Grand Cayman Marriott sold; to remain a Marriott

The Grand Cayman Marriott, which has been on the market since February, has been acquired by UK investment group London & Regional for an undisclosed amount. The seller was the Genbar Cayman Company. Post-sale, the hotel will remain flagged as a Marriott. 

CBRE Hotels arranged the sale of the oceanfront resort located on 4.74 acres at Seven Mile Beach. “The hotel will continue to operate as it has in the past,” CBRE confirmed.

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

Paul Weimer, VP of CBRE Hotels, noted the strong demand of Grand Cayman due to its beaches and strong airlift.  

“Ownership did an excellent job shepherding this property through the downturn and positioning it for sale. Our buyer jumped on the opportunity to acquire a top property in a very supply constrained market,” he said.

London & Regional reportedly owns some 15 hotels from Europe to the Caribbean. Its holdings include the London Hilton on Park Lane and the Fairmont Royal Pavillion Barbados.

Suggested Articles

SVC plans to transfer the branding and management of 98 Marriott hotels to Sonesta.

Shortly after acquiring six hotel portfolios from Colony Capital, Highgate has assumed management of Trust Hospitality’s portfolio of 22 properties.

The Kelley House is one of the five oldest hotels in the U.S., taking up six buildings in Edgartown, Mass.