The Ritz-Carlton Hotel Company, L.L.C. announced the new opening date for its eagerly anticipated property in the Cayman Islands, the country's first ever luxury hotel.

The 365-room Ritz-Carlton, Grand Cayman will open in October 2005 after experiencing a delay owning to Hurricane Ivan. The Residences at The Ritz- Carlton, Grand Cayman, 69 luxury condominiums adjacent to the Seven Mile Beach hotel, will open in June.

"The Ritz-Carlton, Grand Cayman is destined to become one of the region's greatest resorts, offering an extraordinary array of world class golf, spa, dining, tennis and dive programs for the sophisticated traveler," said Simon Cooper, president and chief operating officer.

"As the Caribbean grows in popularity as a destination for luxury travelers, this resort will appeal to those visitors who expect nothing less than the best in service and surroundings."

Originally scheduled to open in December 2004, The Ritz-Carlton, Grand Cayman suffered no structural damage during the hurricane. "We did not have a single window broken," said Jean Cohen, vice president and general manager. "However, we are taking our time moving forward to ensure that our $400 million resort has not been compromised in any way. We will welcome our guests to a world class facility on the Caribbean's safest and most affluent island."

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 blends a lush Caribbean backdrop with classic British-Colonial architecture. In addition to 365 guestrooms and suites, the resort features 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-square-foot luxury retail emporium featuring premium brands, the island's largest ballroom, a tennis center by Nick Bollettieri, the Ambassadors of the Environment by Jean-Michel Cousteau children's program and a Greg Norman-designed nine hole golf course.