Thursday May 9th, 2013 - 9:36AM
MIAMI—The Ritz-Carlton Reserve Dorado Beach was named Development of the Year 2012 at the Caribbean Hotel & Resort Investment Summit.
The award was presented during the conference, which was held at the JW Marriott Marquis Miami here earlier this week, The property opened this past December in San Juan, Puerto Rico, on the site of the original Laurence Rockefeller resort at the Dorado Beach Campus.
The Single Asset Transaction of the Year for 2012 also was awarded at the event. There was a tie between the Fairmont Hamilton Princess in Hamilton, Bermuda, and the Key West Luxury Village (former Veranda Resort & Residences) in Providenciales, Turks & Caicos Islands.