CHEVY CHASE, MD – (MAR. 16, 2016) – 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, Caroline Bay 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.
The Caroline Bay, Bermuda development will feature a 79-room Ritz-Carlton Reserve boutique hotel, residences, spa, restaurants, fashionable shops and a mega-yacht marina. 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.”
“After years of planning, it’s gratifying to announce this milestone project,” said Craig Christensen, president and chief executive officer of Morgan’s Point Ltd., the holding company of George’s Bay Hotel Ltd. and George’s Bay Residences Ltd. “Our intention is to recapture for modern travelers the storied, relaxed glamour of Bermuda during the 1950s and 1960s in ways that feel new, inspiring and are available nowhere else on earth. At the same time, we will celebrate our love of the sea and sailing – both with the upcoming America’s Cup race next year and the future mega-yacht marina for residents and transient sailors alike. Perhaps most important, as a native Bermudian, is that we will share unique insights into our distinctive culture, its art, music and food, while also making a difference in the lives of people who are and will be our future employees.”
“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 Christensen. “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.
