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Articles Banks & Trusts Canada Cayman Islands Featured Investment Liquidations & Insolvencies USAMarch 12, 2012

Receivers appointed for The Ritz-Carlton, Grand Cayman

mm
By
11 years ago

Topics

Banks & Trusts Canada Cayman Islands Investment Liquidations & Insolvencies
USA
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Keywords

Cesar Hotelco (Cayman) Ltd. Cesar Properties Ltd. Condoco Grand Cayman Resort Ltd. Condoco Properties Ltd. Five Mile Capital Partners
Frances Doud Keith Blake KPMG Kris Beighton Michael Ryan Ritz-Carlton Tony Haddad
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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

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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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