Cayman Islands Product Update Second Quarter 2008.

Cayman Islands Cayman Islands Product UpdateProduct Update

Second Quarter 2008

AgendaAgenda• Accommodation Update

– Current Statistics– Current Room Stock– Occupancy Statistics– New Properties– New Developments

• Product Enhancement & Development– New Initiatives– Cruise Update– New Product Offerings– Tourism Attractions Board Update– National Trust Update– Camana Bay Update– Restaurants– Sister Islands Update– Events

ACCOMMODATION UPDATEACCOMMODATION UPDATE

Current StatisticsCurrent Statistics

Current Room Stock*Current Room Stock*GCM, CYB, LYB

Category GCM CYB LYC TOTAL

GUESTHOUSE 332 68 23 423

APT / CONDO 1806 63 46 1915

HOTEL 2038 74 76 2188

TOTAL 4176 205 145 4526

•Based on available bedrooms, as of April 17th 2008

Occupancy StatisticsOccupancy StatisticsGCM, CYB, LYB

Hotels Hotels Guesthouses/Apartments

Guesthouses/ Apartments

2007 2008 2007 2008

January 68.8% 70.4% 40.4% 52.0%

February 76.5% 72.6% 50.6% 61.0%

March 80.8% 79.4% 56.2% 63.4%

New PropertiesNew Properties

Pease Bay House - BTPease Bay House - BT

• 4 bedrooms & Children's den & baby room • 5.5 bathrooms • Living room with piano • Fully equipped kitchen • Separate formal dining room• TV, Central air, high speed internet • Large patio with horizon pool, dining area & BBQ, Private tennis court

Pelican Point - NSPelican Point - NS

• 4 bedrooms, 4 bathrooms • Living/dining room with Sat. TV, & high speed internet

• Fully equipped kitchen • Fully air conditioned and ceiling fans• Large patio • Separate BBQ area

Halycon Days - NSHalycon Days - NS

• 2 bedrooms & den, 2 bath • Living/dining with Cable TV, internet access • Full kitchen • Veranda with pool, outside BBQ • Boat dock

New DevelopmentsNew Developments

Name Units Rooms Location Completion date

The Waterford Club 44 120Crystal Harbor (close to Grand

Caymanian) 2009

Water's Edge 35 105 West Bay Rd Early 2008

The Island Resort & Residences 81 218 Colliers, East End 2009

The Montclaire 25 75

West Bay Rd (between Grand view and George Town

Villas) 2009

Beachcomber 40 118 West Bay Rd 2008

Seaview 18 18 South Church Street Jun-08

Renaissance 37 111West Bay Rd (formerly

Tarquynn Manor) Late 2008

Residences at Beach Bay 45 135 Bodden Town Summer 2008

Cayman Diving Lodge 26 26   Dec-08

Coconut Harbor 34 34 South Church Street 2008

South Bay (formerly Turtle Beach) 33 75 West Bay Rd 2008

Grand Caymanian - Phase 2 44 80 West Bay 2008/09

The Mandarin Oriental 77 114 Queens Highway, East End 2009

Reef Resort Phase 2 21 42 East End Early 2008

Lighthouse Point 8 8 West Bay 2008

Resort at Ivory Point 46 140 North Side Unsure

Total units & bedrooms 614 1419    

Further updatesFurther updates• Treasure Island Hotel has re-opened

• Hyatt Beach Suites has been renamed - Grand Cayman Beach Suites

• Brac Inn Hotel (proposed to open January 2009) - 32 rooms, located on southwest side of Cayman Brac

Ritz Carlton DevelopmentRitz Carlton Development• 2 phase development along the golf course

• Phase 1: Deck Houses; Phase 2: Secret Harbour (120 condos)

• Future phases include a yacht marina with more condos, restaurants, bars and shops.

• Another 230 acres acquired – initial plans indicate 9 hole golf course added to the Ritz’s current 9 holes course.

PRODUCT ENHANCEMENT PRODUCT ENHANCEMENT & DEVELOPEMENT& DEVELOPEMENT

Cruise UpdateCruise Update

Berthing FacilitiesBerthing Facilities

• CIG officially committed to the strategic decision of separating the cargo and cruise operations.

• Cargo dock to be moved to another area of George Town to facilitate the construction of the cruise ship berthing dock at the current cargo dock.

Berthing Facilities cont.Berthing Facilities cont.• Negotiations are ongoing with Atlantic Star Ltd. and as a

result a more strategic approach is being pursued. • This includes:

– Reaching an agreement to satisfy local requirements for a thorough environmental impact assessment.

– Agreeing to maintain berthing facilities within the immediate GT harbour area.

– Increasing the space allotted for managing cruise passengers and thereby improving the visitor experience and

– Agreeing to build the facility sufficiently strong to withstand major storms

Nickelodeon Family CruiseNickelodeon Family Cruise • Nickelodeon and Royal Caribbean

International have introduced a seven-day family cruise and has scheduled its inaugural trip for August 2008.

• Impressed with what the Cayman Islands had to offer they have included Grand Cayman on their itinerary.

• Only one trip is currently scheduled while the company assess the interest shown.

• The “Nickelodeon family Cruise with Royal Caribbean” will feature Nickelodeon activities and entertainment such as live game shows featuring the Nickelodeon slime, visits with kids' favorite characters like Dora the Explorer and SpongeBob SquarePants.

New Product OfferingsNew Product Offerings

Cayman Airways UpdateCayman Airways UpdateCAL launches Brand Enhancement Campaign

• Monday, November 5th 2007 introduced a newly

enhanced livery of one of its 737-300 aircraft.

• Over the next year other aircraft will get new identity

• Other aspects of the brand enhancement campaign, such as uniforms, stationary, business cards, ticket counters, web-site, advertisements, vehicles and signage will be gradually updated according to replenishment needs.

Owen Roberts Int’l Airport Owen Roberts Int’l Airport ExpansionExpansion

• Preparatory phase underway• Facility being modernised to improve aesthetic appeal

and to expand passenger and airline capacity.• Completion of these expansions for commercial airlines

will also facilitate a move towards establishing facilities for charter jets.

• Following preparatory phase the project will be conducted in 3 phases.

• Phase 1: expansion of the ticketing hall; construction of a domestic terminal; and a new arrivals and departure hall behind the existing ticketing hall.

• Phase 2 (early 2009): construction of the new departure hall on the 2nd level and the installation of 4 jet bridges

• Phase 3 (completion 2010): modification to areas of the existing building such as the airlines offices.

The National Gallery - New The National Gallery - New FacilityFacility

• To date over 1.9 million dollars (financial goal is $2.5 million) raised

• Building slated for construction in early 2008

• Site just off the Esterley Tibbetts Highway near the Harquail Theatre.

• Hoped that the building will be ready for occupancy by fall 2009 (September).

Artist Rendition of New Gallery

•The larger facility will enable the gallery to host wider and more diverse types of functions and exhibitions.

•The new gallery will as host a permanent display area for Caymanian Art.

• Will also allow for the educational centre and classrooms to be housed on the same premises.

The National Gallery - New The National Gallery - New Facility cont.Facility cont.

Cayman Islands National Cayman Islands National MuseumMuseum

• Soft opening – November (building will be opened for guided tours of the structure).

• Jan 2009 the full opening with all exhibits in place

The Santa ClaraThe Santa Clara• 115-foot replica of a 15th century Columbus sailing ship - Also

known as the Nina II

• Now available for day sailing trips, sunset cruises and private charters in the calm waters of the North Sound.

• Seating for 100 people

• Down below, the authentic 15th century exterior hides an 800 square foot air-conditioned main salon and galley, which is finished in wood, granite and marble from Brazil, and boasts modern male and female restrooms.

• In the salon, guests can relax, have a drink and a snack, shop for souvenirs or, on two flat screen TVs, watch a video of the ship being built in the Brazilian jungle.

• Contact: www.thenina.com or (345) 926-5000.

Santa Clara cont.Santa Clara cont.

Governors SquareGovernors SquareA new development opposite the Governor’s House on

West Bay Road is now offering:

• Balaclava Jewellery• Lux Life• Atlantic Department Store• Bon Vivant, an upscale kitchenware store• Wine Down Market• Spa de Sol and a branch of Butterfield Bank. • Restaurant and food options include: Wine Down

restaurant and bar; Perk Up Café and Prime – a Brazilian Steakhouse Churrascaria

Chauffer UnlimitedChauffer UnlimitedGrand Cayman’s most comfortable ride specialist, providing the island with luxury transportation. Specializing in weddings, tours, airport transfer, shopping excursions, dinner parties, executive meeting transportation, and much more.

Two exciting Island tours available:1. 2 hr tour includes: George Town, Seven Mile Beach,

Governors House, Hell and Yacht Club2. 4 hr tour includes: George Town, Pedro St James,

Blow Holes, Botanical Gardens, Pirate Caves.

Optional for both tours – Boatswains Beach (turtle farm)

Chauffer Unlimited cont. Chauffer Unlimited cont. Stretch Limousine (Classic)• CI$200 for the first 2 hrs• CI$80 each add. hr

Premium• CI$250 for the first 2 hrs• CI$100 each add. hr

Luxury SUV• CI$80 for 2 hrs (minimum service)

Lincoln Town Car• CI$72 per hr

Telephone: (345) 916-7456 or (345) 926 7456Email: [email protected] or fax: (345) 947 5541http://chaufferunlimitedlimo.com/

Cayman In a NutshellCayman In a Nutshell• New tour company

• 'Nutshell' tour - Stingrays, turtles, Hell, Seven Mile Beach, and Cayman-style lunch

• 'Half-shell' tour - Boatswain's Beach and Hell

• 'Go East' tour - Blowholes, Queen Elizabeth II Botanic Park, Pedro St. James, Rum Point, or any combination of the sites that are only found away from the bustle of George Town.

• Aquaboat adventure - Captain your own inflatable boat, snorkel at a shipwreck, stop at Seven Mile Beach or Smith Cove to stroll the white sand beaches, and see the western side of the island from the water.

• www.caymaninanutshell.com

Government Admin BuildingGovernment Admin Building• Construction underway at the Elgin Avenue site adjacent to the

current Government Admin building.

• The $85.5 million structure

• 230,000 square ft

• Capable of withstanding Category Five hurricanes, earthquake force and floods up to 12 ft.

• Designed to hold offices for 900 civil servants

• To be completed within 34 months

• Set to be the largest building in Cayman and a leading example for the region in energy efficiency, environmental performance and staff comfort.

The Barcadere MarinaThe Barcadere Marina•16 acre waterfront property by Scotts Landing (development and management company)

• Now under construction at the George Town Barcadere, at the end of North Sound Road.

Features:• In water berths for up to 85 yachts, ranging from 35ft to 150ft in length.• Dry storage accommodations for 112 boats up to 34 feet in length in our fully enclosed facility constructed to category 5 hurricane standards.• Forklifts & travel lifts.• Service center housed with technicians for boat maintenance, repairs and service.• Casual bar & restaurant.

The Barcadere Marina cont.The Barcadere Marina cont.• A change room with showers and washrooms and locker systems

• Haul out and boat yard services for vessels weighing up to 100 tons

• Dockside fuel station with an environmentally friendly sewage pump-out service

• A commercial retail building – 40,000 sq ft of available lease space

• A boat sales & service center Anticipating opening the wet slips and the fuel station in late 2007

• Now taking reservations for dock space and dry storage positions

• With Ipe hardwood decking on super stable fixed concrete piers located in a protected basin, and featuring the flexibility of 30, 50, 100 or 200 amp power, and water, to every dock pedestal

Cayman Islands HelicoptersCayman Islands Helicopters

Sunset Flights with Dinner

• Land at either The Ritz Carlton or Papagallos.

• You are met with champagne and escorted in for a meal. The pampering continues as your chauffeur waits to take you home.

• Price starts at US$760 with Sedan car (US$840 with stretch limousine) for a couple including pick-up (George town area, south sound, Seven mile and West bay with company shuttle) helicopter ride, dinner and chauffeur back in your home or hotel.

Phone: (345) 525-6967

Cayman Islands Helicopters Cayman Islands Helicopters cont.cont.

Private ChartersPrivate flights for up 6 people to tour the island. 

Sister IslandsA short flight over to the Sister Islands. Option to experience fabulous diving on a one-day charter (always fly below 1000 feet). Charter starts at US$2700.

 JamaicaA weekend of golf at the White Witch in Montego Bay, Jamaica.  Package includes flight, golfing and a stay in The Ritz Carlton.  Charter also offered without the golf element.

Oculus Oculus • Unique glass bottom boat excursions

• A one-of-a-kind snorkeling adventure and a fast and comfortable ride out to the amazing coral reefs

• 30 ft glass bottom speed boat is equipped with a unique ultra-durable bottom window shaped as an optically regular spheroid

• At 2 x 3 meters, it is the biggest size in the world and can enlarge a field of view over a dozen times in comparison with ordinary glass bottom boats

Coral Reef Snorkeling Excursion • interactive 2 hr adventure departing from SMB• Trained naturalists from Ambassadors of the Environment by Jean-Michele

Cousteau guide the journey and give in-depth information on aquatic life and underwater eco systems before picking up speed and powering to Hog Sty Bay.

• Oculus then sashays across sunken shipwrecks of the bay and colorful coral reefs before stopping for a guided snorkeling opportunity

OculusOculus

Seven FathomsSeven Fathoms• 1st commercially made distilled rum made

entirely in the CI

• After the distilling process, the rum is put into oak barrels and taken out to the ocean, where it is dropped to a depth of 42 feet

• Will be distilled in small batches and sold only in Cayman

• The rum will be available in liquor stores after the official launch at the end of May.

Tourism Attraction Board Tourism Attraction Board UpdateUpdate

TAB UpdateTAB UpdateThe new monthly Director's Tour at the

QE II Botanic Park.

• Two-hour excursion personally led by the Park’s General Manager, Mr. Andrew Guthrie

• Offering expert insights on what’s growing, blooming, and fruiting along the way.

• Price: US$20• Hours: 9 a.m. to 11 a.m. on the second

Tuesday of each month.• Exceptions: May (Kew International

Botanic Competition conflict).

TAB Update cont.TAB Update cont.

The "Discover the East" Adventure Card

• Price:US$16 • Free admission to Pedro St. James and

the Botanic Park. • Additional free gifts and discounts at

10 eastern district attractions, restaurants, and businesses. 

• Available for sale throughout the island. • More info is online at: http://

www.tab.ky/html/adventure.html 

TAB Update cont.TAB Update cont.New Directional SignageNew Directional Signage

Pedro St. James Botanic Park

National Trust UpdateNational Trust Update

National Trust UpdateNational Trust Update• New rack cards for the Mission House and Mastic Trail Guided

Tours in circulation

• Visitor Centre rack cards in design

• New street signage for Mission House and Southern Mastic Trailhead.

• Signage for Northern Mastic Trailhead, George Town Visitor Centre, Governor Gore’s Bird Sanctuary will be arriving and placed shortly.

• Signage will soon be in place for improvements to the Blue Iguana tour offered at the Botanic Park. Tours will be increased from twice weekly to twice daily

• “Uncle Sammy’s Pond” in West Bay has been purchased and will be developed with parking and a boardwalk for public enjoyment.

• The park adjacent to the Mission House is now open and includes a bird watching platform and children’s playground equipment.

Harry McCoy Sr. Park - BTHarry McCoy Sr. Park - BT

New Dart Park recently opened in Bodden Town, in vicinity of the Mission House

Harry McCoy Sr. Park - BTHarry McCoy Sr. Park - BT

Bird Watching Tower

Camana Bay UpdateCamana Bay Update

Aerial view - Camana BayAerial view - Camana Bay

Camana Bay - Now OpenCamana Bay - Now Open

• South Florida’s premier independent booksellers opened 4th branch in Grand Cayman.

  • At Camana Bay, Books & Books will also

hold regular reader and writer events, becoming a gathering place for booklovers across Cayman.

• Books & Books at Camana Bay is open from 10am to 9pm Monday to Saturday.  Gift certificates are available in-store.

Books & Books

Camana Bay - Camana Bay - Now OpenNow Open

• 6 screen cinema; stadium seating; high-back reclining seats

• Offers staggered show times from early afternoon throughout the evening, with matinee prices available on shows before 6:00pm

• The cinema is fully ADA compliant, with wheelchair access in all theatres

Hollywood Theaters

Camana Bay - Camana Bay - Now OpenNow Open

Cayman National Bank

• In January 2008, Cayman National Bank opened the town’s first retail bank.

• In a 5,000 square foot space on the ground floor of 62 Forum Lane, Cayman National offers ATM machines and both personal and business banking.

• The branch at Camana Bay is Cayman National Bank’s sixth on Grand Cayman.

Camana Bay - Camana Bay - Now OpenNow Open• NKY – offering the latest collection in men’s and women's clothing in

a range of popular brands. Opening hours from 10:00am to 9:00pm

• Haagen-Dazs

• Ernst & Young

• London & Amsterdam Trust

• Goldman Sachs

• Dart Realty

Camana Bay – What’s ComingCamana Bay – What’s Coming

Island Companies

• Opening a flagship store in Camana Bay

• In a 6,000 sq ft store designed to reflect Cayman’s historic homes, Island Companies presents designer jewellery and watches

Bedside Manor

• Popular linens and home accessories

Digicel

• Flagship store set open later this spring

Camana Bay - What’s ComingCamana Bay - What’s Coming

Abacus

• Camana Bay’s first restaurant

• Offering all day dining and a sophisticated lounge bar from the successful team behind Deckers: Markus Mueri and Neil Bryington.

• Cafe-style seating will provide al fresco dining

• Open kitchen will present the opportunity to watch the chefs at work

• Private dining room for business meetings or special occasions.

Camana Bay – What’s ComingCamana Bay – What’s Coming

Cafe Del Sol

• Offering gourmet coffees and pastries

• Set to open in early 2008

• Cafe del Sol will connect directly into Books & Books, allowing customers to enjoy a book or magazine with a cold drink or latte.

• With internet stations and a community notice board

RestaurantsRestaurants

The Post Bar Restaurant - WBThe Post Bar Restaurant - WB• West Shore Center

• 11am – 10pm daily

• Offering covered outdoor patio seating, indoor seating and a large, open bar gives the customer a number of options to most enjoy their dining experience

• free wireless internet access

• (345) 946 7678 or www.postrestaurant.ky 

Davie Jones Locker - GTDavie Jones Locker - GT

• Renamed the ‘Dog House’

• This continues the theme of other two restaurants in Grand Harbour called the Brick House and the Brew House

• Now the third restaurant in the area owned by Harry Lalli

• Menu will be changed but otherwise it will continue to be a sports bar

Prime Churrascaria - WBPrime Churrascaria - WB

• Opened 12th November 2007

• Located in Governor's Square

• A new type of dining experience based on a Brazilian Churrascaria Steakhouse.

Prime Churrascaria Cont.Prime Churrascaria Cont.

Ye Old English Bakery – EEYe Old English Bakery – EE• Second location open

opposite the Morritts Tortuga Resort

• Local deliveries to hotels in the area

• Hours: Monday-Friday 6.30am-3.30pm Saturday 6.30am-3pm Sunday 8am-2pm

Dairy Queen - GTDairy Queen - GT• Opened 17th January

• Location: Waterfront Center

• Hours: 11am – 9pm Mon-Sat; 12pm-9pm Sundays

• Ice creams 97% fat free; most toppings fat free

• Owner: Mike Flowers (previous owner of Lone Star)

Restaurant ChangesRestaurant Changes• Antica Gelateria - Reopened its doors after being closed

for just over two months.

• Dirty Reids - Relocated to Pedro St. Castle, BT

• Lone Star – Under new ownership; recently renovated and upgraded but still has the Tex- Mex bar feel and ambiance

• Rackam’s Waterfront Restaurant and Bar – currently undergoing extensive renovations and improvements.

Sister Islands UpdateSister Islands Update

Casa Cassiopeia

Located in Little Cayman - License pending

Sunrise Cottage

Located in Little Cayman

Carib Sands Phase III

Located in Cayman Brac - ground has been broken

The Brac Inn

Located in Cayman Brac - construction has started on this 31 room hotel, banquet and conference center.

New PropertiesNew Properties

Proposed DevelopmentsProposed Developments

Cayman Tropical Oasis  • Location: Cayman Brac

• A Beach Club Resort Destination

• Proposed Hotel & Community Facilities:  A four-five story hotel or condo-hotel is proposed for a future phase of this complex.

• http://www.caymantropicaloasis.com/

Proposed DevelopmentsProposed Developments

Kings Point Towers

• 23 units • Break ground next month• Located east of Cayman Breakers, South Side• Units, except penthouses will be town house style• 2 bedrooms, 2 ½ bath• $250,000 for townhouse• 4 penthouses, 3 stories high• Penthouses $360,000• Total project completion: 2011

Sister Islands EventsSister Islands Events

• Annual Brac Jackpot Fishing Tournament - May 16-18

• Little Cayman Annual Sister Islands Cook-off - May 17

EventsEvents

Championship bouts with an Olympic gold winner and world ranked boxers:

• Andre Ward vs. Jersen Ravelo • Eddie Chambers vs. Raphael Butler

Knock Out FightersKnock Out Fighters

Main Bouts televised live on Showtime from the Cayman Islands

• 11pm EST – 10pm Cayman Time

• Friday, June 20, 2008• Venue to be determined

Cayman Championship BoxingCayman Championship Boxing

Cayman Cookout Cayman Cookout • Cayman Islands

• Ritz-Carlton, Grand Cayman and Food & Wine Magazine

Partnering to host an elite food & wine festival; January 16-19, 2009. The first of its caliber in the Caribbean, Cayman Cookout will target an affluent demographic, including top players in the financial industry, CEOs, and travelers looking for a unique luxury culinary.

• Travel Package Info to be launched by May 19th

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Cayman Cookout cont.Cayman Cookout cont.

Celebrity Chefs • Host Chef - Eric RipertHost Chef - Eric Ripert • Anthony Bourdaine• Laurent Tourondel • Dean Fearing • Michael Richard • Laurent Manrique • Ingrid Hoffman

Eric Ripert

Ingrid Hofman

Cayman Cookout cont.Cayman Cookout cont.

Featured Wine Experts • Joshua Wesson• Anthony Giglio• Ray Aisle• Joy Spence

Cayman Islands Sea Cayman Islands Sea School with DiegoSchool with Diego

• June - September• 2x a week• Pedro St. James & Botanic

Park• Interactive, educational

activities