Marriott International subsidiary The Ritz-Carlton Hotel Company, L.L.C. is planning to add 36 hotels and residential projects throughout the world by 2016 and expects to have more than 100 properties in its portfolio five years from now.
According to Ritz-Carlton, the strategic plan for expansion will range from Morocco to Mexico, and from Cairo to Chicago and will expand the brand to urban capitals and emerging tourist destinations. It will represent an investment of more than $2 billion by owners.
“While the global economy seems to show a recovery and the climate for interest in hotel and residential development looks encouraging, we are pleased that The Ritz-Carlton development pipeline is filled with potential international growth for the company,” says Herve Humler, president and chief operations officer. “Throughout the world, especially in Asia and the Middle East, we expect to be the leading top-tier luxury hospitality and lifestyle brand by 2016.”
In the first quarter of 2011, The Ritz-Carlton Company has already opened three properties, including The Ritz-Carlton, Hong Kong, which it bills as the world’s highest hotel off the ground; The Ritz-Carlton, Toronto; and The Ritz-Carlton, Dubai International Financial Centre. By the end of the year, The Ritz-Carlton, Riyadh (Saudi Arabia), The Ritz-Carlton Abu Dhabi, Grand Canal (United Arab Emirates) and The Ritz-Carlton Residences in Toronto and Singapore are scheduled to open.
This will be followed in 2012 by a record number of anticipated new openings including Chengdu in China; Herzliya in Israel; Rancho Mirage in California; and an expansion of The Ritz-Carlton, Dubai. Two more Ritz-Carlton residential projects are scheduled for Chicago and Montréal.
In 2012, also The Ritz-Carlton, Montréal – an historic landmark property in the downtown area of the city – plans to become a “partner hotel”. Under this arrangement, The Ritz-Carlton Hotel Company will provide sales and marketing support for the independent hotel.
During 2012, also, the third Bulgari-branded hotel is slated to open in London, joining two other locations in Milan and Bali.
By 2013, The Ritz-Carlton plans to open hotels at destinations including Aruba; Dorado Beach in Puerto Rico; Quy Nhon in Vietnam; Panama City, Panama; and Cairo in Egypt. Branded residences are scheduled to open at North Hills, Nassau County (Long Island, New York); and Dorado Beach (Puerto Rico).
“The growth of The Residences by The Ritz-Carlton has been impressive, even with the slowdown in the real estate market of the past few years. Affluent customers are choosing these lifestyle options because of their assurance their condominiums and estate homes will be managed in the same exceptional way as our hotels,” says Humler. “Whether as a second or third home, or a primary residence, The Residences have proven to be a very successful concept with brand loyalists.”
In 2014, The Ritz-Carlton plans to return again to the island of Bali, with a resort at Sawangan. The Residences are slated to open in Bangkok and Similan Beach in Thailand. Four Reserve properties plan to open to guests in Muscat (Oman), Similan Beach, (Thailand); San Jose del Cabo, (Mexico) and Tamuda Bay (Morocco).
During 2014, also, a third Japanese property is scheduled to open in the resort town of Kyoto. Additionally, a Ritz-Carlton hotel is slated to be built in Rabat in Morocco.
The following year, 2015, includes plans for a second location in Cairo at Palm Hills. Residences in Kuala Lumpur, Malaysia are also under development.
This will be followed in 2016 with the anticipated opening of The Ritz-Carlton, Qingdao Green Town, in China.
The Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, Maryland currently operates 75 hotels in the Americas, Europe, Asia, the Middle East, Africa, and the Caribbean. For more information, or reservations, contact a travel professional, or visit the company web site at www.ritzcarlton.com.
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