This club will have two-, three- and four- bedroom residences overlooking Crystal Harbor on Grand Cayman.

Membership will be sold in 1/8 shares, giving each owner 6 periods of 7 days each. Three periods will be in the prime winter season and 3 will be in the prime summer season. With prices starting in the low $300's.

The temperature in the Caymans rarely dips below 75' and the islands offer fabulous beaches and awesome diving.

Owners will have the use of a luxury car while in residence.

More details are at http://www.thewaterfordprc.com/

The Waterford has broken ground on its first phase and will be completed within 32 months. Just recently The Waterford Private Residence Club entered into a franchise agreement with Wyndham's 5 star tier- Grand Bay.
It will be known as The Waterford Grand Bay. This is really exciting news for the owners and members of The Waterford. Only 30% of the entire project is available for fractional ownership. The property is absolutely gorgeous and the sales have been very strong over the past 24 months. Its the perfect solution for people who love Cayman and don't want to spend $2.5 million on a comparable apartment.

Wyndham Hotel Group Announces First Two Resorts in Cayman Islands

PARSIPPANY, N.J. (Jan. 27, 2009) – Wyndham Hotel Group, one of the world’s largest hotel companies, today announced its entrance into the Cayman Islands with the addition of two resorts on Grand Cayman island: The 130-room Wyndham Grand Bay Waterford – Cayman Islands and the 170-room Ramada Grand Caymanian Beach Club and Resort.

Both resorts are owned and managed by the Grand Cayman-based GFK Group, a property development and management firm with more than 25 years of experience developing in the Cayman Islands.

The Wyndham Grand Bay Waterford – Cayman Islands, the newest addition to The Wyndham Grand Collection, recently began construction and is expected to be complete in the third quarter of 2011. The five star luxury property will feature rooms with a British Colonial décor that offer sweeping ocean views from North Sound to Rum Point. The resort will offer a 5,000 square foot spa, pre-arrival grocery service, luxury car service, an on-site restaurant and cigar room and 24 hour room and concierge service.

The recently renovated Ramada Grand Caymanian Beach Club and Resort is located adjacent to The North Sounds Club championship golf course on the shores of Grand Cayman’s North Sound Lagoon. Guests can choose from studio, one and two bedroom suite accommodations with high speed wireless Internet access, flat screen televisions, a DVD and VHS player, personal washer and dryer and full kitchen. The resort also features a business center, on-site restaurant, lighted tennis court, beach volleyball court, freshwater pool, multiple hot tubs, a kids club and a variety of water activities including scuba diving, snorkeling and deep sea fishing.

Currently undergoing its second phase of renovations, which are expected to be completed later this year, the resort will soon offer an additional 44-unit condo hotel and free form swimming pool with beach access.

“Year after year, the Cayman Islands continue to be a popular tourist destination, pulling in nearly 1.7 million visitors annually,” said Doug Smith, Wyndham Hotel Group vice president of development. “By adding not one, but two properties in the Caymans, Wyndham Hotel Group is well poised to take advantage of the opportunities that exist there.”

Theresa Foster, GFK Group managing director, said, “We knew that Wyndham Hotel Group was the company we wanted to do business with right from the start. We want to be backed by a company with strong brands and with significant breadth and scale, and we found a match in Wyndham.”

WYNDHAM GRAND BAY WATERFORD OF GRAND CAYMAN, CAYMAN ISLANDS JOINS THE REGISTRY COLLECTION EXCHANGE PROGRAM

Caribbean Residence Clubs, Grand Cayman today announced that the Wyndham Grand Bay Waterford in Grand Cayman, Cayman Islands has affiliated with The Registry Collection® Exchange Program, the world’s largest luxury exchange program. www.caribbeanresidenceclubs.com/en/desti...waterford/index.html

The Waterford is a private club comprised of luxurious villas, grand penthouses and an elegant “Great House.” It is located in Crystal Harbour Safe Haven, overlooking the magnificent North Sound and Sting Ray City, adjacent to the North Sound Championship golf course. The resort will be comprised of 44 two- and three-bedroom oceanfront villas and three luxury penthouses. Owners will enjoy frequent and flexible lodging throughout the year – guaranteed six weeks usage plus unlimited “space available” usage at no additional charge. When in residence, owners will have access to a Land Rover, BMW, Mercedes or Audi for their personal use. They will also have access to a Boston Whaler with a captain to pilot the ship. The Cayman Islands, located in the western Caribbean Sea, are home to some of the world’s best beaches, restaurants and nightlife. The Cayman Islands are situated 180 miles northwest of Jamaica and are comprised of Grand Cayman, Cayman Brac and Little Cayman. The abundance of fish life, coral reefs, water sports and shopping make Grand Cayman the idyllic destination for the most discerning traveler.

“We are excited to be working with The Registry Collection program,” said Theresa Foster, Managing Director of Waterford. “They will provide our fractional owners with access to some of the world’s finest vacation properties. Being included in The Registry Collection’s portfolio is important to us, as the affiliation with them also further proves that Wyndham Grand Bay Waterford is one of the finest luxury vacation destinations in the country.”

“We are very proud to add a property the caliber of Wyndham Grand Bay Waterford to The Registry Collection,” said Gregg Anderson, VP of Global Product Marketing of The Registry Collection. “Our goal is to offer our members the finest vacation destinations in the world and Grand Cayman always is a highly requested Caribbean location. Working with successful developers like Gary Foster at GKF enables us to offer our members the luxury travel experience they desire.”


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About GKF Limited
The head of GKF is Gary Kirk Foster. Born an 8th generation Caymanian, Gary Kirk Foster has lived in the Cayman Islands all his life. His family, the Foster’s and the Kirkconnell’s are very involved in the business community in the three islands including shipping, real estate development, duty free stores, grocery stores, car rental agencies, automotive sales, hardware, and more. Building contracting is where Gary defines his expertise with a long list of building accomplishments. His wife, Theresa Owen-Foster complements the business by handling all of the administrative duties of the companies for over 15 years.

About The Registry Collection
The Registry Collection program is a global network comprising over 30,000 members and more than 130 affiliates on five continents. The more than 160 properties available through the program are either accessible for exchange or under development. As the world’s largest luxury exchange program, The Registry Collection program provides members with access to an elite global network of the very finest vacation properties at some of the world’s premier destinations, as well as personal concierge services that are available 24 hours a day. From condo hotels and high-end fractional resorts to private residence clubs and fractional yachts, The Registry Collection program facilitates exchanges around the world and redefines the vacation experience for owners and developers. The Registry Collection program is offered by Group RCI, the worldwide leader in vacation exchange and the European leader in vacation rentals and one of the Wyndham Worldwide family of companies (NYSE: WYN). For additional information, visit the media center at www.grouprci.com.