By the Caribbean Journal staff

Ritz-Carlton is planning to open its first hotel in Mexico City, the company announced Wednesday.

The Ritz-Carlton Mexico City is slated to debut in 2019.

The 153-room property will operate under a long-term management agreement with Thor Urbana Capital and Heldan Hotels and Resorts.

“We are thrilled to collaborate with Thor Urbana Capital and Heldan Hotels & Resorts to expand our presence in the Caribbean and Latin America, particularly in Mexico City – an epicenter of commerce and culture,” said Herve Humler, president and COO for Ritz-Carlton. “Mexico remains one of the largest and most important international markets for our company, and we are confident that our legendary Ritz-Carlton service and culture is a perfect match for this vibrant, exciting destination.”

The property will be part of the Chapultepec Uno mixed-use center in the city’s financial center.

“Mexico City is the country’s economic, industrial and cultural center,” said Jaime Fasja, chief executive officer of Thor Urbana Capital. “We are so proud to be a part of this extraordinary project that we know will bring a new level of luxury hospitality to the city.”