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Ritz-Carlton to open second property in Arizona
Friday, October 19, 2007
The Ritz-Carlton Hotel Company will join with Cottonwood Properties and Greenbrier Southwest Corporation to open a 250-room golf and spa resort, along with single-family residences in the high Sonoran desert, northwest of Tucson, Arizona in the scenic town of Marana.

Scheduled for a late 2009 opening, The Ritz-Carlton, Dove Mountain and The Residences at The Ritz-Carlton, Dove Mountain will anchor the largest branded resort/residential community managed by the luxury hotel company. The $160 million project will be the second Ritz-Carlton in Arizona, joining the The Ritz-Carlton, Phoenix.

We have long hoped to open a world-class resort in the Arizona desert, and we believe the Dove Mountain project, which includes Jack Nicklaus Signature golf courses and a 17,000 square foot spa, will appeal to affluent leisure travelers as well as groups seeking a resort for meetings in a luxury environment. For homeowners desiring either a vacation retreat or a Sonoran Desert home, the Dove Mountain location offers the serenity of an exclusive desert setting and private homes, plus the added convenience of the city of Tucson less than thirty minutes away, said Simon F. Cooper, president and chief operating officer of The Ritz-Carlton Hotel Company.
Rania Deimezi - Friday, October 19, 2007
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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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