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The Veranda Resort & Residences in Turks and Caicos to be Sold
to Sandals Resorts International

Grace Bay Resorts to Transition Management of The Veranda to Sandals Resorts


Providenciales, Turks and Caicos (December 4, 2012) – The Veranda Resort & Residences, a five-star fully-inclusive property located on Grace Bay beach, will be sold to Sandals Resorts International by Faez Limited, current owner of The Veranda, effective on December 17, 2012.

Grace Bay Resorts, the internationally acclaimed boutique developer and owner of the world-renowned Grace Bay Club, has managed The Veranda for the past three years since its opening in 2010, and will cease direct management and supervision of all operations, effective with the close of the sale. The Veranda will be transitioned to Sandals Resorts International as an expansion of the award-winning Beaches Turks & Caicos Resort Villages & Spa as of December 17 and will honor all previous bookings. Grace Bay Resorts will work closely with the Sandals Resorts International staff at The Veranda over the next several weeks to ensure a seamless and successful transition during the holiday season.

Nikheel Advani Chief Operating Officer and Principal expressed, "We at Grace Bay Resorts are very appreciative of the immense support our travel partners have given to The Veranda since its opening three years ago. In order to assure a smooth transition during the change in management, I will personally be on site with our sales and marketing and senior management team to address any concerns.

“While the sale of this magnificent property was not anticipated so early in its establishment, we feel proud to have been the operators who established it as among the top five-star fully-inclusives in the Caribbean,” says Mark Durliat,  Chief Executive Officer, Grace Bay Resorts. “Our team will work hand-in-hand with Sandals Resorts International to provide a wonderful experience for all during the transition, and we remain grateful and indebted to our staff, without whom the success of The Veranda and its rapid growth over the past three years would not have been possible.”

About Grace Bay Resorts

Grace Bay Resorts is a boutique developer and operator of high-end, luxury resorts and branded residences, founded from its flagship property Grace Bay Club in Turks and Caicos which opened in 1993. Led by Mark Durliat and Nikheel Advani, the developers and hoteliers behind this renowned resort, and Michael Brewster, Grace Bay Resorts provides development, branding and management for its brand and is expanding its award-winning services into other Caribbean destinations and Latin America, with a target of 10 properties in the next few years. For more information, please visit  www.gracebayresorts.com
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Contact: 

Courtney Marzahn
Susan Magrino Agency
212.957.3005
courtney.marzahn@smapr.com


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Also See: Grace Bay Resorts Names John Vasatka as General Manager for The 168-room Veranda Resort in Turks and Caicos / February 2012

Mona Beeson Appointed as General Manager of The Sands at Grace Bay in Providenciales, Turks & Caicos / September 2011

Grace Bay Club Unveils New Modern Glass-Edge Infinity Pool as Part of Renovation in Turks & Caicos / October 2010

Owners Andre Surreys and Ron Sutherland Appoint Grace Bay Resorts to Manage the Veranda Resort & Residences in Providenciales, Turks and Caicos / July 2009

Yasmeen Sarwar Named Vice President of Sales and Marketing for Grace Bay Resorts, Turks and Caicos / July 2009

Under New Ownership, Cap Juluca Appoints New Management Team; John Vasatka and Tania Rydon Named General Manager and Co-General Manager Respectively / June 2008
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