Hyatt is expanding in the Caribbean with the signing of a new luxury property for Grand Cayman.
An agreement has been sealed 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.
Sited on a 7.1-acre site on famous Seven Mile Beach, the hotel will have six food and beverage venues, a spa and fitness center, three swimming pools, retail outlets and extensive meeting space.
"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 breath-taking destination."
The hotel is slated to open in 2020.
Hyatt will offer a rental management program for Residence owners.
"Pageant Beach Hotel Ltd. is excited to be developing what we know will be a sought-after vacation and meeting destination. Grand Hyatt Grand Cayman Hotel & Residences will represent a unique concept in the Cayman Islands for international leisure travelers and groups," said Howard Sitzer, chairman of Pageant Beach Hotel Ltd.
