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Screen shot 2011-02-11 at 5.03.28 PMRITZ-CARLTON ANNOUNCES FUTURE RITZ-CARLTON RESERVE HOTEL IN PUERTO LOS CABOS

LOS CABOS, Mexico, February 11, 2011 - The Ritz-Carlton Hotel Company, L.L.C. announced an agreement with a joint venture between Grupo Questro and Trinity Investments L.L.C. at a signing ceremony today, for The Ritz-Carlton to operate a Ritz-Carlton Reserve to be developed within Puerto los Cabos in San Jose del Cabo, Mexico. The scenic Mexican town will add new luster to the destination with the 2014 opening of the first Ritz-Carlton Reserve project in the country. Nestled along 800 feet of oceanfront along Mexico’s Baja Peninsula, 124 private, single-story, oceanfront villas will each have breathtaking panoramic views across the Sea of Cortez in an area of outstanding natural beauty. Historic Los Cabos dates its legacy to the 16th century and the Spanish Conquistadors, but today is known as one of the most desirable vacation getaways in North America. “We have looked at many sites in Mexico over the years, and believe the location at Los Cabos will offer our sophisticated travelers an exciting new place to explore and enjoy. It is an added pleasure to be working with our solid developers, Grupo Questro and Trinity Investments.” said Herve Humler, president, The Ritz-Carlton Hotel Company L.L.C.

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