Investment Never Looked Better

04 Aug 2017
Representatives from Range Developments, Ritz-Carlton and the Government of Saint Lucia

Prime Minister Joins Commemorative Ceremony Celebrating Launch of Project

CASTRIES, SAINT LUCIA – August 3rd 2017 – The Ritz-Carlton Hotel Company, L.L.C., part of Marriott International (NASDAQ: MAR) has signed a management agreement with Range Developments to open a Ritz-Carlton property in Saint Lucia in 2021, bringing the award-winning luxury brand for the first time to the Eastern Caribbean island known for its lush, mountainous terrain and expansive beaches.

The 180-room Ritz-Carlton, Saint Lucia will be located on the picturesque southern tip of the island, on the Caribbean southwest coast. Not only will the hotel be within easy reach of Hewanorra International Airport – which has seen increased airlift catering to luxury travellers in recent years – it also will be in close proximity to the famous twin volcanoes known as the “Pitons,” two spires that rise dramatically from the sea. The Pitons are a UNESCO World Heritage Site.

Among the hotel’s many amenities will be ample meeting and group space both indoors and out; multiple dining facilities, all with outdoor seating; a spa that includes an outdoor treatment area; and several swimming pools, including one that will be designated as a quiet relaxation area only for adults.

Today, the Prime Minister of Saint Lucia, Allen Chastanet, and other members of the cabinet joined the principals of Range Developments and representation from Marriott International and The Ritz-Carlton to commemorate the signing of the agreement to build The Ritz-Carlton, Saint Lucia. The Honourable Prime Minister Allen Chastanet noted that this was an historic and significant event in the continuing development of tourism on the island.

“We are delighted to see this first step in what will be a major project on the southern tip of the island,” said PM Chastanet. “We have maintained that our focus is on enhancing our tourism offerings and we are committed to ensuring sustainable investment and employment in Saint Lucia and particularly in the south. I am elated that we have such eminent partners in this project in what is surely going to be one of the best resorts in the Caribbean.” 

“We are delighted to bring The Ritz-Carlton to the stunning island of Saint Lucia, and are happy to have found the right partner and opportunity to do so,” said Hervé Humler, President and Chief Operating Officer, The Ritz-Carlton Hotel Company, L.L.C. “We’re excited about the increased demand for luxury travel offerings on Saint Lucia and look forward to welcoming guests to experience the unparalleled service of The Ritz-Carlton against such a breathtaking backdrop.”

The Ritz-Carlton, Saint Lucia is the anchor of a larger development project led by Range Developments, a multi-phase project currently titled the “Black Bay Master Development”, set on a total of 180 acres. The project will be developed under the country’s Citizenship-by-Investment programme.

Range Developments has received plaudits and awards both for its designs and robust and innovative corporate social responsibility activities.

“This will be our third major luxury development in the Caribbean and we are delighted to be working with the Government of Saint Lucia,” says Mohammed Asaria, Vice Chairman of Range Developments. “Range is aggressively expanding in the Caribbean and we are excited to bring the legendary Ritz-Carlton brand to this exclusive destination.” 

The Ritz-Carlton, Saint Lucia will be designed and built to the highest standards. The project is estimated to create about 500 jobs on the island during construction, with a similar amount once the hotel is operational.

Saint Lucia’s natural beauty attracts travellers who wish to immerse themselves in stunning surroundings, with ample opportunities for hiking, sailing, swimming, and many other watersports. Travelers are drawn to the island’s mountainous terrain, waterfalls, natural hot springs, coral reefs, and seemingly endless beaches.

 

About The Ritz-Carlton Hotel Company, LLC

The Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, MD., part of Marriott International, Inc., currently operates more than 90 hotels and 40 residential properties in more than 30 countries and territories. The Ritz-Carlton is proud to participate in the industry’s award-winning loyalty program, Marriott Rewards® which includes The Ritz-Carlton Rewards®. Members can now link accounts with Starwood Preferred Guest® at members.marriott.com for instant elite status matching and unlimited points transfer. For more information or reservations, visit the company web site at www.ritzcarlton.com, for the latest company updates, visit news.ritzcarlton.com and to join the live conversation, use #RCMemories and follow along on Facebook, Twitter, and Instagram. The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NASDAQ:MAR).

 

About Marriott International

(NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 6,100 properties in 30 leading hotel brands spanning 124 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company also operates award-winning loyalty programs: Marriott Rewards®, which includes The Ritz-Carlton Rewards®, and Starwood Preferred Guest®. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.

 

About Range Developments:

Range Developments is an international property developer focusing on high- end hotel resorts in the Caribbean that are well-designed, sustainable and desirable. The Park Hyatt St Kitts won the prestigious Best New Hotel Construction and Design St. Kitts & Nevis award at The International Property Awards 2014-2015. It also won the coveted award of Best New Hotel Construction and Design in the Caribbean 2014-2015. Work on the Cabrits Resort Kempinski in Dominica is advancing with pace.

 

FOR FURTHER INFORMATION, CONTACT:

Range Developments:

Rupert Wright

Email: rw@ashbright.com

+ 44 7557 371908

The Ritz-Carlton:

Tavia Robb

Email: tavia.robb@ritzcarlton.com

+ 1 786 449 4397