351-key Grand Hyatt Grand Cayman Hotel & Residences to be developed
on famous Seven Mile Beach and expected to be completed in Q4 2020
CHICAGO--(BUSINESS WIRE)--
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.
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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. (Photo: Business Wire)
“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.
For more information, please visit grandhyatt.com.
About Grand Hyatt
Around the world, Grand Hyatt hotels unlock the extraordinary in every
moment by creating experiences beyond expectation. Located at the
crossroads of local culture and global business within major gateway
cities and resort destinations, each Grand Hyatt hotel is uniquely
designed to reflect its own distinct environment and provides a hub for
travelers and locals alike. Grand Hyatt hotels exemplify the pursuit of
life lived grandly offering guests superior service, first-class
accommodations and an abundance of options within a multicultural
backdrop of dramatic architecture and innovative design. Grand Hyatt
properties boast inventive restaurants, luxury spas, fitness centers,
and business and meeting facilities. Grand Hyatt hotels stand to make
every moment memorable through their commitment to living grand every
day. For additional information or to make a reservation, please visit grandhyatt.com. Follow
@GrandHyatt on Facebook
and Instagram,
and tag photos with #GoGrand.
About Pageant Beach Hotel Ltd.
Pageant Beach Hotel Ltd. is a Cayman Islands company formed as a joint
venture between Grand Cayman based HHG (Howard Hospitality Group) – www.howardhg.com
- and New Jersey based Madison Hill Properties specifically for the
development of Grand Hyatt Grand Cayman on Seven Mile Beach. HHG is a
specialist value-added developer and operator of prime-located
hospitality assets, and Madison Hill Properties is a residential and
mixed-use property developer.
About Aimbridge Hospitality
Aimbridge Hospitality is the nation’s largest independent hotel
management firm with a proven track record for delivering superior
returns for its strategic partners in a variety of markets and economic
cycles. Aimbridge provides property management, asset management,
development, renovation and consulting services. Based in Dallas, Texas
and with offices in Chicago and Puerto Rico, Aimbridge currently owns
and/or manages approximately 700 upscale, independent and branded hotels
with more than 85,000 rooms across the United States and the Caribbean.
For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 13 premier brands. As of
September 30, 2017, the Company's portfolio included 739 properties in
57 countries. The Company's purpose to care for people so they can be
their best informs its business decisions and growth strategy and is
intended to create value for shareholders, build relationships with
guests and attract the best colleagues in the industry. The Company's
subsidiaries develop, own, operate, manage, franchise, license or
provide services to hotels, resorts, branded residences and vacation
ownership properties, including under the Park Hyatt®, Miraval®,
Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The
Unbound Collection by Hyatt™, Hyatt Place®,
Hyatt House®, Hyatt Ziva™,
Hyatt Zilara™ and Hyatt Residence
Club® brand names and have locations on six continents. For more
information, please visit www.hyatt.com.
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Source: Hyatt Hotels Corporation