Ritz-Carlton Reserve Set To Debut In Bermuda

CHEVY CHASE, Md., March 16, 2016 /PRNewswire/ -- The Ritz-Carlton Hotel Company, L.L.C., the iconic leader in luxury lodging, today announced plans to unveil its first Ritz-Carlton Reserve resort in Bermuda in 2018. The resort will operate under a long term management agreement with George's Bay Hotel Ltd. and George's Bay Residences Ltd. The announcement marks a significant milestone for the development of Ritz-Carlton Reserve in the Caribbean and Latin America. The project will represent the third Reserve location to open in the region, following the celebrated opening of Dorado Beach, a Ritz-Carlton Reserve in 2012 and the expected opening of Puerto Los Cabos, Ritz-Carlton Reserve in 2018.

Located in an area of historical significance on the western end of Bermuda, the site offers over 2.5 miles of shoreline and includes an expansive peninsula extending into the Great Sound.

"We have watched Bermuda as a destination closely for many years and believe the timing has never been better to introduce what will be a one of a kind, luxury experience to the island," said Herve Humler, president and chief operating officer of The Ritz-Carlton.  "We are delighted to work with such an esteemed partner as George's Bay Hotel Ltd. and we are confident that this resort will offer the most sophisticated travelers an exciting new destination to experience through the eyes of Ritz-Carlton Reserve."

 "This collaboration resonates with the vision that we have for our development and we are thrilled that this stunning setting lends itself to the Reserve promise of sophistication, seclusion and engaging experiences," offered Craig Christensen, president & chief operating officer of Morgan's Point Ltd., the holding company of George's Bay Hotel Ltd. and George's Bay Residences Ltd.  "This announcement, combined with the confidence of The Ritz-Carlton in our beautiful island is meaningful to all Bermudians, as it helps to elevate the allure of the destination and enhance the future of tourism."

Inspired by the notion that the concept of luxury is ever-changing, Ritz-Carlton Reserve is brought to life by its deep focus on elements that speak fluently to connoisseurs of experience. Currently offering three ultra-luxurious, highly personalized and intimate experiences, Ritz-Carlton Reserve was created for guests who measure wealth by the richness of their experiences and yearn for true escape. Ritz-Carlton Reserve is currently represented by Phulay Bay in the village of Krabi, Thailand, Dorado Beach, a Ritz-Carlton Reserve in Puerto Rico, and this past September celebrated the opening of the highly anticipated Mandapa, a Ritz-Carlton Reserve in Ubud, Bali.

The Ritz-Carlton is known for creating an extraordinary environment in which special things happen and where incredible memories are made – where the smallest of things may be the ones that make the biggest difference. Recently named by highly reputed London-based consultancy, Luxury Branding, as the world's most popular luxury hotel brand, The Ritz-Carlton currently offers a collection of seven luxury hotels throughout the Caribbean and Latin America including The Ritz-Carton, Santiago, The Ritz-Carlton, Aruba, The Ritz-Carlton, Grand Cayman, The Ritz-Carlton, St. Thomas, The Ritz-Carlton, Cancun, The Ritz-Carlton, San Juan, and Dorado Beach, a Ritz-Carlton Reserve (Puerto Rico).  In addition to The Ritz-Carlton, Mexico City, future locations in the region include Panama City, Panama (2016), Los Cabos, Mexico (2018) and Mexico City (2019). The Ritz-Carlton portfolio currently includes 91 hotels around the world, with expectations for the brand to reach 100 hotels by the end of 2016.

Note on forward-looking statements: The Ritz-Carlton expectations for future hotel openings in the Caribbean and Latin America region and reaching 100 hotels by the end of 2016 are "forward-looking statements" within the meaning of U.S. federal securities laws and are subject to numerous risks and uncertainties, including changes in market conditions, supply and demand changes for hotel rooms, the availability of capital to finance hotel growth, and other applicable "Risk Factors" that Marriott International discloses in its most recent annual report on Form 10-K, any of which could delay or prevent hotel openings or otherwise cause growth to be different than we anticipate.  We make these forward-looking statements as of the date of this news release, and undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

About The Ritz-Carlton Hotel Company, L.L.C.

The Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, Md., currently operates over 90 hotels in the Americas, Europe, Asia, the Middle East, Africa, and the Caribbean.  More than 40 hotel and residential projects are under development around the globe. For more information or reservations, visit the company web site at www.ritzcarlton.com, and for the latest company updates, visit news.ritzcarlton.com.  The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NASDAQ:MAR).

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SOURCE The Ritz-Carlton Hotel Company, L.L.C.

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