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Molasses Reef Development Back on Track

Turks & Caicos Islands

The Ritz-Carlton Hotel Co. recently announced that a group of European developers are set to complete Molasses Reef, a former Lehman Brothers luxury development. The developers, who have not yet been named, purchased Lehman’s stake in the development, which had been left unfinished since the bank’s collapse in 2008. Construction is set to restart later this year.

Molasses Reef, a Ritz-Carlton Reserve project located on West Caicos, was planned to feature a luxury hotel resort and condominiums.

For more information visit: www.ritzcarlton.com

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