Ritz-Carlton Unveils $2bn Global Expansion

13th June 2011 (Last Updated June 13th, 2011 18:30)

The Ritz-Carlton Hotel Company has announced a major expansion and development project, representing an investment of more than $2bn. The brand is planning to add properties across the globe by 2016 with a special focus on Asia and the Middle East, bringing the total number of propert

The Ritz-Carlton Hotel Company has announced a major expansion and development project, representing an investment of more than $2bn.

The brand is planning to add properties across the globe by 2016 with a special focus on Asia and the Middle East, bringing the total number of properties to more than 100 around the world by 2016.

Three properties have already opened in the first quarter of 2011, including The Ritz-Carlton, Hong Kong, which is currently the world’s highest hotel; The Ritz-Carlton, Toronto; and The Ritz-Carlton, Dubai International Financial Centre.

Four more properties are scheduled to debut by the end of 2011 including The Ritz-Carlton, Riyadh; The Ritz-Carlton Abu Dhabi, Grand Canal; and The Ritz-Carlton Residences in Toronto and Singapore.

New Ritz-Carlton openings are also scheduled in 2012 including in Chengdu, China; Herzliya, Israel; Rancho Mirage, California; and an expansion of The Ritz-Carlton, Dubai.

2013 will see the addition of properties in Aruba; Dorado Beach, Puerto Rico; Quy Nhon, Vietnam; Panama City, Panama; and Cairo, Egypt, with branded residences scheduled to open in New York and Dorado Beach, Puerto Rico.

In 2014, Ritz-Carlton plans to add properties in Sawangan, Bali; The Residences at Bangkok and Similan Beach in Thailand; four Reserve properties in Muscat, Similan Beach, San Jose del Cabo in Mexico and Tamuda Bay in Morocco; a third property in Kyoto; and a Ritz-Carlton in Rabat, Morocco.

The year 2015 includes plans for a second location in Cairo, Egypt, and Residences in Kuala Lumpur, Malaysia, followed by The Ritz-Carlton, Qingdao in China in 2016.