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In mid-October, The Ritz-Carlton Hotel Company announced plans to open their first hotel in Mexico City. Due to be complete in 2019, the property will operate under Thor Urbana Capital and Heldan Hotels & Resorts.
"We are thrilled to collaborate with Thor Urbana Capital and Heldan Hotels & Resorts to expand our presence in the Caribbean and Latin America, particularly in Mexico City — an epicenter of commerce and culture," said Herve Humler, president and chief operations officer for The Ritz-Carlton. "Mexico remains one of the largest and most important international markets for our company, and we are confident that our legendary Ritz-Carlton service and culture is a perfect match for this vibrant, exciting destination."
The new Ritz-Carlton property will occupy floors 36 to 47 of the Chapultepec Uno mixed-use project, an under-construction tower located in Mexico City’s financial center on Avenida Reforma and Circuito Interior. The building is the work of design and architecture firms KMD Architects and Taller Global and, once built, will stand 58 floors tall and possess 1.1 million square feet of space, making it one of the tallest structures in Mexico City. In addition to the new Ritz-Carlton property, it will contain offices and high-end residencies.
"Mexico City is the country's economic, industrial and cultural center," said Jaime Fasja, chief executive officer of Thor Urbana Capital. "We are so proud to be a part of this extraordinary project that we know will bring a new level of luxury hospitality to the city."
The new Ritz-Carlton will have 153 rooms, a prominent view of nearby Chapultepec Park and the brand’s signature services and amenities, including a spa and club lounge. The new property marks the first of several that the brand aims to introduce to the Latin American and Caribbean market.
According to Andoni Gomez de Segura, senior analyst for Thor Urbana, the building’s views and proximity to Polanco high street makes it one of the best locations in the country. Also, the new hotel will fulfill what de Segura called an “underserved luxury hospitality market” in the city.
Alejandro Acevedo, vice president of development for The Ritz-Carlton Hotel Company, LLC and Marriott International, Inc., added that the new property would contain the same level of service and amenities as other Ritz-Carlton properties, but also offer an “authentic reflection of Mexico City” through its design and dining options.
“The Ritz-Carlton had been looking at Mexico City for some time as a key international capital to have a presence in,” Acevedo said. “In line with our broader development strategy, we see Mexico City as a critical gateway market for travel within the region.”