Grand Cayman Marriott Beach Resort up for sale

CBRE Hotels has been tapped to market the Grand Cayman Marriott Beach Resort for sale, reports the Caribbean Journal. The 295-room, five-story property is located on 300 feet of beachfront on Seven Mile Beach in Grand Cayman. A possible sale price was not disclosed.

CBRE Hotels’ Christian Charre, Paul Weimer and Natalie Castillo are marketing the property, along with BluePoint’s Fleur Vagniez.

“The Cayman Islands are one of the most popular destinations in the Caribbean, renowned for its beautiful beaches, world-class diving and off-shore banking sector,” said Weimer, VP of CBRE Hotels. “This a fantastic opportunity for a value-add investor to capitalize on strong market fundamentals and acquire the most desirable resort in Grand Cayman at a significant discount to replacement cost. There are also no more developable tracts of land on Seven Mile beach, making this a truly irreplaceable property.”

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The property, first built in 1990, last underwent a $15.6-million renovation of rooms and public spaces that wrapped at the end of last year.

Suggested Articles

The Peppers Airlie Beach resort in north Queensland is up for sale via an International expressions of interest campaign.

Ahead of the Mediterranean Resort & Hotel Real Estate Forum, Atrium Hotels' Athinagoras Konstantinidis discusses hotel opportunities and challenges.

The Radisson Red Miraflores has 100 guestrooms, a games studio and a fitness center.