The Ritz-Carlton Hotel Company LLC, one of the world-class
luxury brands of
Marriott International, Inc.
), recently announced the opening of a property in Herzliya,
Israel. The property, christened The Ritz-Carlton, Herzliya,
marks the brand's debut in the country.
Ideally positioned at Tel Aviv's Herzliya Marina, the new
hotel lies in proximity to the Mediterranean coast and Silicon
Valley of Israel. The natural beauty, pristine beaches and
economic as well as historical background encouraged Marriott to
Comprising 115 guest rooms and 82 suites, Ritz-Carlton,
Herzliya provides a spectacular view of the Mediterranean Sea and
signature brand amenities like Ritz-Carlton Spa, fitness center,
six restaurants and pool bar. We believe the hotel's strategic
location will boost both leisure and business travel in the
Israel has been one of the world's leading tourist
destinations blessed with beautiful beaches and historical
attractions. The tourism industry, contributing about 6.4% of the
GDP, is one of the country's major sources of income. These
factors justify Marriott's decision of bringing its Ritz-Carlton
Hotel brand to the country.
Acquired in 1998, the Swiss brand - Ritz-Carlton - has grown
steadily ever since. The brand consists of luxurious properties
and distinctive resort locations across 26 countries. Currently,
Ritz-Carlton owns and manages 85 properties worldwide with as
many as 10 hotels exclusively in the Middle East region.
The company presently has a Zacks Rank #2 (Buy). Some
better-ranked stocks in the hotels sector include
Home Inns & Hotels Management Inc.
Orient-Express Hotels Ltd.
Wyndham Worldwide Corporation
). All these hoteliers carry a Zacks Rank #1 (Strong Buy).
HOME INNS&HOTEL (HMIN): Free Stock Analysis
MARRIOTT INTL-A (MAR): Free Stock Analysis
ORIENT EXP HOTL (OEH): Free Stock Analysis
WYNDHAM WORLDWD (WYN): Free Stock Analysis
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