The island is privately owned. In 1963 Haze Richardson and Doug Terman chartered their 77’ schooner "Jacinta" to Mr. H.W. Nichols, Jr. and family. During this three-week cruise, Mr. Nichols expressed interest in purchasing an island and building a small hotel. Richardson and Terman concentrated their search on the Grenadines island chain, eventually arranging the purchase of Petit St. Vincent from a woman on Petit Martinique. The two men oversaw the construction of the 22 cottage resort on the behalf of Nichols, who asked Richardson to stay on as manager. Richardson accepted this offer and never left the island, becoming owner after Nichols’ death in 1985.