It has just started construction as of December 2019. This prestigious resort with be a “game changing” development for Seven Mile Beach. Early Purchasers that are buying now will reap the benefits of strong appreciation and rental income.
Just to put this in perspective, these Grand Hyatt condominiums are pre-selling, right now, at an average of only US$1,400 per square foot. Compare this per square foot cost, to recent sales within the last year, at a random summary below of other popular Seven Mile Beach condominium developments:
These are all current market sales values taken from our real estate association’s MLS system over the last year. This upside is real and prevalent across all the residences currently for sale at the Grand Hyatt and presents a huge opportunity for capital appreciation, as the Grand Hyatt progresses through construction.
Not only will the Grand Hyatt be Grand Cayman’s next 5 Star Internationally branded resort (Ritz-Carlton is the only other 5 star resort), but it will incorporate the most current building styles and cutting edge interior designs. Residences will have ten foot ceilings and nine foot sliding glass doors across the beachfront of their residence with an abundance of natural light. The views of the beach, coastline, Caribbean Sea, and George Town will be absolutely stunning!
The Grand Hyatt has been designed to offer owners rental flexibility and a wide range of residences – from a choice of Studios, 1, 2, and 3 bedroom residences (some with lock-off suites). Owners can use their residence for as much time as they desire - there is no restriction on the amount of time that you can stay in your residence, providing you are not going to rent it through the Grand Hyatt rental program.
If you decide to rent your residence through the rental program, you will be restricted to a maximum of 6 weeks of personal usage. Rental income is based solely on occupancy in your residence and is not pooled. This will be a great opportunity for a solid rental income return on investment, as well as strong capital appreciation over the next 5 to 10 years.
This amazing 5 Star Resort is selling extremely well. We are now over 70% sold already and activity will continue to ramp up as Cayman opens again for tourism after COVID-19.
Grand Cayman has been experiencing record breaking tourism, every month for the last few years, prior to COVID-19. It has been discovered as a rare, high quality, safe destination that new visitors are seeking and their families can appreciate. The ongoing boom in development and the infrastructure upgrades are continually improving the quality of life here – it gets better every year. The Grand Hyatt is an opportunity for you to capitalize on a very good investment, both financially and for your families’ future enjoyment.
Please contact me, so you don’t miss this very special opportunity. I can call you to discuss the best way to proceed, or we can meet if you are on island.
This will be our first Grand Cayman 5 Star International Resort, since the Ritz-Carlton was built over 15 years ago. If you look at the renderings and video for the Grand Hyatt, you will realize just how truly spectacular this resort development is going to be!