Hotel Online
News for the Hospitality Executive


Oceanpoint Developments Ltd Appoints Mark A. Elawadi as Managing Director
at Turks & Caicos' Third Turtle Club & Spa
Rockresorts Selected to Operate the Property Expected to Open in 2011


TURKS and CAICOS, Caribbean, March 13, 2008 - The Third Turtle Club & Spa today announced their $3 million beach restoration project is under way and also formally announced the appointment of Mark A. Elawadi as Managing Director.

The Third Turtle Club & Spa, an exclusive Condo Hotel Resort, named for the first hotel and restaurant on the island, is known for its spectacular location offering a secluded beach, marina and elevated bluff all in one project. The Oceanpoint Developments Ltd, who owns and will develop the site, uphold a commitment to preserving this unique island retreat for future generations.

Their commitment includes spending more than $3 million to replenish Babalua Beach to its former glory. This project will involve the widening of the existing beachfront along the entire shoreline and constructing groynes on either side to protect and preserve the beach. Oceanpoint Developments Ltd has been working closely with the Department of Environment and Coastal Resources on the project.

"We are extremely excited to begin the beach restoration project at our site. This is one of the first steps in putting the Third Turtle Club & Spa on the map as the most luxurious resort in Turks & Caicos," said Richard Padgett, Chairman & CEO of Oceanpoint Developments Ltd. "Today we also welcome Mark A. Elawadi to our team. His wealth of experience in the hospitality industry made him a perfect fit for Managing Director."

Mr. Elawadi brings more than 25 years of experience ranging from hotel operations and development to consulting and asset management to his new role at the Third Turtle Club & Spa. He has held executive positions with some of the finest hotel management companies worldwide including Vice President and General Manager, Conrad Hotels & Resorts; General Manager, Marriott Hotels; General Manager, The Cumberland Hotel, London "UK"; Chief Operating Officer, Resort Properties Group (Tenerife-Spain); Vice President of Development, Ramada & Renaissance International; and Group Director of Development and Asset Management, United Real Estate Group (Kuwait).

Prior to joining The Third Turtle Group, Mr. Elawadi was President of Jefferson Hotel Group, a Washington D.C. hospitality consulting and asset management partnership advising hotel owners and management companies. He also served with the U.S. State Department as Country Director for the Peace Corp. In addition, he sits on the Board of Directors of the Charlotte Convention and Visitors Bureau, Chairman of the Board of the Tourism Committee of the American Chamber of Commerce Egypt.

Mr. Elawadi holds a bachelor's degree from Cairo University. He is an American Hotel & Lodging Association Certified Hotel Administrator and has successfully completed executive education and professional development programs at Cornell and George Washington universities.

Oceanpoint Developments Ltd. Selects RockResorts
to Operate the Third Turtle Club & Spa

March 13, 2008 - RockResorts International, LLC announced today the addition of the Third Turtle Club & Spa, A RockResort, located on the island of Providenciales in the Turks & Caicos islands. RockResorts has been selected by Oceanpoint Developments Ltd. to manage all resort operations and to provide technical advisory services during the development of the resort. In addition to managing the project's luxury residences and suites, spa facilities and restaurants, RockResorts will also manage the resort's commercial activities, private yacht harbor and beach club. RockResorts, a resort hotel company headquartered in Broomfield, Colorado, is a wholly owned subsidiary of Vail Resorts, Inc. .

"We are excited to be adding a property to the RockResorts collection in the Turks & Caicos islands. This is truly a tremendous time of growth and development for our company," said Stan Brown, executive vice president and chief operating officer of RockResorts and Vail Resorts Hospitality. "With its unique and spectacular location consisting of a long secluded beach, marina, private island and elevated bluff, the Third Turtle Club & Spa exemplifies RockResorts' commitment to offering luxurious hotels and resorts that reflect the extraordinary beauty of their surroundings."

The Third Turtle Club & Spa is expected to open in 2011 and will feature one-, two-, three- and four-bedroom units. Each unit will benefit from having ocean or marina views with sliding pocket doors to maximize the panoramic views. The highest quality finishes and design elements will be incorporated across all areas of the property.

"Oceanpoint Developments Ltd. is committed to preserving the Third Turtle Club & Spa as a unique island retreat for future generations. With RockResorts' track record of stewardship of properties that are indigenous to their locations, we knew it would be an ideal partnership," said Richard Padgett, Chairman & CEO of Oceanpoint Developments Ltd. "The Third Turtle Club & Spa will benefit from RockResorts' expertise in creating the finest guest experience in some of the most beautiful settings in the world."

About Oceanpoint Developments Ltd

Oceanpoint Developments Ltd was specifically formed to purchase and develop the site of the former Third Turtle Inn, the Turks and Caicos Islands' first hotel. The Third Turtle Club & Spa will preserve and broaden the legacy of the original hotel by redeveloping its unique 17-acre oceanfront site into an exclusive Condominium Hotel Resort incorporating an impressive set of on-site amenities.


Oceanpoint Developments Ltd

Also See: Opening July 2008, Seven Stars Resort Casts a Celestial Spell in the Turks & Caicos Islands / February 2008
Dr Cem Kinay and Oguz Serim Sign the Mandarin Oriental Hotel Group to Manage its Flagship Development in Dellis Cay, a Private Island in the Turks and Caicos / November 2006


To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch
Home | Welcome| Hospitality News | Classifieds| One-on-One |
Viewpoint Forum | Industry Resources | Press Releases
Please contact Hotel.Onlinewith your comments and suggestions.