Global Influencers With Local Ties
In 2014, a unique piece of property on the western end of Grace Bay Beach became available. It was among the last of its kind on a beach that has consistently ranked among the world’s best. Veteran real estate investors and developers Matt McDonald and Jon Siegel assembled a team of experts and raised the capital necessary to develop a world-class resort. Andaz Turks & Caicos at Grace Bay is the result of a storied collaboration between global influencers, innovators and experts in their fields. Each shares a common link to the beauty, history and culture of the Turks & Caicos Islands and holds a highly specialized expertise to raise the bar for excellence on Grace Bay Beach.
Leadership
R. Matt McDonald is Managing Director of Vista Development, Ltd. and ProNet Capital, LLC, Vista’s Colorado-based sister company. ProNet Capital, which Mr. McDonald co-founded in 2000 with W. Scott Boatman, is a boutique private equity and real estate development firm with an established track record in the development and co-development of multifamily properties in the Seattle area and hospitality properties primarily in the Caribbean market. Mr. McDonald has substantial financial management experience with private and publicly held companies, as well as a significant background in the banking industry. He is currently an active Board Member for the West Caicos Reserve project, a $1 billion residential and hospitality real estate enterprise where he led recapitalization and restructuring efforts that resulted in a $120 million equity investment. McDonald was also the first developer to bring new luxury villas to the north shore area of Providenciales in Turks and Caicos, including the 7,600+ square foot Mother’s House, which achieved 2017’s highest resale price at $7.625 million. In addition, as Director of Development for NCPA, McDonald is managing the marina and residential development on over 100 acres of property in the North Creek area of Grand Turk.
Jon Siegel is Managing Director of Vista Development, Ltd. He is also the CFO of ProNet Capital, LLC, which he joined in 2004. Over the past 25 years, Mr. Siegel has held various executive positions in real estate development. Most recently he served as Managing Director and CFO for the West Caicos Reserve projects, a $1 billion residential and hospitality real estate enterprise where he continues to serve as a board member. Previously, Mr. Siegel was founder and managing member of The Provo Fund, a real estate fund that made early investments in West Caicos Reserve, was Chief Investment Officer for a Cayman-based resort developer, and consulted for a Bangkok-based hotel development company. He has an extensive background in the brokerage industry, and worked at LF Rothschild, Drexel Burnham Lambert, and Donaldson, Lufkin, and Jenrette, Inc. He co-founded the Grand Charter Group and its broker/dealer subsidiary, Prime Charter, Ltd., was Chairman and CEO of Global Capital Markets, LLC, a full-service brokerage firm, and was Chairman and CEO of the parent company of Sutton Online, Inc., a publicly traded provider of online solutions to broker-dealers and individuals.
John Fair is Director of Development for Vista Development, Ltd. He launched his real estate investment and development business in 1986 with $12,000. By 2004, his businesses were generating $100 million in annual revenues with 400 employees in three countries. Mr. Fair is the visionary and developer of Esperanza Resort in Los Cabos and co-developer of Grace Bay Club including the Villas and the Estates. John has 20 Years of successful development experience in Turks and Caicos, Mexico, and the United States.
Ramez Hakoura is a Director of Vista Development, Ltd. and a founding investor in Andaz Grace Bay. He is a long-standing Turks and Caicos investor and business owner and was one of the original shareholders of KH Capital, which founded the IGA and IGA Gourmet supermarkets on Providenciales. Mr. Hakoura subsequently developed IGA Plaza and Graceway Gourmet as well as the Flamingo Park Townhomes. He is currently the owner and operator of TCI Waste Disposal, the only recycling factory in Turks and Caicos, and the owner of Eden Yacht Charters, the only company in Turks and Caicos offering all-inclusive fishing and diving trips with fresh food prepared on board. Mr. Hakoura has over 15 years’ experience in real estate, which he was first involved with in Mayfair, London before he moved to Turks and Caicos.
Dr. Peter Lue is a Director of Vista Development, Ltd. and a founding investor in Andaz Grace Bay. Born and raised in Jamaica, he has developed deep knowledge of the entire Caribbean region through a career that spans the fields of science and real estate. Dr. Lue is President and owner of Scientific Supplies & Technology International, an export and service business specializing in providing clinical and laboratory products throughout the Caribbean; a founding investor in Gimrock Construction, a construction company that operates in South Florida’s Miami-Fort Lauderdale area as well as the Caribbean; and a founding partner of NCPA, Ltd., which aims to build a master-planned community anchored by a world-class marina on the North Shore of Grand Turk. Dr. Lue earned his BSA and MSc in Agriculture from the University of Guelph (1965- 1966), his PhD in Biochemistry from the University of Ottawa (1970) and did post-doctoral work at the University of Edmonton and the University of Toronto’s Banting Institute (1971- 1973).
Architecture
& Interior Design
RAD Architecture Inc. is a design firm specializing in hospitality, commercial, and residential projects. This boutique firm offers clients a wide range of design services with personalized attention to detail. RAD is dedicated to providing innovative design solutions while respecting its clients’ economic, marketing and aesthetic goals. Every project undertaken by the firm is treated individually, and benefits from the years of hospitality, residential and commercial design experience RAD principals and associates bring to their work. The unique design created by RAD reflects the culture and atmosphere of their locations, and at times, the themes requested by their clients. Notable projects include The Shore Club Turks and Caicos, The Regent Palms TCI, Freedom Bay Six Senses St. Lucia, Westin Le Paradise St. Lucia.
Modus Operandi A+D, Inc. is an international design firm based in Fort Lauderdale, Florida, with core expertise in the design of luxury hotels, resorts, and condominiums.. The firm’s principal, supported by a team of exceptional architects and interior designers, brings clients 30 years of experience in the design arena, including a body of work comprised of some of the most exclusive, innovative, and unique hotel properties from around the world. Past and present clients include Hyatt International, Hilton Hotels, Four Seasons Hotels, Capella Hotels, and Shilla Hotels, among others. Modus Operandi was established with the goal of providing its clients personalized and exceptional service and design. The firm has purposely remained small, allowing the principal direct, focused, and continuous involvement in each project the firm undertakes. In addition to the core of professionals based in its Florida offices, Modus Operandi has the support of two licensed architects in Madrid, Spain. Modus Operandi approaches each new commission as a unique opportunity to create integrated environments that have their own personality while reflecting the spirit of their locale and are beautiful, effective, and functional.
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Contractors
DCK Worldwide is a global construction company dedicated to the development, management and construction of projects around the world. For more than 90 years, corporations, developers, and governments have trusted DCK worldwide to flawlessly bring their blueprints to life. Headquartered in Pittsburg, Pennsylvania, with regional offices in Hawaii, Arizona, Florida, the Philippines, and the Caribbean, DCK employs construction professionals and craftsmen worldwide with the commitment, expertise, and passionate work ethic that is the cornerstone of DCK’s success and continued growth. DCK has built over 38,000 hotel rooms consisting of more than $2.2 billion of construction in the Caribbean alone.
Projetech Construction Management & Services Ltd., is one of the leading major construction companies in Turks and Caicos Islands. Their firm enjoys an excellent reputation for quality work and good relations with our clients on some of the largest and most prestigious projects in the country. They have worked with a wide array of clients on many different types of projects from private homes and villas to hotels and more. They offer well over 100 years combined experience in Turks and Caicos Islands, completing in excess of 200 different building and civil engineering projects throughout the islands. Projects have ranged in size from $250,000 to in excess of $70 million, from custom luxury homes to commercial spaces and hotel/condominiums. Notable projects include The Grace Bay Club, The Ocean Club, and The Somerset.
