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Caribbean-On-Line » Caribbean Travel News » Hotels » Turks & Caicos » Nikki Beach Resort & Spa in receiveship

Nikki Beach Resort & Spa in receiveship

Tough to see such a highly regarded property go under - but probably just too much debt:

Leeward Resort Ltd. - the owner of Nikki Beach Resort & Spa on Turks and Caicos Islands - has been placed into receivership, General Manager Jonathan Steers said.

Guests paid up to $3,000 a night to stay at the Caribbean resort that offered Bvlgari bath products and an infinity pool with beds resembling those of 19th century opium dens.

The Travel Channel this year rated the resort, which opened less than two years ago, No. 2 on its list of the 21 hottest Caribbean escapes.

It probably won't be long before the bank eats this loss and sells to someone - banks usually don't run hotels well...

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