Investors who purchase a hotel unit have the option to use their suite for two weeks per year, completely free of charge (subject to certain black-out dates). This benefit is worth between US$4,200 and $24,500 per annum, depending on the suite type.
Late availability bookings, within 28 days, are also available at 50 percent off the standard rate, to all unit owners (subject to availability). The rest of the time, the unit is absorbed into hotel inventory and utilised for hotel guests
A unique ownership opportunity also exists as a select number of units have been specifically designed as full-time residences for those fortunate enough to call Cayman their home.
Each hotel suite owner receives 50 percent of the gross room rental and the hotel management company receives the other 50 percent. The owners’ return is less applicable costs, with the projected net return on investment over 6 percent (based on an island average occupancy of 70 percent).
All unit owners receive 10 percent discount on all food and beverage purchases at the hotel, on a yearround basis, whether they are staying at the property or not.
This is a prime opportunity in that it is a hassle-free, high-yield investment. It gives buyers the exposure to both the property and the hotel and leisure industry – set to be one of the most consistent and highest growth sectors in the coming decades.
Backed by the well-established and internationally renowned luxury hospitality brand Hilton, and managed on-the-ground by local development company NCB, including a hotel management team with extensive experience in the successful operation and management of major hotels in Cayman and globally, our collective group of experts has a proven track record of consistently and successfully increasing hotel growth and revenue.
Wellness tourism is a rapidly growing $680 billion travel niche that is expanding 50 percent faster than the overall tourism industry. Travellers take 586 million wellness trips each year. In fact, the wellness tourism niche encompasses 15 percent of global travel. It is also a highly profitable travel sector, with wellness travellers spending 130 percent more than the average traveller.
NCB, in partnership with the Hilton, is bringing this new tourism market to the Cayman Islands, that will assist in positioning Grand Cayman as a top destination for the millions of wellness travellers seeking authentic experiences, while allowing owners to capitalise on a billion-dollar industry