Operating agreement for the management of a new Ritz-Carlton Hotel on Pearl Island

Arias, Fábrega & Fábrega acted as counsel to Marriott International Inc. in the negotiation of the operating agreement for the management of a Ritz-Carlton Hotel to be built on Pearl Island, a 3,500 acre private island situated 45 miles south of Panama City, as well as various ancillary agreements. 
 
In addition to the hotel, the parties also intend to develop approximately 80 whole ownership luxury single-family residences on the site adjacent to the hotel, under the Ritz-Carlton Brand.
 
ARIFA is currently working with Marriott International to create a corporate and management structure that protects the Ritz-Carlton Brand and ensures that the project is operated as an exclusive, luxury destination.