GRACE BAY, TURKS AND CAICOS / ACCESS Newswire / May 1, 2025 / Andaz Turks & Caicos, a highly anticipated addition to the Caribbean's lifestyle hospitality scene, is delighted to announce the appointment of Stephen Meredith as General Manager. With more than 20 years of global experience managing luxury properties across Africa, Europe, the Middle East, and Southeast Asia, Meredith's leadership represents a key milestone as the resort prepares for its grand opening in early 2026.
Visionary Leadership for a Transformative Resort
"I am thrilled to join the Andaz Turks & Caicos team at such an exciting and pivotal moment in the resort's journey," said Meredith. "This property holds incredible potential in the Caribbean and I look forward to working closely with our talented team, the local community, and our partners to create a destination that resonates deeply to all."
Meredith's appointment underlines the transformative vision and potential of Andaz Turks & Caicos. Thierry Guillot, Senior Vice President, Operations, Latin America and the Caribbean, Hyatt, expressed his enthusiasm for the new leadership, stating, "Stephen's exceptional leadership, global expertise, and proven ability to deliver transformative results make him the ideal leader. With Stephen at the helm, we are confident that Andaz Turks & Caicos will set a new benchmark for hospitality in the Caribbean, delighting guests and fostering strong connections with the community."
Strengthening the Team for Opening
Accompanying Meredith will be Adelphine Pitter, an accomplished local professional who joins the team as Director of Operations. Pitter's distinguished career includes leadership roles at renowned properties such as Grace Bay Club and West Bay Club where she gained recognition from prestigious publications and enhanced operational performance. Her role at Andaz Turks & Caicos will be pivotal in ensuring a successful opening, leveraging her deep knowledge of the local community.
Building Momentum for an Unparalleled Resort Experience
The appointment of Meredith and Pitter reflects significant progress toward the resort's opening and emphasizes the confidence as a world-class destination. Situated on the pristine Grace Bay Beach with direct access to Bight Reef, Andaz Turks & Caicos will feature 59 resort keys and 73 luxury residential units. Amenities will include three dining concepts, an elevated rooftop, full-service spa with a sauna and cold plunge, racquet sports centre and more. As construction progresses, prospective buyers are encouraged to explore the resort's unique real estate opportunities. With strong leadership in place and steady development underway, now is the ideal time to invest in this landmark project.
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About Andaz Turks & Caicos
Set to debut in early 2026, Andaz Turks & Caicos at Grace Bay will offer a premier five-star experience as the first Hyatt property in the Turks & Caicos Islands. The resort will feature 59 resort keys and 73 residential units, complemented by world-class amenities, including three dining venues, a pool bar, a state-of-the-art fitness centre, full-service spa with a sauna and cold plunge circuit, and a kid's activity club. For more information, visit www.andaztcresidences.com.
About Andaz
Global in scale while local in perspective, the Andaz brand empowers self-expression and stimulates guests' curiosity through imaginative travel for a distinctively local experience. Through thoughtful, unscripted service tailored for travelers, Andaz hotels enable guests to go beyond the familiar to discover and define their personal essence while immersing themselves in the spirit of the eclectic culture around them. Currently, there are 29 Andaz hotels open: Andaz 5th Avenue in New York, Andaz San Diego, Andaz West Hollywood, Andaz Napa, Andaz Scottsdale Resort & Bungalows, Andaz Savannah, Andaz Maui at Wailea Resort, Andaz Munich Schwabinger Tor, Andaz Ottawa ByWard Market, Andaz Mayakoba Resort Riviera Maya, Andaz Mexico City Condesa, Andaz Costa Rica Resort at Peninsula Papagayo, Andaz London Liverpool Street, Andaz Amsterdam Prinsengracht, Andaz Prague, Andaz Singapore, Andaz Bali, Andaz Pattaya Jomtien Beach, Andaz Delhi, Andaz Xintiandi in Shanghai, Andaz Shenzhen Bay, Andaz Tokyo Toranomon Hills, Andaz Seoul Gangnam, Andaz Capital Gate Abu Dhabi, Andaz Dubai The Palm, Andaz Xiamen, Andaz Vienna Am Belvedere, Andaz Nanjing Hexi and Andaz Macau For more information, please visit andaz.com. Follow @Andaz on Facebook, X and Instagram, and tag photos with #WhenInAndaz.
Media Contacts:
Bianca Flores, Manager, Field Communications
bianca.flores@hyatt.com
Amanda Brown, Manager, Marketing
amanda@andaztcresidences.com
Available for Interview:
Thierry Guillot, Senior Vice President, Operations, Latin America and Caribbean, Hyatt
Stephen Meredith, General Manager, Andaz Turks & Caicos
Forward-Looking Statements
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about the Company's plans, strategies, outlook, the number of properties we expect to open in the future, the expected timing and payment of dividends, the Company's 2025 outlook, including the Company's expected System-wide Hotels RevPAR Growth, Net Rooms Growth, Net Income, Gross Fees, Adjusted G&A Expenses, Adjusted EBITDA, Capital Expenditures, and Adjusted Free Cash Flow, the proposed Playa acquisition and our ability to consummate and finance the acquisition, method of financing the acquisition, outcomes of the proposed acquisition, including impact on asset-light earnings mix, our ability to reduce our owned real estate asset base within targeted timeframes and at expected values, financial performance, prospective or future events and involve known and unknown risks that are difficult to predict. As a result, the Company's actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and the Company's management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the effects that the announcement or pendency of the proposed Playa acquisition may have on us, Playa and our respective business and ability to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom we or they do business; inability to obtain required regulatory or government approvals or to obtain such approvals on satisfactory conditions; inability to obtain sufficient stockholder tender of Playa ordinary shares, stockholder approval or to satisfy other closing conditions; inability to obtain financing; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreement; the effects that any termination of the definitive agreement may have on us or our business; failure to successfully complete the proposed acquisition; legal proceedings that may be instituted related to the proposed acquisition; significant and unexpected costs, charges or expenses related to the proposed acquisition; risks associated with potential divestitures, including of Playa real estate or business; ability or failure to successfully integrate the acquisition with existing operations; ability to realize anticipated synergies or obtain the results anticipated; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geopolitical conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as hurricanes, earthquakes, tsunamis, tornadoes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve specified levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of our real estate assets; unforeseen terminations of our management and hotel services agreements or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and manage the Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; and violations of regulations or laws related to our franchising business and licensing businesses and our international operations; and other risks discussed in the Company's filings with the SEC, including our annual reports on Form 10-K and quarterly reports on Form 10-Q, which filings are available from the SEC. All forward-looking statements attributable to the Company or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We do not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
SOURCE: Andaz Turks & Caicos
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