1 
 
Virgin Islands Economic Development Commission 
Public Hearing of Tuesday, May 27, 2025 
Summary 
 
During the Virgin Islands Economic Development Commission (“VIEDC”) Public Hearing on 
Tuesday, May 27, 2025, the VIEDC Governing Board heard one (1) application presentation as 
follows: 
 
❖ APPLICATIONS: 
 
•  DV USVI Investment LLLP  – New Application 
 
[Category III – Hotel; Investment: $103,500,000; Jobs: 150; Location: St. Thomas, VI] 
 
 
DV USVI Investment LLLP (“DV USVI”) seeks VIEDC tax incentive benefits as a Category III – 
Hotel/Guesthouse. 
 
On July 15, 2024, DV USVI filed an application with the Virgin Islands Economic Development 
Commission (“VIEDC”) for tax incentive benefits as a Category III – hotel/guesthouse.  DV 
USVI shall own, construct, and develop a resort and amenities normally associated with a 
hotel to be located on Estate Smith Bay property.  DV USVI shall invest its own money to fund 
the acquisition and renovation of project property. DV USVI plans include 300 spacious guest 
rooms in two (2) buildings, a third building will house administrative offices and the 
conference and banquet facilities, a fourth building will contain the Wellness Center, and the 
fifth building will be devoted to infrastructure. The hotel will offer four (4) pools, a waterpark, 
banquet and conference facilities, and a wedding deck to round out the outdoor facilities. 
 
DV USVI commits to employing 150 full-time employees within one (1) year of 
commencement of hotel operations.  DV USVI also commits to invest a minimum capital 
investment of $103,500,000 in the benefited business.  DV USVI further agrees to meet all 
statutory and special conditions, and other applicable requirements for the grant of tax 
incentive benefits. DV USVI s is located on the island of St. Thomas.