​Source: Caribbean Hotel & Resort Investment Summit (CHRIS)

Caribbean Hotel & Resort Investment Summit (CHRIS) recently honored the best developments and transactions in the Caribbean hospitality industry. Held in Coral Gables, Florida, this event showcased the outstanding achievements of hotels and companies that have shaped the region’s hotel landscape in 2022.

One of the standout winners was Rock House in Providenciales, Turks & Caicos Islands, which claimed the coveted CHRIS Development of the Year 2022 title. Developed by Grace Bay Resorts with a $40 million investment, Rock House wowed visitors with its breathtaking architecture inspired by the Amalfi Coast. Situated on 14 acres, this 46-key luxury resort earned recognition as the top Caribbean resort on Travel & Leisure’s esteemed “It List 2023.” The resort’s commitment to sustainability and use of local craftsmanship further enhanced its reputation. Other notable finalists included Coulibri Ridge in Dominica and Residence Inn by Marriott San Juan Isla Verde in Puerto Rico.

In the Transaction of the Year category, Dorado Beach, A Ritz-Carlton Reserve in Puerto Rico took the spotlight. Braemar Hotels & Resorts acquired this stunning property, comprising 96 keys and 14 residential units, for an impressive $193 million. Located within the former Laurance Rockefeller estate, Dorado Beach continues to mesmerize guests with its luxury and exclusivity, making it an attractive investment opportunity. The Four Seasons Resort & Residences Anguilla in Anguilla also received recognition as a finalist.

The CHRIS Development of the Year Award committee, chaired by Gary Brough of Baker Tilly, and the Transaction of the Year Award committee, led by Paul Weimer of CBRE Hotels, diligently reviewed and selected the exceptional deals from numerous nominations. The final winners were determined through voting by CHRIS delegates.

Discover more about the CHRIS conference and stay updated on the latest Caribbean hotel industry developments by visiting their official website.

CHRIS continues to celebrate the remarkable achievements and influential deals driving the growth of the Caribbean hospitality industry. Congratulations to all the winners and finalists for their outstanding contributions to Caribbean hospitality!