Little Cayman's Paradise Villas And Hungry Iguana Under New Ownership

Dart Realty (Cayman) Ltd. confirmed today that it has agreed to purchase the Little Cayman businesses of Paradise Villas and the Hungry Iguana restaurant.

“We share the widely held view that Little Cayman’s charm comes from its quaintness and unspoiled nature. We intend to help preserve that character for this and future generations” said Mark VanDevelde, CEO of Dart Realty.

The Dart family’s commitment to preservation in Little Cayman began with a donation in 2012 to assist the National Trust with the purchase of land at Preston Bay, used as a nesting area by the island’s endangered rock iguanas. Little Cayman has a strong reputation as a nature based tourism destination with world renowned diving and conservation research efforts.

“Although we have no immediate plans for the properties included in the purchase, we are excited about having the opportunity to explore sustainable options,” VanDevelde continued.

A team from Dart will work with the resort’s management and staff in the coming weeks before it closes in August for its annual break. “Our immediate priority is to gain a better understanding of the business operations and inspect the facilities,” said VanDevelde.

Previously owned by local businessman Ken Hall, Paradise Villas and the Hungry Iguana restaurant are situated on the southern coast of Little Cayman, adjacent to the island’s runway.