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The Palms Turks & Caicos - our Escrow Champion of the Month

We are delighted to showcase Turks & Caicos’ award-winning resort, The Palms, as our Escrow Champion of the Month. The hotel recently accepted to have advance deposits for an incentive program held in escrow until the event takes place in 2021.

As the premier resort on the beautiful island of Turks & Caicos, in the Caribbean, The Palms has proudly earned many accolades and awards. It is nestled on Grace Bay Beach—consistently ranked amongst the most beautiful white sand beaches in the world. Guests of The Palms enjoy world-class amenities, including a 25,000 square foot spa, state-of-the-art infinity pool, remarkable architecture, fine dining, boutique shopping, and Grace Bay’s sparkling turquoise waters. The Palms is the perfect choice to host your boutique incentive program or corporate meeting.

Joanne Hogg, Director of Travel Industry Sales at The Palms Turks & Caicos, welcomed the idea of accepting our Escrow solution. She was intrigued by the concept, understanding that client deposit funds are held in a secure trust account with Meeting Escrow until program delivery. Joanne said the hotel finance team was reassured by the fact that although they wouldn’t have the funds in their own bank account, they would get copies of the monthly bank statements showing the escrow trust account balances. The fact that her accounts receivable and conference service departments wouldn’t have to spend their time tracking deposits was a dream. And to top it off, there was the added benefit that payments are sent by wire transfer with all wire and bank fees paid by Meeting Escrow.

Joanne’s quick-to-respond nature has made the hotel and escrow process a very smooth one for our client. We look forward to a continued relationship with Joanne and her team at The Palms Turks & Caicos.

We highly recommend The Palms Turks & Caicos as an amazing resort that is also in tune with their clients’ financial risk management needs.

Thank you for being our Escrow Champion of the Month.

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