Kimpton Hotels & Restaurants has announced plans for its first Caribbean resort with the development of a 263-room hotel and 56 residences on Seven Mile Beach in Grand Cayman.

Scheduled to open in 2016, the property will feature a destination spa and cascading oceanfront pool. It will also house five restaurants and lounges, expansive indoor and outdoor spaces as well as six beachfront bungalows.

Kimpton Hotels & Restaurants was selected by development company Dart Realty (Cayman) Ltd to manage the boutiquestyle hotel that will be the first new development in a decade on Seven Mile Beach.

The resort will be designed by SB Architects and John Doak Architecture. A signature feature of the resort will be natural landscaping with native flora, several gardens and expansive green spaces.

The hotel will be designed to achieve Leadership in Energy and Environmental Design (LEED) certification. The project is estimated to generate more than 400 jobs over the build-out period at a cost exceeding US $170m (€130m, £112m).

Jackie Doak, COO of Dart Realty said: “Ken Dart’s vision is for a welcoming resort that showcases the same Caymanian hospitality that inspired him and his family to return to the island after their first visit more than 25 years ago.

“We were particularly drawn to Kimpton’s passion for creating a vibrant atmosphere in hotels and restaurants equally enjoyed by guests and locals,” she added.