‘Time to move on’ for boutique hotel
The Cotton Tree, one of Cayman’s few boutique hotels, will close its doors at the end of the month.
The Caymanian-owned and operated hotel, comprising four seaside cottages on Conch Point Road in West Bay, opened to great acclaim in 2008.
Owner Heather Lockington said the hotel was doing well and continued to get rave reviews from customers, but she said she was closing because it is “time to move on.”
“I am happy I was able to create such a beautiful gem that people have so enjoyed, such a great accomplishment, and I’m so very proud being a Caymanian owner of such a wonderful true Caymanian hospitality business,” she said.
“However, it’s now time to move on and [I’m] looking forward to another exciting venture in the future.”
The hotel is taking bookings through to April 30. It has been listed for sale by Savills real estate agents, with an asking price of US$5.7 million.
Ms. Lockington said it is being sold as a private residence or estate rather than as a hotel. She said the Cotton Tree business and brand are not for sale. A listing for the property on Savills’s website states, “The property would make an excellent multi-family holiday getaway or personal estate.”
The hotel, near Barkers Beach, was designed by the architect and interiors team at MJM, led by Michael and Joelle Meghoo.
Ms. Lockington, who ran the business with her sister and a small team of Caymanian employees, said she was touched by the comments and testimonials from guests since announcing the hotel would close.
Rated as a top hotel
The property was recognized as one of the Caribbean’s top hotels by travel review website TripAdvisor in its 2014 awards. Ms. Lockington said the hotel was built from scratch on family land. She said she had seen similar, small boutique-style hotels in other parts of the Caribbean but not in Cayman.
“We created a wonderful place that touched a lot of people and we are proud of that,” she added.