Dart has entered into an agreement to buy the Comfort Suites Seven Mile Beach hotel, according to a statement from Dart and hotel owner Seven Mile Suites Ltd.
“This decision marks a new chapter for the hotel,” said Gary Rutty, managing director of Seven Mile Suites Ltd. “We have built a great business over almost 20 years due to the efforts of our dedicated staff and management team. We are proud that Dart sees the value in our business, which continues to deliver an excellent product and service to our guests, and feel this is an exciting outcome for the future of the hotel.”
According to the news release, about 90% of the Comfort Suites hotel staff are Caymanian, and “all existing staff will be offered the opportunity to continue employment under the new ownership”.
Dart Chief Executive Officer Mark VanDevelde said, “With the planned purchase of Comfort Suites Seven Mile Beach, we can ensure a range of accommodation offerings for a variety of visitor demographics.
“We recognise the strength of the hotel’s performance and the dedication of its staff and management team towards its continued success.”
Dart built and opened the Kimpton Seafire Resort in 2016 and purchased The Ritz-Carlton, Grand Cayman, in 2017. The company purchased the former Hyatt hotel and Grand Cayman Beach Suites resort in 2015, and recently renovated and reopened the latter.
In 2017, Dart purchased the Royal Palms property, which in the longer term is expected to be a part of the developer’s master plan for the expansion of Camana Bay, which includes a proposal for a new hotel.
Dart also owns the Paradise Villas resort in Little Cayman and this year announced it was acquiring Cayman Brac resort Le Soleil d’Or.