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Hospitality giant has 29 projects in the pipeline
Marriott International has achieved robust growth in its branded residential portfolio in the Middle East and Africa (MEA), with 41 projects in the portfolio, including 29 projects in its signed pipeline and 12 open properties.
In the past two years alone, the global hospitality leader has signed 19 agreements in MEA to bring branded residences to iconic destinations in the region, more than double the amount from the preceding two years.
Locations range from luxurious addresses, such as Ritz-Carlton Reserve Residence Nujuma, to urban destinations such as Dubai Harbour’s W Residences.
Nujuma
“As Marriott continues to meet the increasing global demand for branded residences and world-class luxury experiences, the MEA region, home to some of the world’s most coveted and iconic destinations, has been a key driver of our accelerated growth,” said Dana Jacobsohn, Chief Development Officer, Global Mixed-Use Development.
“Through providing extraordinary benefits for both developers and Residence Owners, we continue to strengthen our industry-leading position in the segment, and I couldn’t be prouder of the work the company is doing to bring such extraordinary residential projects to life.”
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With 16 luxury and premium brands, 11 of which already have an open or signed residential property in the EMEA region, Marriott Branded Residences offer development licensees the opportunity to leverage strong brand recognition that could result in higher sales velocity and increased sales value for developers.
Residence owners also have the opportunity to receive benefits from the recently announced owner recognition platform, ONVIA, which provides exclusive offerings within the Marriott Bonvoy portfolio.
By the end of 2024, Marriott expects to celebrate the opening of Nujuma, a Ritz-Carlton Reserve Residence, the first Ritz-Carlton Reserve in the EMEA region; The Residences at the St Regis Al Mouj Muscat Resort, and Marriott Residences Al Barsha South, Dubai, spread across three towers.
For more information, visit www.marriott.com
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