Luxury Hotelier - September 2007 - (Page 58)

58| Development Global project pipeline The Reserve Turks & Caicos Molasses Reef on the island of West Caicos in the Turks & Caicos islands will be the first property in The Reserve, an exclusive new Ritz-Carlton brand. With an emphasis on sense of place, The Reserve brand will offer a singular resort experience blending sophistication and seclusion. Also announced is a partnership with lauded chef Gray Kunz of Café Gray in New York City, who will create the resort’s three dining options, including a signature oceanfront restaurant. Uninhabited for more than 100 years, the island of West Caicos is opening its shores to a new development that will include the 125-room resort, Molasses Reef, a Ritz-Carlton Reserve; a variety of real-estate options, including Ritz-Carlton branded Island Villas and Cottages; a world-class marina; two national parks and a variety of cultural heritage sites. The hotel and first phase of Island Villas will open in late 2008. “With some of the most sublime, virgin beaches and brilliant azure water in the Caribbean, a 500-acre [200-hectare] natural wildlife sanctuary, unspoiled natural beauty, and reachable only by boat, small plane or helicopter, West Caicos is a natural choice for the first ‘The Reserve’ resort,” says Simon F. Cooper, president and chief operating officer of The Ritz-Carlton Hotel Company. “1” Hotel New York Starwood Capital Group will open New York City’s first five-star green hotel when “1” Hotel and Residences debuts during the first half of 2010. The “1” Hotel and Residences is part of a proposed 31-story mixeduse green tower being developed by 40th Street Development, LLC, an affiliate of Ascent Real Estate Advisors, LLC, of New York. The new luxury project will be a green project built to Leadership in Energy and Environmental Design standards. The building is designed by architect Morris Adjmi. Echelon Las Vegas Boyd Gaming Corporation broke ground on Echelon, the multiproperty resort destination planned for the Las Vegas Strip. Bill Boyd, chairman and chief executive officer of Boyd Gaming, and Bob Boughner, president and chief executive officer of Boyd Gaming’s Echelon Resorts, joined top company executives along with executives from its strategic partners, Morgans Hotel Group, Shangri-La Hotels and Resorts, AEG Live and General Growth Properties, at a groundbreaking ceremony. Scheduled to open in the third quarter of 2010, Echelon will span 87 acres [34.8 hectares], including 22 acres [8.8 hectares] available for future development, and include Hotel Echelon (2,500 guestrooms) and the Suites (650 suites) at Echelon; Delano (550 guestrooms) and Mondrian Las Vegas (860 guestrooms), operated by Morgans Hotel Group; and Shangri-La Las Vegas (282 guestrooms and 71 premium suites), operated by Shangri-La Hotels and Resorts. BLT Architects is the executive architect for Echelon. Luxury Hotelier | September 2007 | www.LuxuryHotelier.com http://www.LuxuryHotelier.com

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EDITOR’S LETTER PUBLISHER’S LETTER INFORM NETWORK PERSONALITIES INSIGHT INSIGHT PROPERTIES ROPERTIES INSPIRE DELIVER PROTOCOLS INSIGHT INNOVATE DEVELOPMENT INDULGE INSIGHT CONNECT UPDATE DOSSIER

Luxury Hotelier - September 2007

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