DM Hospitality Transmittal, Lease Agreement — Budget, Appropriations and Finance, February 3, 2026
THE UNITED STATES VIRGIN ISLANDS OFFICE OF THE GOVERNOR RCUD SEN. PRESIDENT GOVERNMENT HOUSE So ES andes? Charlotte Amalie, V.I. 00802 340-774-0001 December 18, 2025 VIA HAND DELIVERY The Honorable Milton E. Potter Senate President Thirty-Sixth Legislature of the Virgin Islands Capital Building St. Thomas, Virgin Islands 00802 Re: Lease Agreement for Ratification by the Thirty-Sixth Legislature of the U.S Virgin Islands Dear Senate President Potter: Transmitted herewith in accordance are the provisions of Title 31, Section 205, subsection (c), Virgin Islands Code is the following Lease Agreement submitted for ratification by the Thirty- Sixth Legislature: Department of Property and Procurement and DM Hospitality, LLC (OLC No. 0051-2026). Under the proposed Lease Agreement, the Government will lease Parcel No. 2C Crystal Gade, Queen’s Quarter, St. Thomas, consisting of a 2-story building; and a portion of Parcel No. …
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THE UNITED STATES VIRGIN ISLANDS OFFICE OF THE GOVERNOR RCUD SEN. PRESIDENT GOVERNMENT HOUSE So ES andes? Charlotte Amalie, V.I. 00802 340-774-0001 December 18, 2025 VIA HAND DELIVERY The Honorable Milton E. Potter Senate President Thirty-Sixth Legislature of the Virgin Islands Capital Building St. Thomas, Virgin Islands 00802 Re: Lease Agreement for Ratification by the Thirty-Sixth Legislature of the U.S Virgin Islands Dear Senate President Potter: Transmitted herewith in accordance are the provisions of Title 31, Section 205, subsection (c), Virgin Islands Code is the following Lease Agreement submitted for ratification by the Thirty- Sixth Legislature: Department of Property and Procurement and DM Hospitality, LLC (OLC No. 0051-2026). Under the proposed Lease Agreement, the Government will lease Parcel No. 2C Crystal Gade, Queen’s Quarter, St. Thomas, consisting of a 2-story building; and a portion of Parcel No. 3 Crystal Gade, consisting of a 2-story building to DM Hospitality to operate a food and beverage management company with a bakery and deli, jewelry business management company, and other related purposes. The initial lease term is 30 years with the option to renew for two additional 10- year periods. This lease will provide much needed revenue for the Territory and foster continued economic growth. I thank you and the members of the Thirty-Sixth Legislature for your prompt action on this measure. Sincerely, Albert Bryan Jr. Governor