Menu

Home Investment

News and Articls

Marriott International plans to double its hotel footprint in the Middle East in five years.

Marriott International has announced the addition of six new hotels to its pipeline of 37 hotels in the Middle East and Africa. They are three of Marriott's hotel brands that cater to the luxury, upper-moderate, and extended-stay travel segments. real estate agent

The first Residence Inn by Marriott-branded property in the Middle East for extended-stay travelers will open later this year in Manama, Bahrain. Marriott International will have 74 hotels and resorts in the Middle East and Africa, with more than 17,600 seats, when all 43 hotels currently under development or construction open in 2016.

"Despite recent economic and political uncertainty in the Middle East and northern Africa, our growth opportunities in the region remain high," Ed Fuller, president and managing director for international lodging, said. "These new hotels are scheduled to open over the next five years, and will be well placed to help serve the nearly 90 million travelers who are expected to visit the area annually by 2016, according to the World Travel & Tourism Council. About 68 million tourists visit the Middle East each year."

Marriott continues to actively pursue lucrative growth prospects in Sub-Saharan Africa, according to Mr. Fuller, and plans to announce ventures in countries such as South Africa, Mauritius, Tanzania, Angola, Nigeria, and Benin later this year. "The region has enormous tourism potential, and we intend to play a key role in its growth," he said, noting that Marriott's first two projects in Sub-Saharan Africa are set to open next year in Accra and Kigali.

The following hotels have been announced today:

 

The Courtyard by Marriott Cairo Mirage City has 335 rooms. Golf Hotels Corporation owns the hotel, which is set to open in 2012 as Egypt's first upper-moderately priced Courtyard by Marriott land.

The Ritz-Carlton Riyadh has 495 rooms. This luxury hotel, which is owned by Saudi Arabia's Ministry of Finance, is set to open in 2011 as the country's first Ritz-Carlton hotel.

In the suburbs of Manama, Bahrain, the Residence Inn by Marriott Juffair has 78 rooms. The house, which is owned by International Trading and Investment Co., W.L.L., will open later this year as the Middle East's first Residence Inn for extended-stay travelers.

The Ritz-Carlton Rabat Hotel has 120 rooms. This luxury hotel, owned by Sienna Investment Group, is set to open in 2013.

The Courtyard by Marriott Algiers has 247 rooms. This upper-moderately priced home, owned by Trust Real Estate SPA, is set to open in 2014 and will be the first Courtyard property in Algeria.

The Residence Inn by Marriott Algiers has 147 rooms. This house, which is owned by Trust Real Estate SPA, is set to open in 2014 as the region's third Residence Inn.

Go Back

Comment

Blog Search

Comments

There are currently no blog comments.