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Contractors file $16M of liens on Royal Caribbean’s Miami headquarters project

August 26, 2020

Construction Dive reached out to Royal Caribbean about the liens but had not received a response by press time.

During the company’s second-quarter 2020 earnings call earlier this month, Richard Fain, Royal Caribbean CEO and president, said all capital projects had been postponed or canceled as the cruise industry waits to “get beyond this epidemic.”

The company recently announced that it secured a $700 million loan facility from Morgan Stanley but said the proceeds, if drawn, would be used for general corporate purposes. There was no specific mention of paying past due bills on the headquarters project in Miami.

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