The Ritz-Carlton Hotel Company L.L.C, a wholly owned
Marriott International, Inc.
), is all set to unveil a property in the Island Of Aruba.
Christened The Ritz-Carlton, Aruba, the new property is slated to
open for business on Nov 2, 2013.
The Ritz-Carlton, Aruba is strategically positioned at the
Palm Beach in the eastern coast of Aruba. Located at the southern
Caribbean Sea near Venezuela, Aruba is well-known for its scenic
beauty and historical background. The flourishing tourism
industry of Aruba is a major source of its income.
The Ritz-Carlton, Aruba featuring 320 guestrooms and suites,
also has a meeting space. The resort will also offer 4
restaurants, swimming pools, a casino, spa and fitness
Washington-based Marriott's world-class luxury brand,
Ritz-Carlton currently manages 81 properties across 26 countries
around the world. As of now, The Ritz-Carlton operates as many as
6 hotels exclusively in the Caribbean region.
Owing to the saturation in the U.S market, Marriott is now
exploring new growth opportunities in the international market.
By 2017, Marriott intends to double the number of its hotels in
Latin America and the Caribbean.
Another hotel company
Starwood Hotels & Resorts Worldwide Inc.
) also has a strong presence in the Caribbean region. It
currently owns 13 properties in the region with 1 resort named
The Westin Resort & Casino in Aruba.
Marriott currently carries a Zacks Rank #3 (Hold). Some other
hoteliers that are likely to perform well in the future include
Home Inns & Hotels Management Inc.
Choice Hotels International Inc.
). Home Inns & Hotels Management carries a Zacks Rank #1
(Strong Buy) while Choice Hotels has a Zacks Rank #2 (Buy).
CHOICE HTL INTL (CHH): Free Stock Analysis
HOME INNS&HOTEL (HMIN): Free Stock Analysis
STARWOOD HOTELS (HOT): Free Stock Analysis
MARRIOTT INTL-A (MAR): Free Stock Analysis
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