CBRE Hotels Arranged Sale of Grand Cayman Marriott Beach Resort

Miami, FL – December 23, 2015 – CBRE Hotels has arranged the sale of the Grand Cayman Marriott Beach Resort, an oceanfront resort on Grand C​ayman. Located on 4.74 acres fronting world-renowned Seven Mile Beach, the property was acquired from Genbar Cayman Company, Ltd. by London and Regional. 

CBRE Hotels’ Christian Charre, Paul Weimer and Natalie J. Castillo, along with Fleur Vagniez of Blue Point Consultants, represented Genbar Cayman Company, Ltd., an affiliate of Gencom and The Private Equity Group, in the transaction.

With strong airlift, amazing beaches, and a business friendly environment, travelers and investors continue to flock to Grand Cayman,” said Paul Weimer, Vice President, CBRE Hotels. “Ownership did an excellent job shepherding this property through the downturn and positioning it for sale.  Our buyer jumped on the opportunity to acquire a top property in a very supply constrained market.”

Added Christian Charre, Senior Vice President, CBRE Hotels, “Because of the quality of the asset and the destination, investors from the United States, Europe and Latin America competed for this remarkable resort, ultimately awarded to a European buyer."

With stunning ocean views and 300 feet of beachfront, the Grand Cayman Marriott Beach Resort is the closest full-service hotel to the airport, with direct one-hour flights to and from Miami. It also enjoys proximity to major island attractions that include shopping in Camana Bay and George Town. 

CBRE Hotels is a specialized advisory group within CBRE providing brokerage, valuation, consulting, research and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 375 dedicated hospitality professionals located in 60 offices across the globe. 

 
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
 
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