Nikki Beach Turks and Caicos Closes

by Deidre Woollard (RSS feed)
Sep 13th 2009 at 9:01PM

Say farewell to another luxury resort. Leeward Resort Ltd. the owner of the Nikki Beach Resort & Spa in Turks and Caicos, has been placed into receivership. The resort, which offered 48 rooms and suites with luxury amenities, has been closed after being open less than tow years. The Nikki Beach brand remains afloat with resorts around the world including Miami, New York and Thailand. The British Caribbean Bank will manage the 430-acre resort and 110-slip mega-yacht marina and is hoping for a buyer. Since the Four Seasons Exuma was recently snapped up by Sandals there's reason to believe that their might be another hotel company willing to make a deal and pick up a resort which has been widely regarded as one of most exclusive in the Caribbean. Expansion plans for the resort had included condominiums, a spa, casino and new restaurants.

Tags: hotels in trouble, HotelsInTrouble, nikki beach, NikkiBeach, receivership, resort, turks and caicos, TurksAndCaicos