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Potential Five-Star Resort

Travel & news discussion about the Cayman Islands

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Potential Five-Star Resort

Postby KarenS » Tue Jun 20, 2006 9:05 am

From Cayman Net News:

The recent purchase of the 300 acres of land just north of the Cayman Islands Yacht Club and Salt Creek to the tune of US$100 million, by American Developer Stanley Thomas is creating a buzz in the real estate market. This same developer has also purchased 1500 feet of Seven Mile Beach property. By comparison the Hyatt has 220 feet of oceanfront and the Marriott has 330 feet so 1500 feet is huge.

Industry experts are speculating that this potential resort development will include an 18-hole golf course, marina, residential frontage and beachfront villas. And it will be built to five-star standards that will far outsize The Ritz-Carlton, which is currently the largest resort development in the country to date.


For more on this article go to:
http://www.caymannetnews.com/cgi-script ... 003034.htm
Karen for Caribbean-On-Line.com
KarenS
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