The Grand Hotel, now known as GRAND GALLERIA, was built in 1839, opened as The Commercial Hotel & Coffee House on May 14, 1840, and operated as a functioning hotel until 1975. The original hotel building is one of the oldest structures on St. Thomas and ranks as one of the most valuable and significant buildings in the historic district of Charlotte Amalie. The building was deeded to A.H. Lockhart on June 29, 1914, and has stayed in the Lockhart family, and ultimately the Lockhart family business, ever since.

In 1993, renovations began on the entire square block of four two-story buildings totaling 25,000 square feet making up the “hotel” to enhance the historical significance of the site. With a new name, GRAND GALLERIA, to emphasize the transition into an attraction of upscale shopping and offices rather than a hotel, the renovations were completed in 2000 with Diamonds International and Del Sol as the anchors. The Virgin Islands Children’s Museum opened in the fall of 2015 as the largest tenant. It occupies the entire second floor of the main building and incorporates many of the original features and ambience of the hotel including several hotel rooms, the ballroom, and kitchen to suit their concept. An eatery, Jen’s Island Café and Deli, which has an enormous local and tourist following is also located on property.

Lockhart Realty, Inc., the largest owner of shopping centers in the U.S. Virgin Islands, owns and manages six shopping centers on St. Thomas (Drake’s Passage, Grand Galleria, Fort Mylner Shopping Center and Commercial Center, Red Hook Plaza, Market Square East and Lockhart Gardens Shopping Center) and one shopping center (Orange Grove shopping Center) on St. Croix.

Approximately 320 acres of undeveloped real estate zoned for commercial and residential development is owned by Lockhart Realty, Inc., and is located either adjacent to the primary business and tourist district on St. Thomas or on the main highway connecting downtown and the eastern end of St. Thomas.

The parent company, Lockhart Companies Incorporated, together with its subsidiaries, also owns and operates several insurance companies and a financial services company. The outstanding shares of stock of Guardian Insurance Company, Inc. and Heritage Insurance Limited were purchased in 1998.

Founded in 1884 by Alfred H. Lockhart, a progenitor of the current controlling shareholders, the Company was incorporated in 1936.