News

Grand Cayman Marriott Sold

By: Caribbean Journal Staff - December 23, 2015

Another Marriott changes hands

By Alexander Britell

Another high-profile Caribbean Marriott hotel has been sold.

The Grand Cayman Marriott Beach Resort has been purchased by Genbar Cayman Company, Ltd, in a deal arranged by CBRE Hotels.

CBRE Hotels’ Christian Charre, Paul Weimer and Natalie J. Castillo, along with Fleur Vagniez of Blue Point Consultants, represented Genbar Cayman Company in the deal.

Genbar Cayman Company is an affiliate of Gencom and The Private Equity Group.

The redesigned lobby at the Grand Cayman Marriott

The redesigned lobby at the Grand Cayman Marriott

“With strong airlift, amazing beaches, and a business friendly environment, travelers and investors continue to flock to Grand Cayman,” said Paul Weimer, vice president, CBRE Hotels. “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.”

The 295-room, five-story property is located on Grand Cayman’s Seven Mile Beach.

CBRE had listed the property for sale back in February of 2015.

The company is also marketing several Courtyard Marriott properties in the region for sale as well.

Terms of this deal were not disclosed.

Marriott also recently sold its Ritz-Carlton St Thomas resort for $64 million.

Popular Posts

The 10 Best Overwater Bungalows in the Caribbean, From Aruba to Belize

Overwater villas at Caribbean resorts aren’t just a novelty — they’re also among the most luxurious and beautiful accommodations you can stay in. And while all of the bungalows perched above the waves have their charms, some stand out among […]


United Airlines Is Launching New Nonstop Flights to Belize

river in belize

The river lodges. The blue hole. The Maya history. The reefs. If you haven’t been to Belize, you’re missing one of the Caribbean’s most beautiful, adventure-filled destinations.  And now with another new flight, it’s easier to get there than ever […]


A Tiny New Boutique Hotel Just Opened on a Pink Sand Beach in The Bahamas 

potlatch club pink sand with blue water

The pink sand, the historic cottages, the chic beach bars and luxe villas. You may be thinking of Harbour Island.  But this is another increasingly hip destination in The Bahamas: Governor’s Harbour, Eleuthera, which just welcomed a brand-new boutique hotel.  […]


Related Posts aruba rseort sustainability

This is Aruba's Top Honeymoon Resort, According to Travel Agents

With June weddings in the rearview and October matrimonies on the horizon, it’s time for agents to start looking for some October and November honeymoons. When it comes to the Dutch Caribbean island of Aruba, the resort choice is easy, […]


From Saint Lucia to Curacao, 4 Sandals All-Inclusive Resorts to Visit Now 

overwater bungalow with pool in view of hills

The lush natural beauty of Saint Vincent. The pervasive romance of Saint Lucia. The cosmopolitan Dutch Caribbaen energy of Curacao. The sugar-white sand in Saint Lucia.  We love summer in the Caribbean: warm waves by day and trade winds by […]


Preferred Hotels Just Added a New Los Cabos Resort 

los cabos

Preferred Hotels has added a new Los Cabos resort to its portfolio, Caribbean Journal has learned.  The company has added the newly-debuted Grand Velas Boutique Los Cabos to its Legend Collection, which now has more than 100 members across the […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You