The Ritz-Carlton Reserve Bermuda has officially broken ground.

The hotel, which will be known as the Ritz-Carlton Reserve Caroline Bay, Bermuda, is slated to debut on the island in 2018.

It is the product of a long-term management agreement with George’s Bay Hotel Ltd and George’s Bay Residences Ltd.

The property will be the third Ritz-Carlton Reserve to open in the wider region, along with the existing Dorado Beach, a Ritz-Carlton Reserve and the planned opening of Puerto Los Cabos, Ritz-Carlton Reserve in 2018.

The hotel is set on the western end of Bermuda with 2.5 miles of shoreline on a peninsula that extends into the Great Sound.

“We have watched Bermuda as a destination closely for many years and believe the timing has never been better to introduce what will be a one of a kind, luxury experience to the island,” said Herve Humler, president and chief operating officer of The Ritz-Carlton. “We are delighted to work with such an esteemed partner as George’s Bay Hotel Ltd. and we are confident that this resort will offer the most sophisticated travelers an exciting new destination to experience through the eyes of Ritz-Carlton Reserve.”

The groundbreaking ceremony saw Humler together with Bermuda Premier Michael Dunkley and Morgan’s Point CEO Craig Christensen, along with more than 40 local government and business leaders.

“We are deeply honored to become members of the fiber of this great destination and to enhance the glamour of Bermuda not only for today’s most affluent travelers, but for Bermudians,” Humler said. “I began my hospitality career in Bermuda, so this is a very special moment not only for The Ritz-Carlton, but for me personally. We come not just as global hoteliers presenting a stunning, five-star luxury property, but also aspiring to be active members of the local community.”