The Ritz-Carlton, Grand Cayman On Track for Late Fall Opening

Sales Brisk for Luxury Residences as Last Stage of Construction Shifts into High Gear

GRAND CAYMAN, Cayman Islands, May 31 /PRNewswire/ — The Ritz-Carlton, Grand Cayman is nearing completion and remains on track for a late fall opening, according to developer Michael “Mike” Ryan. Meanwhile, sales remain strong for the multi-million dollar private residences located on property which are anticipated to be the ultimate in luxurious living in the Caribbean.

“The development of The Ritz-Carlton, Grand Cayman and The Residences at The Ritz-Carlton, Grand Cayman has been a remarkable team effort by some of the most outstanding and trusted names in the world,” Ryan said. “This includes The Ritz-Carlton Hotel Company, LLC, the renowned chef Eric Ripert of Le Bernardin, La Prairie Spa, the legendary golfer and designer Greg Norman, oceanographer Jean-Michael Cousteau, and Nick Bollettieri, tennis coach to the stars. All of us are tremendously reassured and excited to be in the final stretch before opening.”

“I am particularly pleased that so many discriminating world travelers have demonstrated their faith in the project by already signing agreements to purchase our ocean-front residences,” Ryan added. “At this rate, we anticipate all 69 private Residences to be sold around the time our development company turns the hotel over to The Ritz-Carlton, Grand Cayman management team in the fall.”

A labor force of some 900 will be hard at work in June finishing interiors and swimming pools, laying marble in luxury residences, and installing sculptures and landscaping, the development company reports. Greg Norman Golf Course Design, meanwhile, is in the final stages of constructing the resort’s golf course. Greg Norman lends his name only to projects which offer an exceptional golf experience, and The Ritz-Carlton, Grand Cayman project is one of the few that Norman’s company is building as well as designing.

For more information on The Residences at The Ritz-Carlton, Grand Cayman, please visit http://www.residences-cayman.com/.

About The Ritz-Carlton, Grand Cayman

Situated on 144 acres stretching sea-to-sea from the acclaimed Seven Mile Beach to the North Sound, The Ritz-Carlton, Grand Cayman and The Residences at The Ritz-Carlton, Grand Cayman, blend a lush Caribbean backdrop with classic British-Colonial architecture. Developed by Michael Ryan, the resort features 365 guestrooms and suites, the first La Prairie Spa in the Caribbean, five dining venues including two restaurants by Eric Ripert of top-ranking New York restaurant Le Bernardin, several bars and lounges, a 6,000 sq. ft. luxury retail emporium featuring premium brands, the island’s largest ballroom, a tennis center by Nick Bollettieri, Ambassadors of the Environment by Jean- Michel Cousteau children’s program, and a Greg Norman-designed nine hole golf course.

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