By the Caribbean Journal staff

A major new condo-hotel project is coming to the Bodden Town area of Grand Cayman.

The project comes as a result of an agreement between the government of the Cayman Islands and Beach Bay Land Limited.

The estimated $200 million project could be another boon for the island’s Eastern Districts, which most recently saw the debut of the much-celebrated Health City healthcare hub.

“We recognize – no, we know – that all of our districts have to be a part of the sustainable development that epitomizes the economic future of the Cayman Islands,” said Cayman Premier Alden McLaughlin. “This development is going to be one of the largest of its kind east of Seven Mile Beach for which the Cayman Islands is so popular.”

The project will include a five-star hotel at St James Point in Bodden Town, the first of its kind in the area.

“This is the first major hotel and condo development for Bodden Town, helping us fill out needed hotel room stock giving our visitors a tranquil experience away from the hustle and bustle of George Town and Seven Mile Beach,” the Premier said.

See the top Grand Cayman hotels.