LOS CABOS, Mexico and BETHESDA, Md., Feb. 11, 2011 /PRNewswire/ -- The Ritz-Carlton Hotel Company, L.L.C. announced an agreement with a joint venture between Grupo Questro and Trinity Investments L.L.C. at a signing ceremony today, for The Ritz-Carlton to operate a Ritz-Carlton Reserve to be developed within San Jose del Cabo, Mexico.
The scenic Mexican town will add new luster to the destination with the 2014 opening of the first Ritz-Carlton Reserve project in the country. Nestled along 800 feet of oceanfront along Mexico's Baja Peninsula, 124 private, single-story, oceanfront villas will each have breathtaking panoramic views across the Sea of Cortez in an area of outstanding natural beauty. Historic Los Cabos dates its legacy to the 16th century and the Spanish Conquistadors, but today is known as one of the most desirable vacation getaways in North America.
"We have looked at many sites in Mexico over the years, and believe the location at Los Cabos will offer our sophisticated travelers an exciting new place to explore and enjoy. It is an added pleasure to be working with our solid developers, Grupo Questro and Trinity Investments," said Herve Humler, president, The Ritz-Carlton Hotel Company L.L.C.
"The concept of the resort is simple and yet exudes style and luxurious levels of comfort. It will provide a complete escape to the unexpected; a private, exclusive leisure experience that blends unique elements of the local culture, history, and heritage with intuitive individual service, exquisite indigenous design, casual ambiance, and respect for the surrounding environment," said Humler. Design inspiration for each Reserve is taken from the unique environment in which each property is based. From native architectural signatures and innovative local art, to indigenous furniture and motifs inspired by regional tradition, every design element of a Ritz-Carlton Reserve powerfully locates guests in a sense of place.
Eduardo Sanchez-Navarro, RT, CEO of Grupo Questro, said, "After a great deal of intensive work identifying the site and working on the feasibility and designs, we are delighted to have signed with The Ritz-Carlton as our management company of choice, a globally recognized luxury brand who will add tremendous value to the wonderful 30 acre site." He went on to add, "Every detail of the concept for the Ritz-Carlton Reserve brand extension marries perfectly with the exclusive boutique retreat that we are creating. As the name suggests, it's something very special indeed, it's a limited edition, like a Reserve vintage."
The hotel will offer one, two and three-bedroom villas, each with private infinity plunge pools, outdoor terraces with intimate fireplaces, outdoor showers and butler service. Additional resort features and amenities within the Puerto Los Cabos mixed-use development include a world-class Spa, Desert Botanical Theme Park, Fisherman's Wharf, a 500-slip marina, two private championship golf courses, designed by Jack Nicklaus & Greg Norman and proximity to the town of San Jose del Cabo and the airport.
In addition, the construction of a five star caliber luxury resort in Mexico will bring jobs to Los Cabos, both during the construction phase and once the resort commences operations. The economic impact of A Ritz-Carlton Reserve provides long term benefits to the area and local citizens, and will help to enhance the reputation of Los Cabos as an exclusive destination for international tourists.
The Ritz-Carlton Hotel Company, L.L.C. of Chevy Chase, Md. operates 74 hotels in the Americas, Europe, Asia, the Middle East and Africa. Over 30 projects are under development around the globe including future Ritz-Carlton Reserve openings in The United Arab Emirates, Costa Rica, Puerto Rico and a second in Thailand to join Phulay Bay in Krabi. For more information about Ritz-Carlton Reserve, contact The Ritz-Carlton (U.S.) toll free reservations line at 1 (800) 241-3333, visit the Ritz-Carlton Reserve website at www.ritzcarltonreserve.com, or consult a travel professional. The Ritz-Carlton Hotel Company, L.L.C. is a wholly owned subsidiary of Marriott International, Inc. (NYSE: MAR) – visit www.MarriottNewsCenter.com for company information.
Trinity Investments, LLC ("Trinity") is an international real estate investment company. Its investment focus is primarily in hospitality/resort assets in Hawaii and Mexico, and commercial real estate in Japan. Since its predecessor company was first formed in 1996, Trinity and its affiliates have acquired and developed over $4 billion in real estate assets and companies, including hotels, office buildings, apartments, retail centers, and asset management and hotel management companies. Based in Honolulu, Hawaii, the company also maintains offices in New York and Tokyo. More information can be found at www.trinityinvestments.com.
SOURCE The Ritz-Carlton Hotel Company, L.L.C.