Ritz-Carlton Opening First Hotel in Mexico City in 2019
On Wednesday, the Ritz-Carlton Hotel Company, L.L.C. announced that it would be expanding its Mexican portfolio by opening its first hotel in Mexico City in 2019.
Ritz-Carlton officials stated that when the 153-room Ritz-Carlton, Mexico City is completed, the long-term goal will be to sign a management agreement with local companies, Thor Urbana Capital and Heldan Hotels & Resorts.
While the Ritz-Carlton company already has other hotels and properties throughout the Caribbean and Latin America, this will be its first building in Mexico’s capital city.
This hotel will be a bit unorthodox. It will be part of the Chapultepec Uno mixed-use project, with The Ritz-Carlton, Mexico City occupying floors 36-47 of the new building. The construction project, which is being run by KMD Architects and Taller GLOBAL, will stand 58 floors tall and feature 1.1 million square feet of space when completed, making it one of the tallest buildings in Mexico City.
Ritz-Carlton President and COO Herve Humler released a statement about the expansion into Mexico City:
“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. 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 Ritz-Carlton already has an expansive portfolio in the Caribbean and Latin America, including locations in Santiago, Aruba, Grand Cayman, St. Thomas, Cancun, San Juan, Puerto Rico and more.
The hotel company is also further expanding in the region by adding new facilities in Panama City, Panama, and Los Cabos, Mexico, over the next two years. The expansion project has the short-term goal of helping The Ritz-Carlton reach 100 hotels by the end of 2016.
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