The property was developed by the Portuguese group Promovalor and Brazilian group Odebrecht Realizações Imobiliárias under a long-term management contract with Sheraton Hotels & Resorts.

Located at 6261 Collins Avenue at 62nd Street, this contemporary, full-service hotel will feature 231 all-new guest rooms and is set within the quickly emerging sub-market known as ‘Millionaire’s Row’, that is filled with restaurants, nightlife, entertainment and shopping.

World-class luxury hotel brand Ritz-Carlton is in advanced negotiations to operate a multi-story hotel and condominium project in Turks and Caicos Islands, replacing the much-vaunted JW Marriott hotel and casino development which was earmarked for Grace Bay, on the island of Providenciales.