U.S. Markets closed

The Luxury Collection Unveils Debut Property in the Seychelles

North Island Joins The Luxury Collection as the Portfolio's First Private Island Destination

NEW YORK, Dec. 5, 2019 /PRNewswire/ -- The Luxury Collection today announced the arrival of North Island, Seychelles into their portfolio of world-renowned hotels and resorts. With just 11 villas, Africa's most exclusive private island is located 30 kilometres from the mainland and is accessible by a scenic helicopter flight or an hour boat ride, giving guests an immediate sense of escapism.

Honeymoon Beach on North Island, a Luxury Collection Resort, Seychelles.

Following its history as a coconut plantation, the granitic island is now a sanctuary for endangered species; luminous beaches and clear blue seas welcome nesting sea turtles, and the Palm forests are home to giant Aldabra tortoises and rare Seychelles white-eye birds. The island has been expertly designed and with pioneering conservation programs, offers the highest standards of hospitality, earning them status as an award-winning sustainable travel destination. With a mission to demonstrate that luxury with a conscience can co-exist, sustainability lies at the heart of North Island's philosophy and will be further embraced and supported with The Luxury Collection. The operational responsibility of the resort will remain with ASMALLWORLD, the world's leading travel & lifestyle community. 

"North Island has always skilfully combined a sustainable and environmentally conscious management philosophy with the ambition to provide a truly immersive, barefoot-luxury experience. Whilst maintaining our identity and ethos, our work with The Luxury Collection will allow us to maximise our awareness in our continued efforts in pioneering sustainable luxury travel." – Jan Luescher, CEO of ASMALLWORLD

Eleven private guest and family villas line the island; each villa has been created using local materials harvested during the island's rehabilitation process, expertly balancing luxury and simplicity. An haute-couture Robinson Crusoe aesthetic has been applied through interiors celebrating the sheer indulgence of volume and space.

"North Island is one of the most rare and luxurious destinations in the world, making it a natural fit for The Luxury Collection and our global explorers who seek authentic experiences and connections to both pristine nature and elevated personalization," said Anthony Ingham, Global Brand Leader, The Luxury Collection. "This is the first private island within The Luxury Collection portfolio, and we're delighted to be expanding our footprint of captivating destinations with storied pasts and protected futures."

The island not only offers a calming refuge from the modern world, but also an invigorating, refreshing getaway connected to the island's natural beauty. Aquatic explorers can take part in snorkeling, diving, fishing, sunset cruises, kayaking, paddle boarding and surfing. Bespoke guided excursions for those looking to explore the granite peaks or coral reefs are also available. Whilst on land, forest trails can be explored by foot, bicycle or private buggy, or guests can simply relax on one of the island's four pristine beaches located at each end of the compass. The island is also the ultimate playground for families and children, with a Beach Buddy program tailormade to interests and hobbies. Parents are invited to take part, or can find their own relaxation whilst children remain supervised. 

As part of a new culinary concept, Michelin-Star Chef Akira Back, brings his fine dining concept to the Piazza at North Island. The various dining venues lend themselves to a range of outstanding epicurean experiences with menus changing daily according to the latest island harvest. The Piazza is situated on the ocean front and offers candlelit, private dining utilizing the freshest ingredients from both land and sea. The more relaxed Sunset Beach Bar offers tapas and cocktails during sunset. In-villa dining centers on a comfort food menu featuring local Creole curries or classic dishes, complemented by a generously stocked villa pantry.

The North Island Spa is dwarfed by giant granite peaks, enjoys an open sea breeze and overlooks turquoise waters. Guests are invited to the spa on arrival where they are immediately immersed in 'island life' with each tailor-made treatment starting with a 'barefoot ritual'. A private consultation to create a bespoke spa experience is then formulated as part of a holistic journey of visual and textural contrasts, arousing the senses and rejuvenating mind, body and soul.

With 2020 rates from US$6000 per night, North Island offers an inimitable experience that seeks to offer a contrasted way of life; rough and smooth, old and new, wet and dry, casual and refined, where footprints are the only evidence on the island's vast, untouched beaches.

For more information visit https://www.marriott.com/hotels/travel/sezlc-north-island-a-luxury-collection-resort-seychelles/

About The Luxury Collection® Hotels & Resorts
The Luxury Collection®, part of Marriott International, Inc., is comprised of world-renowned hotels and resorts offering unique, authentic experiences that evoke lasting, treasured memories. For the global explorer, The Luxury Collection offers a gateway to the world's most exciting and desirable destinations. Each hotel and resort is a unique and cherished expression of its location; a portal to the destination's indigenous charms and treasures. Originated in 1906 under the CIGA® brand as a collection of Europe's most celebrated and iconic properties, today The Luxury Collection brand is a glittering ensemble, recently surpassing 119 of the world's finest hotels and resorts in more than 30 countries and territories. All of these hotels, many of them centuries old, are internationally recognized as being among the world's finest. For more information and new openings, visit theluxurycollection.com or follow Twitter, Instagram and Facebook. The Luxury Collection is proud to participate in Marriott Bonvoy, the new name of Marriott's travel program replacing Marriott Rewards®, The Ritz- Carlton Rewards®, and Starwood Preferred Guest® (SPG). The program offers members an extraordinary portfolio of global brands, experiences on Marriott Bonvoy Moments and unparalleled benefits including earning points toward free hotel stays and nights toward Elite status recognition. To enrol for free or for more information about the program, visit MarriottBonvoy.marriott.com.

About Marriott International
Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 7,200 properties under 30 leading brands spanning 134 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company now offers one travel program, Marriott Bonvoy™, replacing Marriott Rewards®, The Ritz-Carlton Rewards®, and Starwood Preferred Guest®(SPG).  For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.

About ASMALLWORLD
ASMALLWORLD is the world's leading travel & lifestyle community, focusing on experiences: the modern-day definition of luxury. Centred around the ASMALLWORLD social network, the company operates a digital travel & lifestyle ecosystem which enables and inspires members to make new connections, travel better, and experience more. Members of the ASMALLWORLD social network connect through our app and website, where they can meet other members, engage in online discussions, receive travel and lifestyle inspiration, and enjoy a wealth of travel privileges. Members also meet in person at over 1'000 global ASMALLWORLD events every year, ranging from casual get-togethers in major cities around the world, access to exclusive launches, shows, galas, soirees, exhibitions, major global sporting events, and larger flagship weekend experiences hosted in iconic destinations such as Saint-Tropez, Marbella, and Gstaad. ASMALLWORLD, through its hotel management company ASMALLWORLD Hospitality, also manages the iconic North Island resort in the Seychelles, one of the world's most prestigious luxury resorts.

Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/the-luxury-collection-unveils-debut-property-in-the-seychelles-300969370.html

SOURCE Marriott International, Inc.

  • What's the Average 401(k) Balance by Age?
    Business
    Investopedia

    What's the Average 401(k) Balance by Age?

    It can be hard to determine exactly how much you'll need for your own post-career days, but finding out how others are planning—or not—can offer a benchmark for setting goals and milestones. k) Plan Balances by Generation The good news is that Americans have been making an effort to save more. According to Fidelity Investments, the financial services firm that administers more than $7.4 trillion in assets, the average 401(k) plan balance reached $106,000 in the second quarter of 2019.

  • 42% of people say this is why they aren't investing in the stock market
    Business
    Yahoo Finance

    42% of people say this is why they aren't investing in the stock market

    A recent JPMorgan Chase survey of about 1,200 investors and non-investors says it boils down to liquidity. The survey found that 42% of those who weren't investing yet were staying out of the stock market because they believed they didn't have enough money to invest. Kelli Keough, digital wealth management head at JPMorgan Chase, tells Yahoo Finance's “The First Trade” non-investors, those who are not in the stock market, say it's a struggle to save enough money to invest.

  • The 10 Best Value Stocks to Own in 2020
    Business
    InvestorPlace

    The 10 Best Value Stocks to Own in 2020

    The past five years have not been good for buyers of value stocks. Overall, value stocks have been underperforming their growth brethren since at least 2007. Arnott went on to suggest that if the economy slows down at some point in 2020, growth stocks will have nowhere to hide — leaving value stocks to attract the lion's share of the buyers.

  • Top Tips to Reduce Required Minimum Distributions
    Business
    Investopedia

    Top Tips to Reduce Required Minimum Distributions

    Holders of individual retirement accounts (IRAs), 401(k)s, and other qualified retirement accounts are required to take distributions from those accounts beginning at age 72. These required minimum distributions (RMDs) force the account holder to take a taxable distribution based on the account balance at the end of the prior year and their age. The logic behind requiring distributions is that the government wants to collect taxes for all of that tax-deferred growth (as well as the original tax-deferral) and that the investor will likely be in a lower tax bracket during retirement.

  • 4 Marijuana Stocks to Buy for the Big 2020 Rebound
    Business
    InvestorPlace

    4 Marijuana Stocks to Buy for the Big 2020 Rebound

    The big rebound in pot stocks can be attributed to favorable fundamental developments (multiple cannabis companies have reported strong fourth quarter numbers in early January), favorable legal developments (among other things, Illinois just legalized recreational marijuana), and a whole bunch of investors deciding that with the new year, comes new opportunity. Demand trends will re-accelerate thanks to new vapes and edibles products, as well as retail footprint expansion. Revenue growth trends will improve.

  • Dramatic video, truck crashes offroad near trooper
    U.S.
    Associated Press Videos

    Dramatic video, truck crashes offroad near trooper

    Officials in the US state of Iowa are urging people to use caution and stay indoors if possible as blizzard conditions continued to wreak havoc in northern and central parts of the state on Saturday. Jan.

  • Should Your Required Minimum Distribution Be in Cash?
    Business
    Investopedia

    Should Your Required Minimum Distribution Be in Cash?

    Should you take your RMD by getting the cash or transferring the stock to another account? According to Michael J. Garry, managing member and chief compliance officer at Yardley Wealth Management, it doesn't matter for tax purposes. "There is usually little, if any, tax efficiency added by taking in-kind distributions instead of cash.

  • Business
    Benzinga

    Barron's Picks And Pans: Apple, Boeing, Disney, Tesla And More

    Barron's Roundtable panelist Rupal Bhansali's makes a case that Apple Inc. NYSE: AAPL) is disadvantaged on many fronts and trying to play catch-up in "Time to Short Apple, Says Rupal Bhansali. Yes, Short Apple."

  • Will you ‘feel pretty stupid’ holding cash? One trader revisits Ray Dalio’s laughable call and warns of a similar drop
    Business
    MarketWatch

    Will you ‘feel pretty stupid’ holding cash? One trader revisits Ray Dalio’s laughable call and warns of a similar drop

    Almost exactly two years ago, investing legend Ray Dalio turned heads with one of the worst short-term market calls in recent memory. The Bridgewater Associates founder, in an interview at the World Economic Forum back in January 2018, told investors that they were going to “feel pretty stupid” if they were holding cash as stocks climbed toward record highs. So, how stupid did they feel?

  • Tesla Hits All-Time High Before Being Downgraded: Where to Now?
    Business
    TipRanks

    Tesla Hits All-Time High Before Being Downgraded: Where to Now?

    So, where is Tesla headed? This week, analysts have been throwing the hat in, offering takes on the electric vehicle company from all possible angles, with the most recent rating being a downgrade. In this article, we'll take a look at three different ratings from the analysts.

  • 7 5G Stocks to Connect Your Portfolio To
    Business
    InvestorPlace

    7 5G Stocks to Connect Your Portfolio To

    Large-Cap Stocks to Give a Wide Berth In other words, 5G doesn't just offer an industry from which to pick stocks to buy. Instead, this technology enables other technologies to flourish. It's a force-multiplier, one that comes around only once every several years.

  • 3 ETFs to Buy Instead of Popular Mutual Funds
    Business
    InvestorPlace

    3 ETFs to Buy Instead of Popular Mutual Funds

    To that end, investors in some popular mutual funds could be better suited making the switch into ETFs. For investors in tax-deferred or tax-free accounts, the switch is easy. For investors in taxable accounts, you need to weigh the potential hit from the switch.

  • Business
    Barrons.com

    Big Buys of Intel, AT&T, and Facebook Stock by Norway’s Biggest Bank

    Norway's largest financial-services group, DnB, made some big changes in its U.S.-traded stock investments in the last quarter of 2019. DnB more than tripled its investment in (INTC) stock (ticker: INTC) and cut its investment in rival (AMD) (AMD) nearly in half. The bank also bought substantially more (T) stock (T) and (FB) stock (FB).

  • Fiat Chrysler, Wingstop, Amazon: Companies to Watch
    Business
    Yahoo Finance Video

    Fiat Chrysler, Wingstop, Amazon: Companies to Watch

    Fiat Chrysler, Wingstop, Amazon and companies to watch.

  • Ocasio-Cortez sums up inequality in 5 words after Dow breaks through 29,000
    Business
    MarketWatch

    Ocasio-Cortez sums up inequality in 5 words after Dow breaks through 29,000

    That's “inequality in a nutshell,” according to Rep. Alexandria Ocasio-Cortez, who fired off those words in a tweet response to NBC's coverage of a fresh high for the Dow Jones Industrial Average (DJIA)on Friday. The New York Democrat was making the point that while the blue-chip index rallied more than 20% last year, U.S. average hourly earnings gained less than 3%. And since stocks are generally held by those with higher wealth levels, the data would support her “rich getting richer” stance.

  • Best Buy launches investigation into CEO Corie Barry
    Business
    American City Business Journals

    Best Buy launches investigation into CEO Corie Barry

    Best Buy Co. Inc. CEO Corie Barry is under investigation by the retailer's board after it received an anonymous letter alleging an inappropriate romantic relationship between Barry and another executive before she became CEO last year. It claimed that she had been romantically involved with former Best Buy Senior Vice President Karl Sanft in the period before she took over as the company's CEO, the newspaper said. Best Buy's board has hired law firm Sidley Austin LLP as part of the investigation.

  • Why ‘irrationally bullish’ investors are getting nervous as the stock market races to uncharted territory
    Business
    MarketWatch

    Why ‘irrationally bullish’ investors are getting nervous as the stock market races to uncharted territory

    The Dow Jones Industrial Average (DJIA) traversed a milestone at 29,000, the S&P 500 index (SPX) followed with its own landmark turn above 3,300 and the Nasdaq Composite Index (COMP) is rallying like it is 1999. Another way to think about, the ferocity by which stocks have climbed in the first three weeks of this year, S&P 500 gains have already exceeded the 2020 estimates for nearly half the 18 analysts surveyed by MarketWatch. “We stay irrationally bullish until peak positioning & peak liquidity incite [a] spike in bond yields & 4-8% equity correction,” wrote analysts at Banc of America Securities on Friday in a weekly research report on the state of the market.

  • Is FuelCell Energy’s Business Truly Sustainable?
    Business
    InvestorPlace

    Is FuelCell Energy’s Business Truly Sustainable?

    Is FuelCell Energy (NASDAQ:FCEL) sustainable? InvestorPlace.com contributor Josh Enomoto remains skeptical. He calls FCEL a “penny stock.” He believes its 700% rise since November can't be maintained, especially since fuel cells require expensive materials like platinum to produce. FuelCell Energy had been in a long-term trading range at about 25 cents per share, but opened for trade Jan. 17 around $2.25 with a market cap of $443 million.

  • Should Insider Buying Tempt You Into These 7 Stocks?
    Business
    InvestorPlace

    Should Insider Buying Tempt You Into These 7 Stocks?

    Conversely, insiders buying shares suggests that the executive group is bullish on the company's near-term prospects. Investors may search out large-capitalization companies that had insiders buying shares in recent months. There are four technology companies, two consumer discretionary firms and one health company that have reported notable insider buying activities.

  • 3 Factors to Consider Before Gambling on GE Stock
    Business
    InvestorPlace

    3 Factors to Consider Before Gambling on GE Stock

    Once an iconic industrial giant, few companies have suffered as ignominious a loss as General Electric (NYSE:GE). In fact, the GE stock price peaked in the 2000s era dot-com bubble, never threatening to regain its former glory. Not only did GE stock peak roughly 20 years ago, it plummeted following a sizable rally leading up to the 2008 financial crisis.

  • Business
    Oilprice.com

    China’s Cheap Electric Vehicles Could Disrupt Global Markets

    While Western automakers race to capture market share in the world's biggest electric car market, China, hundreds of Chinese electric vehicle (EV) makers have sprung up in recent years to snag a piece of the EV pie too. Government support to the Chinese EV industry and China's ambitions to have new energy vehicles (NEVs) sales account for a quarter of car sales in 2025 means that the Chinese authorities want the EV industry in the country to flourish—and some think this ambitious target would require both Western and Chinese EV makers. Western analysts, however, warn that a Chinese EV oversupply could lead to cut-price exports of China's electric cars, potentially distorting and pressuring the auto industries in other countries, and potentially setting the stage for the next U.S.-China trade war front—electric vehicles.

  • Should You Be Excited About Apple Inc.'s (NASDAQ:AAPL) 61% Return On Equity?
    Business
    Simply Wall St.

    Should You Be Excited About Apple Inc.'s (NASDAQ:AAPL) 61% Return On Equity?

    With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. To keep the lesson grounded in practicality, we'll use ROE to better understand Apple Inc. (NASDAQ:AAPL). Over the last twelve months Apple has recorded a ROE of 61%.

  • Disadvantages of Roth IRAs Every Investor Should Know
    Business
    Investopedia

    Disadvantages of Roth IRAs Every Investor Should Know

    A Roth IRA is a tax-exempt retirement savings account that holds investments that you choose using after-tax money. If you're thinking about opening an account, consider the disadvantages of Roth IRAs first. Roth and traditional IRAs are excellent ways to stash money away for retirement.

  • Boeing Stock Could Run to $400 Under New CEO David Calhoun
    Business
    InvestorPlace

    Boeing Stock Could Run to $400 Under New CEO David Calhoun

    Worse, for the first time in three decades, Boeing had a negative net number of airplane orders. On top of that, American Airlines (NASDAQ:AAL) said it would keep the 737 Max out of commission until June 2020, according to Fortune contributor Erik Sherman. This all comes just weeks after Boeing fired CEO Denis Muilenberg, and after the Federal Aviation Administration's Stephen Dickson said there was no way the FAA would allow the planes to fly again in 2019.

  • Is iQiyi Stock Worth $15 or $30?
    Business
    InvestorPlace

    Is iQiyi Stock Worth $15 or $30?

    However, at this point, it's hard to know if the move indicates that IQ stock is worth $30 per share or $15 per share. Here's a look at both sides of the argument. IQ Stock Is Worth $30 Per Share The lack of movement by the company's stock since the partnership was announced suggests that investors aren't reading too much into the situation.