Upmarket hotel company Ritz-Carlton is to launch a luxury yacht and cruise line targeted on smaller ports and glamour destinations.

But the firm, which is due to open a Ritz-Carlton Reserve property at Caroline Bay next year, yesterday declined to say whether Bermuda would figure in its cruise plans.

A spokeswoman said: “The exact routes and itineraries are being developed as we speak and we are working with the best team of seasoned cruise professionals to create unique and highly curated itineraries.”

But she added the ships would cover “a wide variety of compelling locations” worldwide.

The Ritz-Carlton Yacht Collection will feature three luxury cruising yachts, with the first going into service in the last quarter of 2019.

The company said: “Calling at intimate and signature destinations alike, voyages will range from seven to ten days.

“Due to the intimate size of the vessel, the yacht will call at unique locations typically not accessible to large cruise ships, from Capri and Portofino to St Barths and the old town of Cartagena.”

The vessels, created by Ritz-Carlton and marine experts Douglas Prothero and Lars Clasen, working with funds managed by Oaktree Capital Management, will be run under a long-term operating agreement.

The first ship will measure 190 metres and carry up to 248 passengers in 149 suites, each with a private balcony, as well as two 138 square metre penthouse suites.

Mr Prothero, managing director of the Ritz-Carlton Yacht Collection, said: “The Ritz-Carlton is known for its legendary service and high standards.”

Mr Clasen, joint managing director of the yachting venture, added: “We are delighted to collaborate with the Ritz-Carlton as our hospitality operator in offering the most exclusive yachting experience to be found at sea in a venture that will give new meaning to curated luxury travel.”

All three yachts will have restaurants by Sven Elverfeld of Aqua, Ritz-Carlton’s three Michelin-starred restaurant in Wolfsburg, Germany, a Ritz-Carlton spa and a panorama lounge and wine bar with a wide range of entertainment.

The yachts will also offer “curated destination journeys” through collaborations with local chefs, musicians and artists, “allowing guests to experience the locations in unique and experiential ways, both on-board and ashore.”

Reservations are due to open in May next year.