The Nikki Beach brand was doing oh-so-well last year when we interviewed Eric Omores, one of the partners of Nikki Beach Group. In 1999, Omores joined Jack and Lucia Penrod in order to expand the Café Nikki concept into a festive daytime beach club on Ocean Drive in South Beach, which has expanded into 14 beach clubs across the globe. The Turks & Caicos locale, Nikki Beach Resort & Spa, complete with 48 rooms and suites with luxury amenities, opened in March 2008 (just two months after the interview), but it apparently didn’t do as well as planned.
While expansion plans included condominiums, a spa, casino and new restaurants, the resort has been closed after being open less than two years. Leeward Resort Ltd., the owner of the Nikki Beach Resort & Spa in Turks and Caicos, has been placed into receivership. The Nikki Beach brand will endure though, with resorts and restaurants around the world including Miami, New York and Thailand. According to Luxist, the British Caribbean Bank will manage the 430-acre resort and 110-slip mega-yacht marina in Turks & Caicos and is hoping for a buyer. Since the Four Seasons Exuma was recently snapped up by Sandals there’s reason to believe that their might be another hotel company willing to make a deal and pick up a resort that has been widely regarded as one of most exclusive in the Caribbean.