Treasure in short supply as resort goes bust

| 25/11/2014

(CNS Business): The future of one of Grand Cayman’s long standing resorts is in jeopardy after receivers were appointed last week to deal with Treasure Island. Restoration Cayman Ltd, the company that owns the 280-room resort on Seven Mile Beach in the heart of the tourist district, has gone into receivership in the face of serious financial problems. According to a release from the local firm Zolfo Cooper, which provides corporate advisory and restructuring services, its partners, Tammy Fu and Eleanor Fisher, have been appointed as joint receivers of the struggling company. Read more on CNS Business

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