1 
Virgin Islands Economic Development Commission 
Public Hearing of Thursday, April 16, 2026 
Summary 
During the Virgin Islands Economic Development Commission (“VIEDC”) Public Hearing on 
Thursday, April 16, 2026, the VIEDC Governing Board heard one (1) application presentation as 
follows: 
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APPLICATIONS:
• Historic Heritage Holdings, LLP  – New Application
[Category III – Hotel/Guesthouse; Investment: $11,000,000; Jobs: 5; Location: St. Croix, VI] 
Historic Heritage Holdings, LLP (“Historic Heritage”) seeks VIEDC tax incentive benefits as a 
Category III – Hotel/Guesthouse. 
On February 5, 2026, Historic Heritage filed an application with the Virgin Islands Economic 
Development Commission (“VIEDC”) for tax incentive benefits as a Category III – Hotel/
Guesthouse. Historic Heritage shall develop, construct, and own a boutique hotel 
and amenities normally associated with a hotel to be located on St. Croix. Historic Heritage 
shall also own and operate a Category IV designated service business providing venture 
capital management and investment and family offices. Historic Heritage shall invest 
for its own account. Historic Heritage’s clients shall be located outside the USVI. Historic 
Heritage has established four (4) wholly owned, disregarded entities Z Property VI LLC; Z 
Hospitality I LLC; Z Hospitality II LLC; and 3 Hospital Street LLC to hold title to the parcels 
comprising the hotel property; and Stay At Uptown LLC, which will become the operating 
entity for the hotel. Historic Heritage may establish more wholly owned, disregarded 
subsidiaries through which it may carry out the above business activities. Historic Heritage 
is located on the island of St. Croix. 
Historic Heritage commits to employing a minimum of 10 full-time employees within one (1) 
year of receipt of the Certificate of Occupancy from the Department of Planning and Natural 
Resources or one (1) year from the date the Chairman signs the VIEDC Certificate, 
whichever is later for Phase I. Further, Historic Heritage commits employing a minimum of 
20 full-time employees upon commencement of Phase II of the hotel operations.  Historic 
Heritage also commits to investing a minimum capital investment of $11,000,000 in the 
benefited business.  Historic Heritage further agrees to meet all statutory and special 
conditions, and other applicable requirements for the grant of tax incentive benefits.