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Grand Hyatt Grand Cayman to open on Seven Mile Beach

Grand Hyatt Grand Cayman to open on Seven Mile Beach

Old Oct 15, 18, 12:37 am
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Grand Hyatt Grand Cayman to open on Seven Mile Beach

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
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Old Oct 15, 18, 8:29 am
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Originally Posted by travelexpert View Post
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
a rendering is here: https://www.flyertalk.com/forum/29368150-post821.html
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Old Oct 15, 18, 1:12 pm
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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)
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Old Nov 11, 18, 6:41 am
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Didn't Hyatt used to have a property at Grand Cayman? Seems like I've stayed there before, many years ago.
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Old Nov 11, 18, 8:55 am
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Originally Posted by CloudCoder View Post
Didn't Hyatt used to have a property at Grand Cayman? Seems like I've stayed there before, many years ago.
Looks like they used to, but then after a hurricane had some insurance issues?
https://www.tripadvisor.com/ShowTopi...n_Islands.html
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Old Nov 12, 18, 9:24 am
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Originally Posted by CloudCoder View Post
Didn't Hyatt used to have a property at Grand Cayman? Seems like I've stayed there before, many years ago.

Yes it was very nice. We stayed there (18 years ago!) and enjoyed it.

Glad they are expanding in the Caribbean.
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Old Dec 30, 19, 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
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Old Jan 3, 20, 11:22 am
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Originally Posted by crazyhorse View Post
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
Dang. I was hoping to stay there in 2021 as a potential honeymoon option. I love the Cayman Islands and know Hyatt would treat us exceptionally well for a special occasion.
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Old Feb 4, 20, 2:21 am
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Looks like 2022 now...

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 Caymans 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.

Hyatts Americas growth through 2022 further signals incredible strength in our brand among owners, customers, and guests across the largest region within Hyatts global portfolio, said Pete Sears, Americas group president, Hyatt.

Its part of continued hotel growth in the Cayman Islands, which also has major hotels from Mandarin Oriental and Hilton in its development pipeline.
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Old Feb 4, 20, 6:06 am
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Originally Posted by crazyhorse View Post
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
Investment can be tricky, so you really need to know what you are purchasing. Gone are the days of purchasing a resort property in Vail or Arizona with the hope of having renters pay off your mortgage, with little to nothing out fo your pocket. One thing you really need to watch are the association/management fees, and capital assessments. Who decides? Is there a board of owners, or does the developer decide?

Last edited by TTT103; Feb 4, 20 at 6:11 am
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Old May 15, 22, 10:59 pm
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Hyatt Grand Cayman Opening?

Has anyone heard when this hotel will be opening? Only thing I can find is summer 2022 but no firm date.
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Old May 15, 22, 11:41 pm
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@ moderators, please move here:

Grand Hyatt Grand Cayman to open on Seven Mile Beach
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Old May 19, 22, 8:28 am
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Originally Posted by travelbug007 View Post
Has anyone heard when this hotel will be opening? Only thing I can find is summer 2022 but no firm date.
2024, maybe.....
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Old May 20, 22, 4:03 pm
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Originally Posted by Tom M. View Post
2024, maybe.....
That's what Hyatt's development site is estimating.
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