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Ritz-Carlton West Caicos Hits a Hostage Snag

October 20, 2008 at 9:15 AM | by | Comments (0)

A year ago we were dreaming of finding buried treasure at the Ritz-Carlton West Caicos Reserve, which was meant to be up and running by late 2008--that's any minute now. But news out of the West Caicos makes it sound rather sure that we're going to have to wait a bit longer for our luxury eco-resort stay.

We last week of something as exciting as hostage-taking on the island, somehow related to the Ritz-Carlton development. Turns out that the entire resort project went on hold a few weeks ago when the financing bank became insolvent and the Chinese workers there hadn't been paid since June--so they took their Israeli bosses hostage and demanded their pay.

It's all been sorted out now (and they've been paid, apparently) but it doesn't look good for the Ritz-Carlton West Caicos part of the deal. No word yet on whether building will start again soon but clearly a late 2008 opening is out of the question.

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