For a better experience on Blue Point Consultants Ltd, update your browser.

Westin and Sunshine Suites Grand Cayman

Hotel For Sale

Property Description

CBRE and Blue Point Consultants Ltd are proud to present the Westin Grand Cayman Seven Mile Beach Resort & Spa and the Sunshine Suites Resort. Highly profitable and situated along the most prized expanse of the Caribbean's top-rated beach, this renovated 474-key resort complex offers tremendous upside potential in the safest and most affluent jurisdiction in the region. Newly renovated – Having invested $47 million into a full renovation of guestrooms, common areas, and infrastructure in late 2017, the Westin is poised for significant growth with minimal additional capital required. The next owner will be well-positioned to reap the full financial benefits of the renovation. Unencumbered by management – The Westin is offered unencumbered by management, and the Sunshine Suites is offered unencumbered by both brand and management. • Rebranding opportunity – There is an opportunity to terminate the Westin franchise agreement in the near term. The excellent physical quality and prime location of the asset will appeal to a large number of top brands. • Acclaimed business and leisure destination – Grand Cayman remains one of the most highly-rated destinations in the Caribbean. Leisure travelers are drawn to the crystal-clear waters, the abundance of dining, shopping and entertainment options, and the overall safety and family-friendly nature of the island. Business travelers are attracted to Cayman’s position as one of the largest financial centers in the world, with every major financial institution having a presence and 80% of the world’s hedge funds registered on the island. • Irreplaceable location – The Westin is located in the premier location on Grand Cayman, with more beach frontage than any resort on the island. The Sunshine Suites also benefits from access to the Westin’s beach, and the resort fee implemented for such access also serves as an additional source of profit. • Tremendous expansion potential – Zoning allows for the construction of two additional floors at the Westin or possible expansion of meeting space. There is also an additional three-acre site adjacent to the Sunshine Suites that could be developed, potentially as an extension of the Sunshine Suites. • Tax-free jurisdiction – There are no direct taxes in the Cayman Islands, making investments on the island highly attractive. There are no income, corporation, inheritance, capital gains, withholding, gift, or property taxes. There are also no controls on the foreign ownership of property and land. • Portfolio synergies – Complexing the Westin and Sunshine Suites allows for operational synergies, thereby improving profitability for both. • Extremely high barriers to entry – Land is very scarce on Grand Cayman; construction costs are high; and the government restricts waterfront development—making it extremely difficult for new competitors to enter the market, particularly on Seven Mile Beach. • “Blue chip” island – The Cayman Islands is a top investment-grade Caribbean country, both politically stable and an international banking center. There are no other Caribbean countries with a higher credit rating, making this acquisition one of the most stable investments in the Caribbean. Please contact use for the Confidentiality Agreement.

  • Property Type Hotel

Quick Contact

* Denotes Required Inputs