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Ritz Carlton will extend its network in the Caribbean

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Top executives of Ritz Carlton have signed an agreement with the officials of St Lucia to construct a new fancy resort on the island.  Luxury resort will lie on 180 acres at the Black Bay and host tourists in villas as well as in the main hotel building. Range Development, a developer company, aims to get funding for the construction of the branded hotel building through national citizenship by investment programme. Foreign investors will get a chance to buy one of 180 apartment suites.

Many parties will benefit from this project. St Lucia will attract new investors in exchange for citizenship. After the resort is operational, over 500 locals will get new jobs. The renowned luxury subsidiary of Marriott International will benefit from the seventh resort in the Caribbean (so far Ritz Carlton has 91 hotels worldwide). Range Development participates in such projects not for the first time. The developer has several international architectural and property awards. Moreover, Range Developments has successfully fulfilled development projects for Kempinski network in Dominica and Hyatt in St Kitts. 

Source: caribbeannewsnow.com

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