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Receivers appointed for The Ritz-Carlton, Grand Cayman

March 12, 2012 by David Marchant

HIGHLIGHTS

  • KPMG (Cayman) partners appointed as Joint Receivers by $250 m creditor RC Cayman Holdings LLC, of Delaware
  • The Receivership "will have no noticeable impact upon the day-to-day operations of the Resort", say Receivers
The Ritz-Carlton Grand Cayman luxury hotel and residences development in the Cayman Islands was placed into receivership today by Delaware-domiciled RC Cayman Holdings LLC, which is the owner of a $250 million loan.

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