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Cayman’s major hotels are shutting their doors, mirroring the three-week closure of the airport to passenger travel.
Cayman’s closure of its borders has sent the tourism industry into “free fall,” according to Premier Alden McLaughlin, who said at a press conference Monday that it is now up to the financial services industry to see the country through the upcoming months.
Several Cayman Islands hotels are seeing cancellations amid fears that anxiety over the coronavirus is having a chilling effect on global travel.
The Riviera hotelon South Church Street in George Town closed suddenly last week, with a bank giving employees two days’ notice before shuttering the hotel and bar and forcing out the dive shop by the end of the week, according to the owner of the dive shop and others familiar with the hotel.
In a rare court ruling concerning a planning dispute over a proposed apartment development along Grand Cayman’s Seven Mile Beach, a Grand Court judge has questioned planning regulations that, heretofore, have allowed for the development of structures higher than seven stories in hotel/tourism zones.
The owners of The Ritz-Carlton Grand Cayman want to sell, and the hotel is likely to go to market in April.
A children’s resort is being planned as part of a new tourism district surrounding Dart’s new hotels on Seven Mile Beach.
Average daily rates for Cayman’s hotels, significantly higher than most in the Caribbean, continue to rise, while average occupancy declines. But the premium price more than makes up for selling fewer nights.
Developer Dart Realty is seeking permission to remove “beach rocks” from shallow coastal waters off a Seven Mile Beach property where it is proposing to build a five-star hotel.
West Bay’s Cobalt Coast Resort and Suites was officially acquired by JEM Holdings Ltd. on Dec. 1, 2015 from owner Arie Barendrecht, who opened the resort in 2000. Dive operations are now managed by Reef Divers.