Marriott International has announced that it has signed an agreement with luxury hospitality development firm Flag Luxury Group to bring The Ritz-Carlton brand to New York City’s vibrant NoMad neighbourhood, also known as North of Madison Square Park. Flag Luxury Group will develop the hotel and residences tower, which will represent a more than $500 million investment.

“As the first luxury hotel company to bring the legendary service and ambience of its resorts to sea, we are thrilled to offer guests a new way to create memories with The Ritz-Carlton,” said Lisa Holladay, Global Brand Leader for The Ritz-Carlton.

When Ritz-Carlton went into Ras al Khaimah it actually signed two luxury hotels, or rather, two amazing tented camps.