Zoning approval has been granted for Cayman Enterprise Citys proposed c&us on a 70-acre site in South Sound. Long-term plans for a cluster of office buildings, homes, restaurants and a hotel surrounding a man-made lake have been outlined for the Special Economic Zone.
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Economic impact of Cayman Enterprise City continues to grow
Caymans special economic zone, Cayman Enterprise City, reported that companies operating in the zone and their staff had a $23.6 million impact on the local economy this year.
Cruise arrivals up this holiday season
An unusually large number of cruise passengers are scheduled to descend on Grand Cayman in the days leading up to Christmas and the New Year.
Ironwood moving forward, no road deal
The $365 million Ironwood golf resort project will move forward without a final agreement on a highway extension previously viewed as a deal breaker for the development.
Kimpton ramping up for 2016 opening
Kimpton Hotels has begun the recruitment process for the newly named Seafire Resort and Spa on Seven Mile Beach, ultimately seeking to hire 300 staff ahead of its opening in November 2016.
Grand Harbour developer Mike Bell dies in US
Mike Bell, who built the Grand Harbour shopping and residential development, died in the U.S. this week. He was 51.
Development bank restarts loan program
Having just refinanced nearly US$37 million in debt held over from previous government administrations, the Cayman Islands Development Bank is back in business.
Marriott International buying Westin operator Starwood
U.S.-based hotelier Marriott International announced Monday that it has agreed to buy Starwood Hotels & Resorts Worldwide, Inc. for $12.2 billion in cash and stock. The acquisition will create the worlds largest hotel company, which will include three Cayman Islands hotels: the Marriott Grand Cayman Beach Resort, The Ritz-Carlton, Grand Cayman and the Westin Grand Cayman.
Treasure Island to become Margaritaville Resort
The run-down Treasure Island hotel will be transformed into a Margaritaville resort following the purchase of the property by Miami-based Howard Hospitality Group. The sale went through on Friday after months of negotiations, real estate agent Kim Lund confirmed. Re/Max will start selling 110 condominium suites at the new hotel later this month.
Cayman’s economy holds strong in the Caribbean
The Caribbean is gradually recovering from the economic downturn of the past few years, principally because the regions tourism market, the greatest source of income to many Caribbean countries, lies in the main, in North America.