Grand Hyatt Grand Cayman to open on Seven Mile Beach iin 2025
Oct 15, 2018, 12:37 am
#1
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Grand Hyatt Grand Cayman to open on Seven Mile Beach iin 2025
Just came across this announcement from February this year.
https://newsroom.hyatt.com/020118-Hy...n-Grand-Cayman
Great news: projected to open Q4, 2020
https://newsroom.hyatt.com/020118-Hy...n-Grand-Cayman
Great news: projected to open Q4, 2020
Oct 15, 2018, 8:29 am
#2
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Just came across this announcement from February this year.
https://newsroom.hyatt.com/020118-Hy...n-Grand-Cayman
Great news: projected to open Q4, 2020
https://newsroom.hyatt.com/020118-Hy...n-Grand-Cayman
Great news: projected to open Q4, 2020
Oct 15, 2018, 1:12 pm
#3
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Cannot wait. I love Grand Cayman, but I've grown tired of the SPG/MR properties there (minus the Ritz, which is just a bit out of reach for me)
Nov 11, 2018, 8:55 am
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https://www.tripadvisor.com/ShowTopi...n_Islands.html
Nov 12, 2018, 9:24 am
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Dec 30, 2019, 12:03 pm
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I was on Grand Cayman all last week (stayed at the Marriott) and walked past the proposed site of the Grand Hyatt. There is nothing going on there - no construction, equipment, etc. Q4 2020 does not sound realistic anymore. They are marketing the hotel as hotel condo units with each unit held by an individual investor owning the unit and opting the unit into the shared rental pool when not using it for themselves. Guess they need to hit a certain percentage of units to be sold before construction starts.
On a side note - has anyone evaluated the financials for these types of developments? On the face of it, it sounds nice to own a piece of Grand Cayman but after sharing ~50% of the rental revenue with the developer/management company, I wonder if the resulting revenue would even cover the mortgage, expenses, etc. A few blocks down the street there is a Hilton Curio Collection also raising money by selling the units
On a side note - has anyone evaluated the financials for these types of developments? On the face of it, it sounds nice to own a piece of Grand Cayman but after sharing ~50% of the rental revenue with the developer/management company, I wonder if the resulting revenue would even cover the mortgage, expenses, etc. A few blocks down the street there is a Hilton Curio Collection also raising money by selling the units
Jan 3, 2020, 11:22 am
#8
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I was on Grand Cayman all last week (stayed at the Marriott) and walked past the proposed site of the Grand Hyatt. There is nothing going on there - no construction, equipment, etc. Q4 2020 does not sound realistic anymore. They are marketing the hotel as hotel condo units with each unit held by an individual investor owning the unit and opting the unit into the shared rental pool when not using it for themselves. Guess they need to hit a certain percentage of units to be sold before construction starts.
On a side note - has anyone evaluated the financials for these types of developments? On the face of it, it sounds nice to own a piece of Grand Cayman but after sharing ~50% of the rental revenue with the developer/management company, I wonder if the resulting revenue would even cover the mortgage, expenses, etc. A few blocks down the street there is a Hilton Curio Collection also raising money by selling the units
On a side note - has anyone evaluated the financials for these types of developments? On the face of it, it sounds nice to own a piece of Grand Cayman but after sharing ~50% of the rental revenue with the developer/management company, I wonder if the resulting revenue would even cover the mortgage, expenses, etc. A few blocks down the street there is a Hilton Curio Collection also raising money by selling the units
Feb 4, 2020, 2:21 am
#9
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Looks like 2022 now...
By Caribbean Journal Staff
=inheritThe new Grand Hyatt Grand Cayman resort is targeting a debut in 2022, Caribbean Journal=inherit has learned. The new project on Grand Cayman’s Seven Mile Beach will also include a significant residential component, which has already launched sales.
The project was first announced in 2018.
Hyatt Hotels confirmed the opening date in a statement on the growth of its Americas brand portfolio.
The company is in the midst of a significant expansion push in the wider region, with plans for 33 percent portfolio growth in the Americas by 2022.
“Hyatt’s Americas growth through 2022 further signals incredible strength in our brand among owners, customers, and guests across the largest region within Hyatt’s global portfolio,” said Pete Sears, Americas group president, Hyatt.
It’s part of continued hotel growth in the Cayman Islands, which also has major hotels from Mandarin Oriental and Hilton in its development pipeline.
Grand Hyatt Targeting 2022 Debut in Grand Cayman
By Caribbean Journal Staff
=inheritThe new Grand Hyatt Grand Cayman resort is targeting a debut in 2022, Caribbean Journal=inherit has learned. The new project on Grand Cayman’s Seven Mile Beach will also include a significant residential component, which has already launched sales.
The project was first announced in 2018.
Hyatt Hotels confirmed the opening date in a statement on the growth of its Americas brand portfolio.
The company is in the midst of a significant expansion push in the wider region, with plans for 33 percent portfolio growth in the Americas by 2022.
“Hyatt’s Americas growth through 2022 further signals incredible strength in our brand among owners, customers, and guests across the largest region within Hyatt’s global portfolio,” said Pete Sears, Americas group president, Hyatt.
It’s part of continued hotel growth in the Cayman Islands, which also has major hotels from Mandarin Oriental and Hilton in its development pipeline.
Feb 4, 2020, 6:06 am
#10
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On a side note - has anyone evaluated the financials for these types of developments? On the face of it, it sounds nice to own a piece of Grand Cayman but after sharing ~50% of the rental revenue with the developer/management company, I wonder if the resulting revenue would even cover the mortgage, expenses, etc. A few blocks down the street there is a Hilton Curio Collection also raising money by selling the units
Last edited by TTT103; Feb 4, 2020 at 6:11 am
May 15, 2022, 11:41 pm
#12
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