Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise and related agreements with Pageant Beach Hotel Ltd. for the 351-room Grand Hyatt Grand Cayman Hotel & Residences. The hotel will be managed by an affiliate of Aimbridge Hospitality, one of the largest independent hotel investment and management firms in North America and the Caribbean.
“We are delighted that the Grand Hyatt brand is expanding in the Caribbean, and especially in Grand Cayman where the hospitality and tourism sector is primarily aimed at the luxury market,” said David Tarr, senior vice president of development for Hyatt. “The opening of this hotel will be a great addition to this popular destination, and marks the welcome return of the Hyatt brand to the Cayman Islands. Guests will experience welcoming luxury and best-in-class restaurants at Grand Hyatt Grand Cayman Hotel & Residences, while also creating memorable experiences in this breathtaking destination.”
Grand Hyatt Grand Cayman Hotel & Residences will be located on a premium 7.1-acre site on Seven Mile Beach, an award-winning destination that is recognized as the focal point for tourists and local community activities. Situated along the southern end of West Bay Road, the hotel and residences will be located less than one mile away from George Town’s city center and only 10 minutes from Owen Roberts International Airport.
“Pageant Beach Hotel Ltd. is excited to be developing what we know will be a sought-after vacation and meeting destination, with the Grand Hyatt brand’s signature grandeur, authentic dining experiences and memorable moments of more,” said Howard Sitzer, chairman of Pageant Beach Hotel Ltd. “Grand Hyatt Grand Cayman Hotel & Residences will represent a unique concept in the Cayman Islands for international leisure travelers and groups looking for the ideal combination of luxury, comfort and function in their resort experience.”
Grand Hyatt Grand Cayman Hotel & Residences will offer 351 guestrooms, studio suites, and, one, two, and three-bedroom layouts along a seafront eco-walk that will celebrate the diverse ecology of Grand Cayman. Additional amenities include six distinct food and beverage venues, a 9,000 square feet destination spa and fitness center, three swimming pools, retail shops, kids club, and a state of the art screening room. The resort is planned to have 25,000 square feet of indoor meeting and event space, which will make it the largest function space in the Cayman Islands. An affiliate of Pageant Beach Hotel Ltd. will offer a rental program for the residences that will allow participating owners, when not occupying their residences, to have Grand Hyatt Grand Cayman rent their residences to hotel guests.
“Aimbridge Hospitality is honored to collaborate with Hyatt on this incredible Grand Hyatt Grand Cayman resort to enhance the guest experience and boost revenue,” said President and Chief Executive Officer Dave Johnson, Aimbridge Hospitality. “We are proud to expand our Caribbean resort portfolio, and our team looks forward to providing the ultimate vacation experience for our guests.”
Grand Hyatt Grand Cayman Hotel & Residences will mark the return of the Hyatt brand to Grand Cayman, an island with a number of natural attractions including the blow holes in the East End district, the Mastic Trail that runs north to south through the center of the island, the Hell limestone formations in the West Bay, and the Queen Elizabeth II Botanic Park. Watersports, such as scuba diving and snorkeling, are popular activities on Grand Cayman as the island is known for its coral reefs and underwater sea walls along with a number of world-class shipwreck dive sites.
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