Ritz-Carlton Expands Fractional Ownership at Its St. Thomas Property
ST THOMAS, June 10, 2005. Building on its overwhelming popularity, the nearly sold-out Ritz-Carlton Club, St. Thomas, announces today the start of sales for 24 new fractional ownership Club Suites. Sold in the same 21-day interests as the resort's current residences, first occupancy for the Club Suites is slated for this December.
Construction is scheduled to commence next week for the new oceanfront suites. They will reside in two existing buildings previously part of the adjacent Ritz-Carlton, St. Thomas. Consisting of two-bedroom floor plans averaging 1,500 square feet, the 24 Club Suites will reflect Mediterranean d'ecor boasting a casually elegant dining area; kitchenette with granite countertops, under-the-counter refrigerator, dishwasher and microwave; richly-appointed master bedrooms with down comforters and pillows and walk-in closets; Turkish marble in the bathrooms with cast iron tubs; full-size washer and dryer; and picturesque views of Great Bay from the balconies. Additionally, an exclusive Member-only clubhouse will provide light meals throughout the day. "The tremendous response to The Ritz-Carlton Club, St. Thomas has been exciting to witness," said William Coker, director of sales and marketing. "We already have some early interest in the Club Suites from our current Members and their friends and family, so brisk sales are likely to continue."
In the tradition of Ritz-Carlton service excellence, The Club provides Members pre-arrival provisioning of their residence, dining at a variety of on-property restaurants and the privileged use of the services and amenities available at The Ritz-Carlton, St. Thomas.
Located on the eastern tip of St. Thomas on a half-mile stretch of beach, the private Club provides a luxurious vacation home in paradise -- without the maintenance and responsibilities associated with home ownership. It features deeded, fractional ownership allowing Members and their guests to use a one- twelfth interest for 21 days annually. Members also have the opportunity to utilize supplemental time as space allows, and reciprocal use privileges with other Ritz-Carlton Club locations. Membership prices for the new Club Suites start at $132,000 per interest.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
