Dart Realty (Cayman) Ltd. Logo Residences_at_Seafire

Dart Realty Introduces the Kimpton Seafire Resort + Spa Residences at Seafire

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| Source: Cayman Shores Development
photo-release

Main rendering

Main rendering

Kimpton Seafire Resort + Spa and The Residences at Seafire

Exterior Rendering

Exterior Rendering

View of Seven Mile Beach and the Caribbean Sea from the lobby of Kimpton Seafire

CAYMAN ISLANDS, Grand Cayman, Nov. 12, 2015 (GLOBE NEWSWIRE) -- Dart Realty (Cayman) Ltd. introduces the Kimpton Seafire Resort + Spa, Seven Mile Beach, Grand Cayman, the boutique hotel brand's first Caribbean property, and The Residences at Seafire.

Photos accompanying this release are available at

http://www.globenewswire.com/newsroom/prs/?pkgid=37579

http://www.globenewswire.com/newsroom/prs/?pkgid=37580

"On behalf of Ken Dart and Dart Realty (Cayman) Ltd., we are excited to announce that we have begun the one-year countdown to the opening of Grand Cayman's first luxury resort in more than a decade, the Kimpton Seafire Resort + Spa, and our for-sale residential offering, The Residences at Seafire, situated on the award-winning Seven Mile Beach," said Mark VanDevelde, CEO of DRCL.

"We are excited to partner with Kimpton Hotel and Restaurants, renowned in the travel industry for bringing the boutique hotel experience to America, on their first Caribbean resort," stated Jackie Doak, COO of Dart Realty (Cayman) Ltd. "This announcement reflects a two-year collaboration on the essence of the resort, its design and how it is experienced by guests and residents."

"The name of the property, Seafire, exudes Kimpton's stylish, playful brand while evoking Grand Cayman's stunning and celebrated sunset; Seafire is the inspiration that will infuse much of the hotel's interior design, activation of our outdoor spaces, how we transition from day to night and, of course, the programming for our guest experiences," Doak added.

Situated on the resort's 12-acre site, The Residences at Seafire is Dart Realty's first for-sale Seven Mile Beach property and includes 62 luxury residences in an elegant 10-story building adjacent to the hotel. The Residences at Seafire offers the best of both worlds, the privacy of a luxury residence and exclusive owners' rooftop lounge along with access to the best-in-class amenities offered at the resort, including two ocean view pools, six bars and restaurants, a signature spa, distinctively landscaped gardens and a coastal walking and biking trail.

Individual condominiums offer sweeping views of the resort grounds and Seven Mile Beach, and those facing the North Sound will have views equally as compelling as those that overlook the beach and Caribbean Sea.

The highly anticipated residences will be offered at varying price points which reflect a spectrum of choices including studio, one-, two-, three- and four-bedroom floorplans with generous terraces, some of which have convertible walls for flexible indoor/outdoor living. The diverse array of options provides buyers the possibility of acquiring a home on Seven Mile Beach for under $1 million or getting the penthouse of their dreams nearer to the $8 million price point.

"With stunning and sophisticated design, its prime Seven Mile Beach location and thoughtful consideration of every aspect of the guest and residential experience, The Residences at Seafire introduce a modern Caribbean aesthetic to luxury living, where interior spaces unfold dramatically to abundant gardens and resort amenities infused with the spirit of Kimpton's Caribbean debut hotel," Doak said. "In keeping with our Dart philosophy of design excellence, The Residences at Seafire will offer a perfect balance of sand, sea and sun combined with every amenity imaginable for families seeking the exceptional Caribbean living all inspired by our shareholder Ken Dart's own experience with his young family when they first visited the island more than 20 years ago," she added.

"The Kimpton Seafire Resort + Spa and The Residences at Seafire reflect Ken Dart's vision of creating places where both visitors and residents want to gather, spend time and be inspired by the beauty of Cayman's natural environment," VanDevelde continued. "It is also testament to Dart's commitment to help grow the local economy and create new opportunities that will benefit the island's strong tourism industry."

The property topped out in August, and the design team is focusing its attention on the build-out of the extraordinary interior spaces. The resort and residences are on schedule for opening in November 2016.

ABOUT DART REALTY

Renowned for its thoughtful design approach, Dart Realty is an investment, development and management company with more than one million square feet of built assets within a diverse portfolio. This includes the master-planned, mixed-use development of Camana Bay with more than 600,000 square feet of office, retail, restaurant, residential and educational space. Camana Bay also has more than 700,000 square feet of developed grounds including courtyards, gardens, event spaces, sports fields, car parks, roads and a helipad.

Dart Realty also manages five properties in central George Town including commercial, retail and parking; Regatta Office Park; the Cayman Islands Yacht Club, a commercial marina with 68 slips and facilities, retail and restaurants; the residential neighbourhood of Salt Creek and the Waterways apartment complex. In addition, the 26-acre Dart Realty nursery propagates and supplies native plants and trees for all of its developments. Dart Realty's portfolio is growing with the addition of Seven Mile Beach properties including Kimpton Seafire Resort + Spa and The Residences at Seafire which are scheduled to open in November 2016 as well as an upcoming five-star resort and residences. In all its developments, Dart Realty is a regional leader in sustainability, advancing recycling efforts and employing a broad range of building and operating techniques to increase energy efficiency.

The photos are also available via AP PhotoExpress.

Media contacts:

Melissa Ladley, Dart Realty (Cayman) Ltd.
Tel: 345.640.3371
E-mail: Melissa.Ladley@drcl.ky

Tony Wilbert, The Wilbert Group
Tel: 404.405.3656
E-mail: twilbert@thewilbertgroup.com

Hadley Creekmuir, The Wilbert Group
Tel: 404.343.4080
E-mail: hcreekmuir@thewilbertgroup.com

Legal Disclaimer

Your eligibility for purchase will depend upon your state of residency. This is not intended to be an offer to sell nor a solicitation of offers to buy real estate and/ or securities to residents of any jurisdiction unless exemptions from registration are available in the applicable jurisdiction. It is advisable to consult an attorney or other knowledgeable professional who is familiar with real estate and development laws in the Cayman Islands.