Ritz-Carlton plans to open a Reserve resort on the private Pearl Island in Panama. The hotel, which is expected to open in 2016, will offer 80 rooms, a marina, three pools and a private beach club. "With an abundant forest environment, private beaches, coastal serenity and unspoiled natural attractions, Pearl Island is a perfect site for the Reserve experience," said Ritz-Carlton President and Chief Operations Officer Herve Humler.

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