ORLANDO, Fla., Nov. 15 /PRNewswire/ — Today, The Ritz-Carlton Club, the established leader in the fractional ownership industry, introduces two new properties to its portfolio. Miami’s South Beach and San Francisco bring further diversity to the brand and offer Members an unparalleled residential lifestyle — and all with legendary Ritz-Carlton service. Furthermore, San Francisco represents the first urban location for the brand.
“We could not be more overjoyed with these new additions to the brand,” said Robert Phillips, senior vice president of business development. “Our Members have requested for us to pursue opportunities in these destinations, and we are delivering. From locale to vacation and business lifestyles, Members will enjoy the benefits of Ritz-Carlton Club membership in both South Beach and San Francisco.”
In a joint venture partnership with Miami-based developer, Lionstone Development, and full-service real estate development and brokerage firm, Fortune International, The Ritz-Carlton Hotel Company, L.L.C. is bringing The Ritz-Carlton Club and Residences, South Beach to the site of Miami Beach’s famed Seville Hotel. The development will consist of three oceanfront residential towers featuring 44 fractional ownership Club residences, as well as 94 whole ownership Residences. The existing hotel will be revitalized and converted, while developing two additional towers.
In yet another joint venture, The Ritz-Carlton Hotel Company, L.L.C. and Hunter Group are collaborating to develop a new residential property in downtown San Francisco. Positioned on the corner of Market and Kearny Streets, The Ritz-Carlton Club and Residences, San Francisco will occupy the West Coast’s first skyscraper built in 1890 for the former offices of the San Francisco Chronicle. The building is scheduled to undergo renovations to produce 49 Club residences and 52 whole ownership Residences. The project’s restoration will include the re-emergence of the building’s original facade, and the addition of eight new stories.
These Clubs will offer deeded interests with 21 days of usage, with real estate reservations scheduled for release in mid 2006. Pricing, and construction and occupancy dates will be available at a later date.
Designed as a private club, Members have the opportunity to access either their home Club or other Ritz-Carlton Clubs through reciprocal usage privileges. Members also have the opportunity to utilize additional time as available.
For information, please visit http://www.ritzcarltonclub.com/ or call 800.278.0121.