Mandarin Oriental Group will manage a resort and residences on Grand Cayman in the Caribbean scheduled to open in 2021.
Mandarin Oriental, Grand Cayman—the group’s second deal in the Caribbean—will be a 100-room beachfront resort with 89 branded Residences at Mandarin Oriental. The resort will be on 67-acre site at St. James Point on the southern shore of the island near the airport.
“We are delighted to announce this exciting new project, which will be the Group’s second property in the Caribbean and a fitting extension to our growing global resort portfolio,” James Riley, group chief executive of Mandarin Oriental Hotel Group, said in a statement. “The owner has assembled a spectacular site and has the long-term vision to create a unique resort experience that, together with Mandarin Oriental’s renowned service, will ensure an exceptional offering in Grand Cayman.”
Alternative investment company Melkonian Capital Management owns the project while New York-based RAL Development Services is the development partner. “We are pleased to partner with Mandarin Oriental to bring the most exclusive resort and branded residences to the Cayman Islands,” Ryan Melkonian, managing partner of Melkonian Capital Management, said in a statement. “We are creating a very special destination that we expect will be among the best in the Caribbean.”
The signing follows Mandarin Oriental’s deal with Canouan Development to manage and rebrand a hotel on Canouan Island in Saint Vincent and the Grenadines starting in November 2017. The property includes 26 suites, 12 villas and new Residences at Mandarin Oriental, which is scheduled to begin operating in 2020. The resort is on the east coast of the island on Godahi Beach near the Tobago Cays Marine Park, Barbados, St Lucia and the Grenadines.