Cayman Islands: Grand Hyatt Opens and a New Development Era Begins on Seven Mile Beach

Kingston, Jamaica — 24 February 2025

Seven Mile Beach in Grand Cayman is entering a new phase of luxury development with the near-completion of the Grand Hyatt Grand Cayman Hotel and Residences, which is set to become the first five-star international hotel brand to open on the island in two decades. Meanwhile, the launch of the Hyatt Centric Grand Cayman Residences, announced in June 2025 on the former Margaritaville site, signals that the pipeline for premium branded properties on one of the Caribbean’s most valuable beachfront addresses is far from finished.

The Grand Hyatt: A Landmark Opening

The Grand Hyatt Grand Cayman Hotel and Residences is located on a 7.1-acre site on Seven Mile Beach, between The Wharf Restaurant and the Poinsettia condominiums on West Bay Road. The property will deliver 190 hotel guest rooms, 88 condo-hotel guest rooms, and 76 one, two, and three-bedroom condo-hotel suites, totalling 354 units. Amenities include six restaurants, three resort-style swimming pools including an in-ocean saltwater lagoon pool, a 12,000-square-foot destination spa and fitness centre, and more than 25,000 square feet of indoor and outdoor function and event space. The development is being constructed by Americaribe LLC, a subsidiary of Bouygues Construction, in partnership with LG Contracting as general contractor, with Sterling Global Financial Group and Pageant Beach Hotel Ltd as developer.

The Cayman Compass reported that construction near completion at the start of 2025, with opening expected in mid-2025. With over 80 per cent of the residential units sold during the construction period, the Grand Hyatt represents a significant absorption of premium beachfront product by a market that has demonstrated consistent and strong demand from both owner-occupier and investor buyers.

The Next Development: Hyatt Centric Residences

Even as the Grand Hyatt was approaching completion, a new development was being launched on the adjacent former Margaritaville Hotel site. The Hyatt Centric Grand Cayman Residences, announced in June 2025, will be a 10-storey boutique-style resort comprising 316 studios, one-bedroom and two-bedroom residences, starting at 675,000 US dollars per unit during the pre-construction phase. Amenities include a rooftop restaurant, bar and lounge with panoramic sea views, a large freeform pool with full-service bar, a fitness studio, and ground-floor retail and dining. Construction is planned to begin in early 2026, with completion targeted for 2028.

Real estate broker Kim Lund of RE/MAX noted that with limited beachfront land available and new sites extremely difficult to acquire, these developments will represent the last significant new inventory on Seven Mile Beach for the foreseeable future. This scarcity dynamic is expected to underpin strong resale values as future buyers find diminishing options for new branded beachfront product.

A Wider Development Wave

The Grand Hyatt and Hyatt Centric developments are part of a broader 2025-to-2030 pipeline that is adding significant new luxury hospitality and residential capacity to Grand Cayman. The Mandarin Oriental Grand Cayman, a 67-acre beachfront resort at St James Point, is being developed with 100 hotel rooms and 89 branded residences. Other projects include the Barefoot Beach Eco-Resort in East End, featuring 89 solar-powered cottages, and the Kailani by Hilton Curio Collection hotel between George Town and Seven Mile Beach. Together these projects represent the most concentrated development activity on the island since the construction of its original premium resort corridor.

For the Caribbean region, the depth and diversity of the Cayman Islands’ development pipeline confirms its position as the region’s premier destination for high-net-worth residential and hotel investment. The combination of no-tax environment, British Overseas Territory governance, world-class amenities, and consistently rising property values has created a self-reinforcing cycle of investment that no other Caribbean jurisdiction has fully matched in the luxury segment.

Source: Cayman Compass, 2025