CBRE Handles $64 Million St. Thomas Ritz Hotel Sale
A Miami team with CBRE Hotels marketed the 180-room Ritz-Carlton St. Thomas after Marriott International added its own power and water desalination plants.
January 19, 2016 at 06:00 AM
4 minute read
A significant increase in profits at the Ritz-Carlton St. Thomas certainly was a boon for the CBRE team arranging the sale of the 30-acre U.S. Virgin Islands luxury resort.
But that also presented a challenge. Potential buyers might be leery that this was a flash in the pan or a sign of volatility.
“They wanted to know that this is not a blip,” said CBRE Hotels' senior vice president Christian Charre, who led a three-member Miami team marketing the 180-room oceanfront resort for Marriott International, Ritz-Carlton's parent company. “We had to convey this is sustainable.”
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