Tony Haddad

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.

The United States-based owner of a $250 million loan is attempting to take control of The Ritz-Carlton, Grand Cayman luxury resort in the Cayman Islands from developer Michael Ryan, OffshoreAlert can reveal.

Amended Writ of Summons in RC Cayman Holdings LLC v. Cesar Properties Ltd., Condoco Grand Cayman Resort Ltd., Frances Doud, Michael Ryan, and Tony Haddad at the Grand Court of the Cayman Islands.

Writ of Summons in RC Cayman Holdings LLC v. Cesar Properties Ltd., Condoco Grand Cayman Resort Ltd., Frances Doud, Michael Ryan, Norman Klein, and Tony Haddad at the Grand Court of the Cayman Islands.