NEW YORK—FTI Consulting (Cayman) Ltd. declared that David Griffin and Iain Gow have been appointed Receivers of a Grand Cayman lodge, previously regarded as the Margaritaville Beach front Vacation resort Grand Cayman, by the secured cost holder. FTI Consulting will promptly launch a course of action to offer the resort.
The 285-crucial, five-tale vacation resort is located in the Seven Mile Beach corridor and is situated close to Camana Bay, a waterfront town centre with procuring, restaurants, bars, and an business district that hosts a huge proportion of the island’s economical and legal companies.
“Investors are absolutely sure to capitalize on the remarkable repositioning possibility,” noted Alan Tantleff, senior managing director of FTI Consulting and leader of its Lodging, Gaming, and Leisure Apply. “Grand Cayman fared incredibly properly through the pandemic and this ever-well-liked Caribbean island’s attractiveness as a tourist and business desired destination carries on to increase.”
The home options 8,500 sq. toes of assembly place accommodating both equally business and leisure occasions, two out of doors swimming pools, a health middle, two dining places, two bars, and a cigar store. The vacation resort occupies West Bay Street frontage inside of the main vacationer place of 7 Mile Beach with seaside entry. In addition to obtaining entry to the beach, there is a grandfathered jetty-enclosed private swim space.
“The profits method will go swiftly now that it has introduced,” in accordance to Iain Gow, just one of the receivers. “Materials are accessible, and potential investors are encouraged to make contact with FTI Consulting to convey their curiosity in taking part in the sales process.”