizing turquoise waters of the Princess Alexander National Park. The property offers both the privacy afforded by one of the few remaining undeveloped beachfront stretches on the island and the convenience of its close proximity to Grace Bay's attractions, services and tourism amenities. In keeping with the Kempinski ethos of “less is more”, the property is purposely being developed as low density to ensure an exclusive and low traffic experience.  

“The Kempinski brand sets a new standard for international service and luxury for Turks and Caicos visitors and investors. 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,” said Marek Baca, Chief Representative for the Americas for JTRE.

Multiple vacation and ownership options

The three main condo-style residences on the property are stepped back from the beach to create a tropical oasis in the courtyard. They are configured as studio, one, two and three bedroom suites including four or five bedroom penthouse units. Four one-story luxuriously appointed villas, each featuring six spacious ocean facing bedrooms, grace the front of the property.

Premium level amenities will enhance the experience, starting with a grand arrival entrance area and lush lobby creating a garden oasis and spectacular bar with a view over the entire resort. The low-density property layout features ample space to dine, socialize, recreate, and relax. It offers three diverse dining venues including a beach club, two resort-style pools, an indoor luxury spa and fitness center, tennis and paddle courts, a kids club, as well as an indoor golf simulator, ideal for warming up for a round at the nearby championship caliber Royal Turks & Caicos Golf Club.

This unique ownership opportunity is presented in two scenarios: beach side condominiums under a strata regime and private villas offered as a land parcel with a construction contract. Pre-construction pricing and availability is to be announced in early 2024.

                                                                          ≠≠≠

More information can be found at www.gracebayresidences.com

About Kempinski: Created in 1897, Kempinski Hotels is Europe's oldest luxury hotel group. Kempinski's rich heritage of impeccable personal service and superb hospitality is complemented by the exclusivity and individuality of its properties. Today the Kempinski Group operates 82 hotels and residences in 36 countries and currently has more than 26 prestigious projects under development around the globe. Each five-star hotel reflects the strength and success of the Kempinski brand without losing sight of its heritage; each one imbues the quality guests have come to expect from Kempinski while embracing the cultural traditions of

its location. The portfolio comprises historic landmark properties, award-winning urban lifestyle hotels, outstanding resorts and prestigious residences. Kempinski is a founding member of the Global Hotel Alliance (GHA), the world's largest alliance of independent hotel brands. www.kempinski.com www.ghadiscovery.com

About J&T Real Estate (JTRE): JTRE, the developer of Kempinski Grace Bay, has operated in the real estate market for 26 years. The scope and quality of completed projects along with international experience has made JTRE a market leader in the field of real estate development in Central Europe, focusing particularly on Slovakia, Czech Republic, United Kingdom and Germany. JTRE is a private equity real estate investment, developer and asset management platform, managing assets of more than €2,3bn and estimated planned projects in the pipeline in central Europe, Asia, UK and Americas in total Gross Development Value (GDV) exceeding €9.6bn. Since 1996, the company has developed more than 1.08 million square meters of commercial properties. https://jtre.sk/en

About SWA Architects: Founded in 1995 by UK designer Simon Wood, SWA Architects is one of the leading architectural firms in the Turks and Caicos Islands. SWA has contributed significantly to the built environment of the Turks and Caicos Islands, having been responsible for a considerable number of the islands most prominent projects as well as many high-end private villas. Some of these include the most celebrated condominium designs in the Turks and Caicos Islands, including Wymara, The Regent Grand, Villa Renaissance, Regent Village, and West Bay Club. https://www.swa.tc