Salt Cay: The Rest of the Story!

Salt Cay Development Companies Press statement with respect to the Writ and Statement of Claim issued by Attorney General regarding Salt Cay project:

On Monday we learned that the Attorney General on behalf of TCIG issued the Writ and the Statement of Claim which includes a claim for the cancellation of our Development Agreement, Lease and Sale and Purchase Agreements of Crown Land. This claim affects all the Development Companies - Salt Cay Estates Ltd., Salt Cay Devco Ltd. and Salt Cay Golf Club Ltd.

The contents of the papers submitted to the TCI Supreme Court are unfounded and frivolous. In addition they contain lots of factual mistakes and ignore facts and documents that are available to TCIG. We believe that this action is politically motivated as result of the enormous pressure on the Interim Government from both the TCI and UK. It is just another demonstration of the arrogance, ignorance and irresponsibility of those who currently govern the TCI.

We welcome the opportunity to have an independent judicial power rule on the matters set out in Writ and Statement of Claim and that finally we will have a chance to defend our rights in a proper and open manner. We will present our project and its context to the court and to the people of TCI. We remind the public of our opinion that process Robin Auld and his Commission adopted was unfair and non-standard – and that he published false and unfounded allegations about us without giving us a proper chance to defend ourselves and in particular to be publicly heard. He even repeatedly refused to publish our statements and by that we believe he failed to follow the principles of natural justice and principles, which he himself said he would follow, such as the Salmon principles.

We declare clearly and strongly that we have never bribed any member or former member of the TCI Government nor anyone else in connection with our project on Salt Cat Project or any of our other activities. We never obtained any privileges, favours or better conditions from TCIG or the Crown. On the contrary we have always paid more for Crown Land purchases than anyone else at the relevant time and place. The lease of Crown land for the golf course was under similar conditions to other courses in TCI and our lease is similar to those in the Caribbean region and the UK as well. We have received fewer advantages and allowances, but more obligations in our Development Agreement than any other developers on TCI with comparable project. A comparison of all Development Agreements that TCIG have entered into will show this. All contracts with TCIG were negotiated and executed by us following negotiations conducted with the AG’s Chambers, and were entered into following the applicable law and with our good will. We will continue to follow our obligations under these agreements.

The steps of the TCI Interim Government, especially their failure to perform their obligations and follow applicable law has caused us huge damages. We will be making a claim, in the strongest possible terms, within the proceedings just issued by TCIG to recover all our losses arising from the actions of TCIG. We hop it will not just be the people of TCI who will be bearing the consequences of unqualified decisions of others.

We are ready to come in front of the court and bring forward all facts and documents which will disprove each and every one and of TCIG’s allegations. We are sure that any independent court will find in our favour and we hope that the other side will not unreasonably prolong the process.

We will not make any more public statements or declarations until the court has made its final decision.

Salt Cay Estates Ltd.
Salt Cay Devco Ltd.
Salt Cay Golf Club Ltd.

Salt Cay Devco, Ltd.: Press Release

Six Senses Resort and Spa to be the operator of Salt Cay Resort

Salt Cay Devco Ltd, Providenciales, Turks and Caicos Islands – January 22, 2010:

Salt Cay developer and Six Senses Resorts & Spas have signed an agreement to establish and operate Six Senses Salt Cay as the first Six Senses Resort and Spa in the Caribbean.
Six Senses is a resort and spa management and development company established in 1995, which manages resorts under the prestigious brand names Soneva, Six Senses and Evason, plus Six Senses Spas and Six Senses Destination Spas. They already successfully operate in the Maldives, Vietnam, Oman, Jordan, Thailand, and Spain.

Six Senses Resorts offer luxuries of the highest international standard in an environment that nurtures the indigenous feel in all of its architectural designs and amenities; fusing together nature with the ultimate guest experiences and creating luxurious destinations that speak for themselves.

Six Senses Spa is a key element of all the Six Senses Resorts and Spas, and offers a wide range of holistic wellness, rejuvenation and beauty treatments all of which are administered under the guidance of expert therapists and alternative practitioners.

Six Senses Salt Cay Resort has been designed to introduce the group’s SLOW LIFE (Sustainable – Local –Organic – Wholesome Learning – Inspiring – Fun – Experiences) philosophy with the Turks and Caicos Islands positioning itself as the first luxurious resort of this kind in the Caribbean.

The First Phase of the project will comprise of a Six Senses Resort (40 one-bedroom villa suites, two-bedroom villa suites and three-bedroom retreats), 13 Residential Villas, Six Senses Spa, and Golf Course (Audubon International Gold Signature Program).

Salt Cay, a remote inhabited island in Turks and Caicos, is home to some of the best beaches, breathtaking hues from inviting waters, and legendary diving, snorkeling and fishing - a tropical classic that embraces the concept of "beautiful by nature"; perfectly aligned with Six Senses’ environmental commitment of "intelligent luxury".

Six Senses Resorts & Spas presents a great opportunity to protect the heritage of Salt Cay for future generations and create new and exciting job opportunities and business ventures which will facilitate the rebuilding of the community.

In addition to several dining alternatives, including an organic garden restaurant, there will be a jazz bar, an Astronomic Observatory, Whale watching station and Cinema Paradiso – classic movies in an open environment that has proved a winning double feature in many Six Senses resorts. Leisure activities will by the very nature of the location focus on water activities, but will also include tennis and an eco-friendly golf course.

A signature feature of Six Senses Salt Cay will be the Six Senses Spa. A team of highly skilled international therapists will take guests on sensory journeys with Six Senses’ a la carte and local salt-inspired treatments for balancing the senses. Visiting practitioners will bring unique talents to the spa, which will enlighten and inform guests on the various treatments that will create balance and harmony in their lives. A little luxurious pampering never goes amiss and will be on hand to complete the total relaxation experience.

"We are delighted to work with such an established and inspiring group as Six Senses and to be the first Six Senses resort in the Caribbean. They are the most highly awarded luxurious hotel and spa operator worldwide in the last decade. Our common environmental and community approach is not just a marketing tool but a true philosophy with deep involvement in all community initiatives.

Together we can bring not just a new brand to the Caribbean but an entirely new experience for our future guests with great benefits for the local community and throughout the Turks and Caicos Islands. A significant portion of our resort revenues will be reinvested to historical preservation, environmental and community programs and activities. We have a unique opportunity and we are fully dedicated to build and operate a unique and nature friendly resort on Salt Cay." said Mario Hoffmann, the owner of Salt Cay Devco.

We anticipate that the proposed opening date will be in 2013.

For further information please contact:
Salt Cay Devco Ltd
Regent Village A210, Providenciales, TCI
Tel: 1649 946 5052
Fax: 1649 946 5056
info@saltcay.com
www.saltcay.com

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