Ritz-Carlton Company first luxury hotel brand to offer custom yacht experiences
Washington, D.C. – July 5, 2017 – Global law firm Greenberg Traurig, LLP's (GT) Hospitality team recently represented maritime consultants Douglas Prothero and Lars Clasen as well as funds managed by Oaktree Capital Management on the hospitality related documents to create The Ritz-Carlton Yacht Collection, in which Ritz-Carlton will enter the luxury yachting and cruises business. The Ritz-Carlton Company reported that it is the first luxury hotel brand to offer custom yacht experiences.
According to the Ritz-Carlton Company, the first of three yachts is scheduled to set sail in the fourth quarter of 2019 and will travel to destinations including the Mediterranean, Northern Europe, the Caribbean, and Latin America. Voyages will range from seven to 10 days and include overnight and daytime ports of call. Each custom-built yacht will have space for 298 guests. Accommodations will include 149 suites, each with its own balcony, and several luxury penthouses. The cruises will feature destination-based activities with local chefs, artists and musicians, a spa, a signature restaurant and bar with on-board entertainment.
The GT team was led by the firm’s Global Hospitality Group Co-Chair Nelson Migdal and included Nicholas Palmer and Michael Margolis.
About Greenberg Traurig’s Global Hospitality Group
Greenberg Traurig’s Global Hospitality Group advises developers, owners and operators of hotel, resort, and club properties, as well as governments, private government corporations, governmental and private financial institutions, and financial consultants on virtually all aspects of their involvement in the hospitality industry in the United States, the Americas, and overseas. The firm's multidisciplinary team brings corporate, real estate, tax, and environmental attorneys together with recognized industry leaders experienced in the development and financing of hotel and resort properties, as well as the design and implementation of club and resort membership programs.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP (GTLaw) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East and is celebrating its 50th anniversary. One firm worldwide, GTLaw has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and among the Top 20 on the 2016 Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.