The group behind the planned Margaritaville resort has bought a second property on the Seven Mile Beach strip, which it plans to transform into a boutique hotel aimed at business visitors.
“It’s going to be a new brand introduced by the Howard group. We’ve been calling it Project X.”
Now the Howard Hospitality Group, which is close to completing the renovation of the old Treasure Island property, has bought the property.
The three-story building on West Bay Road, near the intersection with Lawrence Boulevard, was built as a small hotel by the previous owner, but never opened.
James Stephen, the group’s director of sales and marketing, confirmed the group aims to renovate the property and open a 42-room hotel. He said there would also be retail and restaurant space on the ground floor.
The Howard group has established an office in Grand Cayman and is looking at other potential development opportunities.
It aims to open Margaritaville early next year. The business hotel is slated to open later in 2017.
Mr. Stephen said, “A lot of what we needed was already in place. The building is in good shape. It’s in a great location close to downtown, close to the beach and the resorts and to Camana Bay. It’s a good place for a hotel aimed at business visitors.”
Though the hotel is close to the Margaritaville site, it will not be part of the resort.
“It’s going to be a new brand introduced by the Howard group. We’ve been calling it Project X for a little while.”
The site, next to the Laguna del Mar complex, was granted planning permission in 2000 as a 40-room hotel with swimming pool and restaurant. Though the structure was built, a hotel never opened on site and the property was sold.
In a separate development this week, the Howard group announced the opening of its Cayman office and the hiring of several on-island directors.
“We’re thrilled to expand our global presence and to have a new office in Grand Cayman, supporting our aggressive growth program,” said Michael Wilkings, chief operating officer of HHG. “Grand Cayman is in the midst of a major evolution with the hospitality and tourism sectors on a major upswing.”