The Ritz-Carlton Hotel Company, L.L.C. today announced plans to open its first hotel in Mexico City in 2019. Upon completion, the 153-room Ritz-Carlton, Mexico City will operate under a long term management agreement with Thor Urbana Capital and Heldan Hotels & Resorts.
The hotel marks a significant milestone for Ritz-Carlton development in the Caribbean and Latin America, representing its entrée into one of the region’s most prominent capital cities.
“We are thrilled to collaborate with Thor Urbana Capital and Heldan Hotels & Resorts to expand our presence in the Caribbean and Latin America, particularly in Mexico City – an epicenter of commerce and culture,” said Herve Humler, president and chief operations officer for The Ritz-Carlton. “Mexico remains one of the largest and most important international markets for our company, and we are confident that our legendary Ritz-Carlton service and culture is a perfect match for this vibrant, exciting destination.”
The hotel will be part of the Chapultepec Uno mixed use project, prominently located at the intersection of Avenida Reforma and Circuito Interior in the heart of the city’s financial center. Once completed, the stunning structure will include 58 floors and 1.1 million square feet of space, rendering it one of the tallest buildings in the city. KMD Architects and Taller GLOBAL are leading the design and architectural efforts for the project.
The Ritz-Carlton, Mexico City will occupy floors 36-47 of the building, featuring unobstructed views of Chapultepec Park. The hotel will include signature Ritz-Carlton luxury services and amenities including a Club Lounge and spa.
“Mexico City is the country’s economic, industrial and cultural center,” said Jaime Fasja, chief executive officer of Thor Urbana Capital. “We are so proud to be a part of this extraordinary project that we know will bring a new level of luxury hospitality to the city.”
“Travel to Mexico continues to grow for both business and leisure travel throughout the Caribbean and Latin America region and for inbound travel to the United States,” said Gabriel Helfon, chief executive officer of Heldan Hotels & Resorts. “This project will play a helpful role in the continued emergence and success of Mexico City as a leading international destination.”
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) and Los Cabos, Mexico (2017). The Ritz-Carlton portfolio currently includes 90 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 quarterly report on Form 10-Q, 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.