
The global launch of the Ritz-Carlton Hotel group's new Ritz-Carlton Reserve brand is scheduled to take place in Thailand.
Phulay Bay, A Ritz-Carlton Reserve is set to make its debut in Krabi, Thailand, by December 2009. The resort, which features 54 keys, will be the flagship property of the brand in Asia.
Owned by PB Partner Group, the resort was developed at a total investment cost of approximately US$90 million.
According to Ritz-Carlton, the company is targeting to manage at least 20 properties under the brand in Asia by 2014.
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