This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

The Ritz-Carlton Announces Plans To Open A Hotel In Eastern Chinese Powerhouse Of Nanjing

Stocks in this article: MAR

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.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs