NORTH LAKE TAHOE, CA--(Marketwired - Jan 30, 2014) - A luxurious mountain resort, The Ritz-Carlton, Lake Tahoe offers a breathtaking setting for corporate retreats, conferences, weddings and celebrations. With the introduction of its Group Buy-Out Option, the hotel is now able to provide groups with an exclusive resort experience.

Available from late April to late May and late October to mid-November, the new program allows groups exclusive use of the resort, from its 170 guest accommodations to its elegant event spaces. It also includes a waiver of the resort fee and a daily $10,000 banquet food and beverage credit for each night of the buy-out.

With this special program, available from $35,000 a day, groups can enjoy The Ritz-Carlton, Lake Tahoe at their leisure, and planners can customize the property and it services and amenities to fit the needs of their event. The Group Buy-Out also offers the convenience of room blocks without the restraints of a cut-off date; all guest rooms are held for each night of the buy-out.

Groups participating in the program will enjoy exclusive use of 153 deluxe rooms, 16 one-bedroom suites and The Ritz-Carlton Suite, in addition to four indoor meeting and event spaces and three outdoor event spaces. Included in the program, The Ritz-Carlton Ballroom can host up to 500 guests indoors, with floor-to-ceiling windows offering stunning views of the Sierra Nevada. For a true mountain experience, The Meadows can host up to 400 guests for an outdoor wedding or celebration.

Guests will enjoy more than simply a beautiful room; the Lake Tahoe vacation resort features luxurious amenities and facilities. At The Ritz-Carlton Spa, Lake Tahoe, the elements of nature are used to relax and rejuvenate with treatments including the mustard and eucalyptus bath and massage, and other seasonal therapies. The outdoors often inspires guests to stay active, and a 24-hour state-of-the-art fitness center, wellness programs and pool allow them to take time for themselves during their stay.

While the Group Buy-Out includes daily banquet services, visitors can also experience North Lake Tahoe dining options, including rustic California cuisine at the resort's signature restaurant, Manzanita and the new casual outdoor Backyard Bar & BBQ.

To learn more about the Group Buy-Out option at The Ritz-Carlton, Lake Tahoe, please visit www.ritzcarlton.com/en/Properties/LakeTahoe/Reservations/Packages/Detail/Group_Buy_Out_Option.htm. To confirm hotel reservations at The Ritz-Carlton, Lake Tahoe, please contact your travel professional, visit www.ritzcarlton.com/LakeTahoe or call reservations toll-free at 800-241-3333.

About The Ritz-Carlton, Lake Tahoe
 The Ritz-Carlton, Lake Tahoe is the first Forbes Four-Star and AAA Five Diamond resort in the Lake Tahoe area and the newest resort to be built in the region in decades. The 170-room resort, nestled mid-mountain on Northstar California is a contemporary mountain retreat featuring slope-side ski-in, ski-out access in winter and mountain concierge services for golfing, mountain biking and hiking in the summer. Manzanita, The Ritz-Carlton, Lake Tahoe's signature restaurant, features seasonally-inspired California cuisine with a regional mountain resort influence. The new Backyard Bar & BBQ restaurant features traditional barbeque favorites, wood-fired oven-baked pizzas and a seasonal beverage program offering ski-in/ski-out outdoor dining in the winter and poolside convenience in the summer. Café Blue reinvents the hotel coffee experience offering locally sourced coffee along with fresh pressed juices, smoothies and signature panini and pastries. The Ritz-Carlton Spa, Lake Tahoe is a 17,000 square foot spa and fitness center with treatments and therapies themed around water and the woods. Guests will also enjoy preferred tee times and access to Old Greenwood and Gray's Crossing Golf Courses in the nearby historic town of Truckee. An inter-mountain gondola connects guests between the nearby Village at Northstar and The Ritz-Carlton, Lake Tahoe resort, situated a short 10-minute drive from the North Shore of Lake Tahoe. The year-round destination resort includes 170 guest rooms and 23 private Ritz-Carlton Residences.

About The Ritz-Carlton Hotel Company, LLC
 The Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, Md., currently operates 85 hotels in the Americas, Europe, Asia, the Middle East, Africa, and the Caribbean. More than 30 hotel and residential projects are under development around the globe. The Ritz-Carlton is the only service company to have twice earned the prestigious Malcolm Baldrige National Quality Award, an award that originated in 1987. Its purpose is to promote the awareness of quality excellence, recognize quality achievements of companies and publicize successful quality strategies. The Ritz-Carlton Hotel Company won the award in 1992 and 1999. For more information, or reservations, contact a travel professional, call toll free in the U.S. 1-800-241-3333, or visit the company web site at www.ritzcarlton.com. The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NASDAQ: MAR).