HONG KONG, Nov. 19, 2013 /PRNewswire/ -- The Ritz-Carlton Hotel Company, L.L.C. is set to open in the former Chinese capital of Nanjing in the first quarter of 2015, marking the luxury hospitality operator's continued drive to bring its brand of iconic luxury experiences to China's vibrant and important cities, in addition to current locations throughout Asia Pacific
Nanjing, in Jiangsu Province, sits astride the Yangtze River basin and has enjoyed a reputation as a vital commerce center for Eastern China. The city of eight million people is home to many UNESCO heritage sites, including tombs from the Ming dynasty. The name Nanjing means "southern capital," ( Beijing means northern capital) and gave the city pre-eminent status until 1927 when the capital of the country moved.
The agreement with Nanjing New Universe Real Estate Development Co, Limited will see The Ritz-Carlton, Nanjing open in the heart of a designated central business district called Xiejiekou, just 30 minutes from the airport. The district also enjoys a reputation as the region's cosmopolitan powerhouse and is home to several department stores and luxury fashion houses.
Featuring 297 rooms and 32 suites, the grand property will also enjoy extensive meeting spaces including a ballroom and seven function rooms. Four restaurants and bars will include a Chinese restaurant serving renowned local Nanjing cuisine. A luxury Spa by ESPA will also form a central part of the well-being experience, alongside the indoor pool and fitness center." Nanjing represents a strategic growth opportunity for The Ritz-Carlton as we double our growth in China," expressed Victor Clavell, Vice President – Asia Pacific. "Spectacular hotels in prime locations with the right partners will allow us to create even more new and exciting experiences for our global affluent guests." About The Ritz-Carlton Hotel Company, LLC The Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, Md., currently operates 83 hotels in the Americas, Europe, Asia, the Middle East, Africa, and the Caribbean. More than 30 hotel and residential projects are under development around the globe. The Ritz-Carlton is the only service company to have twice earned the prestigious Malcolm Baldrige National Quality Award, an award that originated in 1987. Its purpose is to promote the awareness of quality excellence, recognize quality achievements of companies and publicize successful quality strategies. The Ritz-Carlton Hotel Company won the award in 1992 and 1999. For more information, or reservations, contact a travel professional, call toll free in the U.S. 1-800-241-3333, or visit the company web site at www.ritzcarlton.com. The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NASDAQ: MAR). SOURCE The Ritz-Carlton Hotel Company, L.L.C.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts