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The company plans to open five new resorts per year over the next five years as well as execute major renovations to five current resorts per year.
Scheduled to open in 2021, the resort will be built on the site of a former sugar cane plantation.
The Grand Cayman resort opened in 2016 and was the boutique brand's first Caribbean hotel and first luxury property.
The island welcomed a record high of 690,000 visitors, a 4% increase over the island's previous best of 664,000 in 2007.
The ship, which doesn't have a name yet, will enter service in November 2019.
The company's chief marketing officer talks about its five newly acquired Jamaica resorts.
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