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Divi Resorts to close Cayman Islands hotel

Tuesday, September 12, 2006

CHAPEL HILL, USA: Divi Tiara Beach Resort in Cayman Brac, the second largest of the three Cayman Islands, has announced its decision to close business operations effective September 23, 2006.

Divi Tiara Beach Resort in Cayman Brac

According to the company, the decision to close the resort was based on certain economic realities of continuing a dive-oriented resort on Cayman Brac, including problems with airlift, which has affected dive guests in particular who need to bring additional gear for their sport; increased competition from the growing number of niche market dive destinations throughout the Caribbean; and weather which in the past years has created real and perceived concerns about travel to the Cayman Islands.

Issues related to weather have also pushed insurance costs too high for coverage and ever increasing levels proposed for the future.

Divi Tiara will continue to serve its dive guests at Divi Flamingo Beach Resort & Casino in Bonaire.

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