Melkonian Capital Management and RAL Companies break ground and launch public sales of Mandarin Oriental Residences, Grand Cayman

Grand Cayman Melkonian Capital Management and RAL Companies announced the official groundbreaking and public sales launch of Mandarin Oriental Residences, Grand Cayman which is to be the island’s enclave featuring the new Mandarin Oriental, Grand Cayman Hotel. Scheduled for completion in Q1 2028, the development marks Mandarin Oriental’s first new construction resort and residences in the Caribbean and is set to deliver an unparalleled level of luxury.

A groundbreaking ceremony, with representatives from Cayman Island government, Mandarin Oriental Hotel Group, and ownership in attendance, was held on Tuesday, February 11 which celebrated the construction commencement on two distinct residential offerings, The Beach House and Ocean House Residences. The Beach House collection comprises 20 residences situated atop the 91-key resort complete with an array of amenities. Located along Grand Cayman’s iron shore coastline next to the resort, The Ocean House collection features 22 residences within a private, boutique residential building.

Prior to official sales launch, strong momentum was driven solely by word of mouth, resulting in over 40% of residences being sold. Mandarin Oriental Residences, Grand Cayman offers the rare opportunity to own in one of the Caribbean’s most desirable destinations. The Residences are priced from USD$6 million.

“Breaking ground on this new luxury resort and branded residences with Mandarin Oriental is a significant step toward delivering an unmatched residential and hospitality experience on one of the most sought-after destinations in the Caribbean,” said Ryan Melkonian, founder and managing partner, Melkonian Capital Management. “Global demand to date has exceeded expectations, and as we move forward with the public sales launch and construction, we are proud to unite renowned architects, designers, and builders with a storied hospitality brand to create this world-class destination.”

The Residences showcase both indoor and outdoor living with ocean views, private terraces, and appointed interiors. Residents will enjoy access to Mandarin Oriental’s hospitality and customized, concierge services in tandem with a collection of wellness, culinary, and recreational amenities. The property features a 1,000-foot secluded crescent beach, spa and fitness center, private infinity pools, diving and various marine activities, and multiple oceanfront dining concepts.

“This milestone represents not only the strength of the Grand Cayman market but the unique appeal of Mandarin Oriental’s five-star service and curated lifestyle,” added Spencer Levine, president, RAL Companies. “With a breathtaking location, sophisticated design, and the prestige of the Mandarin Oriental brand, these residences offer discerning buyers the pinnacle of Caribbean luxury.”

“Mandarin Oriental Residences, Grand Cayman will combine our rich heritage of craftsmanship with a modern vision of exceptional residential hospitality in the Caribbean,” said Francesco Cefalù, chief development officer at Mandarin Oriental Hotel Group. “In partnership with Melkonian Capital Management and RAL Companies, we are thrilled to set a new benchmark of luxury living for homeowners who will enjoy an unparalleled lifestyle rooted in our brand’s legendary service.”