The developers of Nail Bay Resort and Mooney Bay Estates recently signed a Memorandum of Understanding (‘MOU’) with Taj Hotel Resorts and Palaces to develop the first Taj Exotica Resort, Spa & Luxury Residences in the Caribbean, Central America and South America in the British Virgin Islands.
Under the terms of the development agreement, the Government of the Virgin Islands approved the construction and operation of a new five-star hotel of 100 hotel units, plus additional hotel spa suites, hotel villas, townhouses and residential villas for sale with a luxury spa and related facilities including restaurants, bars, swimming pools, gift shops and boutiques at Nail Bay plus a private jetty and ten moorings.
‘Coming on the heels of the recognition we received from the Travel + Leisure Annual World’s Best Awards readers’ survey, this project only reinforces our global reputation as one of the leaders in the Caribbean region,’ said Ms. Hadassah Ward, Acting Director of the British Virgin Islands Tourist Board. ‘This announcement represents a significant upgrade to our already award-winning tourism infrastructure.’
Established in 1903, Taj Hotels Resorts and Palaces is one of Asia’s largest and finest group of hotels comprising 77 hotels, 7 authentic palaces, 6 private islands, 12 resorts and spas in over 52 destinations, 12 countries, 5 continents plus personal jets and luxury yachts. For more information on Taj Hotels Resorts and Palaces, visit www.tajhotels.com.
$42 Million has been spent so far on Nail Bay, a 148-acre former sugar plantation below Gorda Peak, with almost a mile of waterfront, on the NW shore of Virgin Gorda, to develop a luxury villa resort.