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Westin Cayman Island Offering 'Summer Spectacular' for 40 Percent Less

Where: 7 Mile Beach Road, Grand Cayman, Cayman Islands

The stretch of islands most famous for being a tax haven for banks, big money investors and hedge fundy type transactions has some impressively low resort rates this summer.

Starting June 1 through September 6, 2009, the The Westin Casuarina Resort & Spa Grand Cayman located along eight acres of Seven Mile Beach has slashed prices more than 40 percent for their Summer Spectacular. Nightly rates in the 343-room hotel start at $159 for an Island View room and $259 for an Ocean Front room.

With prices this cheap could Grand Cayman be the new West Palm Beach? Victims of Ponzi schemes may have lost millions but they haven't lost their taste for luxury. Hopefully this means the Westin is also dropping the reported (according to Travelocity readers) extra $20 a day resort fee for beach towels and chairs. But we doubt it.