Ritz-Carlton, St. Thomas, commands $64 million

The 180-room Ritz-Carlton, St. Thomas
The 180-room Ritz-Carlton, St. Thomas

Marriott International sold the Ritz-Carlton, St. Thomas, in the U.S. Virgin Islands for $64 million, according to real estate brokerage CBRE.

The new owner is Ashford Hospitality Prime, also known as Ashford Prime, is a real estate investment trust (REIT) focused on investing in luxury hotels. The resort will continue to operate under the Ritz-Carlton brand under a long-term management agreement.

A unit of CBRE called CBRE Hotels arranged the sale of the Ritz-Carlton, St. Thomas, a 180-room property at a 30-acre oceanfront location.

U.S. News and World Report this year named the Ritz-Carlton St. Thomas one of the best hotels in the U.S. Virgin Islands.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

The resort hotel was built in 1992 and has operated as a Ritz-Carlton property since 1996. A renovation of the property costing $22.2 million was completed in January 2014.

Recreational amenities include a beachfront infinity-edge swimming pool and Jacuzzi, a kiddie pool with two fountains, two additional swimming pools and Jacuzzis, a 2,000-square-foot fitness center, and two tennis courts with a synthetic grass surface.

CBRE Hotels’ Christian Charre, Paul Weimer and Natalie Castillo marketed the property on behalf of Marriott International.