The Albany Gazette - Andaz Turks & Caicos Residences Surpass $100 Million in Sales, Marking Record Momentum

PROVIDENCIALES, TURKS & CAICOS / ACCESS Newswire / November 21, 2025 / Andaz Turks & Caicos at Grace Bay, a luxury residential and resort community located along the world-renowned Grace Bay Beach, has achieved a significant milestone with more than $100 million in gross residential sales to date. This accomplishment underscores strong demand for the highly anticipated property, which will debut as the first Andaz branded property in the Caribbean.

Sales momentum has accelerated dramatically in 2025, with the Fall season marking the project's strongest month since breaking ground in June 2023. Five residences sold totaling over $17 million, pushing cumulative sales past the $100 million mark. With all penthouse residences and the entire Reef Collection now sold out, availability is limited to a select number of one- and two-bedroom residences, plus the final three-bedroom residence and the last remaining Sunrise Studio. Current listings begin at $1,575,000 USD, with a scheduled price increase taking effect on December 1st, 2025.

"Surpassing $100 million in sales is a powerful milestone that reflects the demand for this one-of-a-kind property," said Matt McDonald, Managing Director. "We're thrilled by the response from buyers seeking both a lifestyle investment and the unmatched benefits that come with Andaz and Hyatt's world-class brand."

Each residence embraces contemporary Caribbean living with floor-to-ceiling glass, seamless indoor-outdoor layouts, and curated interior finishes inspired by Grace Bay's turquoise waters and salt-kissed sand. Owners also enjoy exclusive access to resort amenities, including a full-service spa with sauna and cold plunge, a yoga pavilion, multiple dining venues, tennis and pickleball courts, the Crablets Kids Club, and dedicated World of Hyatt concierge services. Residences may also be included in Hyatt's rental program, offering owners the flexibility to participate in nightly rental inventory.

Easily accessible, Andaz Turks & Caicos at Grace Bay will be located just off Leeward Highway, a short 15-minute drive from Providenciales International Airport. Turks & Caicos is serviced by more than 20 domestic and international flights, making it a popular destination and investment for vacation homeowners. Interested buyers are encouraged to inquire soon, as pricing will adjust under the upcoming December 1st, 2025 increase.

For more information or residential sales inquiries, please visit www.andaztcresidences.com or phone +1 649 232-4119.

The term "Hyatt" is used for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

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About Andaz Turks & Caicos

Set to debut in early 2026, Andaz Turks & Caicos at Grace Bay will offer a premier five-star experience as the first Hyatt property in the Turks & Caicos Islands. The resort will feature 59 resort keys and 73 residential units, complemented by world-class amenities, including three dining venues, a pool bar, a state-of-the-art fitness centre, full-service spa with sauna and cold plunge circuit, and a kid's activity club. For more information, visit www.andaztcresidences.com.

About Andaz

Global in scale while local in perspective, the Andaz brand empowers self-expression and stimulates guests' curiosity through imaginative travel for a distinctively local experience. Through thoughtful, unscripted service tailored for travelers, Andaz hotels enable guests to go beyond the familiar to discover and define their personal essence while immersing themselves in the spirit of the eclectic culture around them. Currently, there are 29 Andaz hotels open: Andaz 5th Avenue in New York, Andaz San Diego, Andaz West Hollywood, Andaz Napa, Andaz Scottsdale Resort & Bungalows, Andaz Savannah, Andaz Maui at Wailea Resort, Andaz Munich Schwabinger Tor, Andaz Ottawa ByWard Market, Andaz Mayakoba Resort Riviera Maya, Andaz Mexico City Condesa, Andaz Costa Rica Resort at Peninsula Papagayo, Andaz London Liverpool Street, Andaz Amsterdam Prinsengracht, Andaz Prague, Andaz Singapore, Andaz Bali, Andaz Pattaya Jomtien Beach, Andaz Delhi, Andaz Xintiandi in Shanghai, Andaz Shenzhen Bay, Andaz Tokyo Toranomon Hills, Andaz Seoul Gangnam, Andaz Capital Gate Abu Dhabi, Andaz Dubai The Palm, Andaz Xiamen, Andaz Vienna Am Belvedere, Andaz Nanjing Hexi and Andaz Macau For more information, please visit andaz.com. Follow @Andaz on Facebook, X and Instagram, and tag photos with #WhenInAndaz.

Media Contacts:

Bianca Flores, Manager, Field Communications
Hyatt Hotels Corporation
[email protected]

Amanda Brown, Marketing Manager
Vista Development Ltd.
[email protected]

Available for Interview:

• Matt McDonald, Managing Director, Vista Development Ltd.

Forward-Looking Statements

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about the Company's plans, strategies, outlook, the number of properties we expect to open in the future, the expected timing and payment of dividends, the Company's 2025 outlook, including the Company's expected System-wide Hotels RevPAR Growth, Net Rooms Growth, Net Income, Gross Fees, Adjusted G&A Expenses, Adjusted EBITDA, Capital Expenditures, and Adjusted Free Cash Flow, the proposed Playa acquisition and our ability to consummate and finance the acquisition, method of financing the acquisition, outcomes of the proposed acquisition, including impact on asset-light earnings mix, our ability to reduce our owned real estate asset base within targeted timeframes and at expected values, financial performance, prospective or future events and involve known and unknown risks that are difficult to predict. 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Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the effects that the announcement or pendency of the proposed Playa acquisition may have on us, Playa and our respective business and ability to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom we or they do business; inability to obtain required regulatory or government approvals or to obtain such approvals on satisfactory conditions; inability to obtain sufficient stockholder tender of Playa ordinary shares, stockholder approval or to satisfy other closing conditions; inability to obtain financing; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreement; the effects that any termination of the definitive agreement may have on us or our business; failure to successfully complete the proposed acquisition; legal proceedings that may be instituted related to the proposed acquisition; 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loss of key personnel; domestic and international political and geopolitical conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as hurricanes, earthquakes, tsunamis, tornadoes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve specified levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of our real estate assets; unforeseen terminations of our management and hotel services agreements or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and manage the Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; and violations of regulations or laws related to our franchising business and licensing businesses and our international operations; and other risks discussed in the Company's filings with the SEC, including our annual reports on Form 10-K and quarterly reports on Form 10-Q, which filings are available from the SEC. All forward-looking statements attributable to the Company or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We do not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

SOURCE: Andaz Turks & Caicos

View the original press release on ACCESS Newswire

(W.Walker--TAG)