The Ritz-Carlton Club, St. Thomas Welcomes Members to Their New Home

Press Release: The Ritz-Carlton Club
June 4, 2002
ST. THOMAS, U.S. Virgin Islands -- With views of Great Bay, The Ritz-Carlton Club, St. Thomas (U.S.V.I.) is now welcoming Members to the newest Ritz-Carlton Club property. Adjacent to The Ritz- Carlton, St. Thomas, The Club offers all the features of a luxury resort, with the privacy of a second home.

Located on the beaches of the eastern tip of St. Thomas, the 80-residence (at build-out) Ritz-Carlton Club, St. Thomas provides Members with personal concierge services, which assist them with their every need prior to and throughout their stay at The Club. Members are offered pre-arrival provisioning of the residence, personal storage and twice-daily housekeeping. Members can also enjoy in-residence dining and the poolside bar and grill, opening in the coming weeks.

The first 21 two- and three-bedroom residences boast exquisite furnishings and an entertainment center in the living rooms; fully equipped, kitchens; dining rooms; well-appointed master bedrooms; bathrooms with cast iron tubs; washers and dryers; and private balconies.

"The opening of The Ritz-Carlton Club, St. Thomas is a great achievement for us," said Bob Phillips, vice president, business development for The Ritz- Carlton Club. "Not only is this new resort a great complement to our growing portfolio, but an ideal destination such as St. Thomas brings a tremendous opportunity for our Members to enjoy fractional, second home ownership in The Ritz-Carlton tradition."

    Members have the privileged use of The Ritz-Carlton, St. Thomas' many
services and amenities, such as:
    *  Aquatic and diving centers
    *  The Ritz-Carlton Spa (opening late 2002)
    *  Fitness Center
    *  The Ritz Kids(R) program
    *  Dining at The Cafe, Iguana's and The Dining Room

The Ritz-Carlton Club, St. Thomas provides deeded, fractional ownership allowing Members and their guests to use a one-twelfth interest, for 21 days annually. Prices for membership at The Ritz-Carlton Club, St. Thomas range from $98,000 to $174,000, depending upon season and residence type owned.

An extension of The Ritz-Carlton Hotel Company, L.L.C., The Ritz-Carlton Club was developed as a luxury tier real estate offering combining the benefits of second home ownership with personalized Ritz-Carlton services and amenities. Designed as a private club, Members have the opportunity to access their Club or other Ritz-Carlton Clubs. For additional information, please call 800-278-0121 or visit the web site at http://www.ritzcarltonclub.com .

SOURCE: The Ritz-Carlton Club