Underscoring the corporate’s international management in branded residences and luxurious improvement, Marriott Worldwide (NASDAQ:) proclaims a robust residential pipeline within the EMEA area.
ATHENS, Greece, Nov. 19, 2024 /PRNewswire/ — In the present day on the Resort and Residential Discussion board, Marriott Worldwide (NASDAQ: MAR, “Marriott”) proclaims its accelerated development in its branded residential portfolio within the Europe, Center East & Africa (“EMEA”) area, with 70 initiatives within the portfolio, together with 43 initiatives in its signed pipeline and 27 open properties.
Up to now two years, the worldwide hospitality chief has signed 26 agreements to deliver branded residences to iconic locations within the area, greater than double the quantity from the previous two years. With areas starting from luxurious resort addresses, reminiscent of The St. Regis (NASDAQ:) Residences, Casares “ Costa del Sol, a extremely anticipated venture introduced final month, to premier city locations just like the W Residences at Dubai Harbour, there’s something for each sort of residence purchaser within the firm’s pipeline.
“As Marriott continues to meet the increasing global demand for branded residences and world-class luxury experiences, the EMEA region, home to some of the world’s most coveted and iconic destinations, has been a key driver of our accelerated growth,” stated Dana Jacobsohn, Chief Growth Officer, International Combined-Use Growth. “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.”
With 16 luxurious and premium model choices, 13 of which have an open or signed residential property within the EMEA area, Marriott Branded Residences supply improvement licensees the chance to leverage sturdy model recognition and lead technology platforms, which have the potential to end in greater gross sales velocity and elevated gross sales worth for builders. Together with the world-renowned service that friends anticipate from Marriott manufacturers, Residence House owners even have the chance to obtain enhanced advantages from the just lately introduced proprietor recognition platform, ONVIA, which offers unique choices inside the Marriott Bonvoy ® portfolio.
“Marriott is proud to work with some of the industry’s top developers across EMEA, who are an essential part of our company’s continued success,” stated Jaidev Menezes, Regional Vice President, Combined-Use Growth, EMEA. “Through the combination of best-in-class developers, renowned design experts, iconic destinations, and people-first service, Marriott’s industry-leading value proposition is well-positioned to continue bringing premier and luxury lifestyle offerings to Residence Owners.”
From breathtaking Mediterranean Sea views to luxurious city residences, current initiatives for which the corporate has signed agreements and/or launched embrace:
- Introduced this fall, The St. Regis Residences, Casares, Costa del Sol, is a standalone residential property poised to redefine luxurious dwelling in Spain as Marriott’s first branded residence within the nation.
- The Ritz-Carlton Residences, Dubai, Creekside, which simply started development, will supply 200 residences throughout 7 seven buildings and 12 mansions, every that includes unique yacht berthing for residents.
- Highgate, in collaboration with Marriott, introduced plans to rebrand a number of of its properties within the Algarve, Portugal to co-located lodge and residences anticipated to open in mid-2025: The Residences at The Westin Salgados Seashore Resort, Algarve and Marriott Residences Salgados Resort, Algarve.
- The Ritz-Carlton Residences, Diriyah, which just lately launched gross sales, function designs impressed by the wealthy Najdi heritage, with exquisitely designed villas, flats and duplexes that seize the essence of magnificence and custom. This launch follows the profitable sell-out of the preliminary standalone 106 villas additionally situated at The Ritz-Carlton Residences, Diriyah within the North District of the Kingdom (TADAWUL:), which offered out inside a 12 months of launch.
- The St. Regis Residences, Monetary Middle Highway, Dubai, which offered 70% of its models within the first hour of gross sales launch, and the W Residences Manchester, whose developer just lately introduced that it offered 98% of models in underneath six months, each of which display the potential gross sales velocity that builders might expertise when working with Marriott manufacturers.
By the top of 2024, Marriott expects to have a good time the opening of extremely anticipated initiatives throughout the area, together with:
- Nujuma, a Ritz-Carlton Reserve Residence, which marks the primary Ritz-Carlton Reserve within the EMEA area, will supply Residence House owners a uncommon and immersive escape to find Saudi Arabian tradition and the untapped wonders of the Pink Sea.
- Situated within the coronary heart of Al Mouj, one in every of Oman’s most unique neighborhoods, The Residences on the St. Regis Al Mouj Muscat Resort supply an beautiful gateway to the charming cultural wonders of Oman.
- As the primary St. Regis Residences in Southeast Europe, The Residences on the St. Regis Belgrade will supply a bespoke residential expertise with unbelievable views of the Belgrade skyline.
- The Ritz-Carlton Residences, Baku, with a design drawing inspiration from the various influences of the town’s historical past, tradition, language, and faith, will supply residents distinct service and luxurious dwelling in a vibrant district in Baku, Azerbaijan.
For extra info on Marriott Branded Residences, go to https://marriottresidences.com/.
Word of Ahead-Trying Statements
This press launch comprises “forward-looking statements” inside the which means of United States federal securities legal guidelines, together with statements associated to anticipated future venture openings and portfolio development; our improvement pipeline; anticipated advantages for builders and Residence House owners; potential gross sales velocity and gross sales worth for builders; and comparable statements regarding anticipated future occasions and expectations that aren’t historic info. We warning you that these statements usually are not ensures of future efficiency and are topic to quite a few evolving dangers and uncertainties that we might not have the ability to precisely predict or assess, together with the chance elements that we establish in our U.S. Securities and Change Fee filings, together with our most up-to-date Annual Report on Kind 10-Okay or Quarterly Report on Kind 10-Q. Any of those elements may trigger precise outcomes to vary materially from the expectations we categorical or indicate on this press launch. We make these forward-looking statements as of the date of this press launch and undertake no obligation to publicly replace or revise any forward-looking assertion, whether or not on account of new info, future occasions or in any other case.
Marriott Worldwide, Inc.
Marriott Worldwide, Inc. (Nasdaq: MAR) is predicated in Bethesda, Maryland, USA, and encompasses a portfolio of almost 9,100 properties throughout greater than 30 main manufacturers in 142 international locations and territories. Marriott operates and franchises accommodations and licenses trip possession resorts all world wide. The corporate presents Marriott Bonvoy ®, its extremely awarded journey program. For extra info, please go to our web site at www.marriott.com, and for the newest firm information, go to www.marriottnewscenter.com. As well as, join with us on Fb (NASDAQ:) and @MarriottIntl on X and Instagram.
