Business News of Thursday, 21 November 2024
Source: Webbers Choice
Marriott International is accelerating the growth of its branded residential portfolio in the Middle East and Africa (MEA), with 41 projects, including 12 open properties and 29 in development.
In the past two years, Marriott has doubled its agreements in the region, showcasing iconic developments such as the Ritz-Carlton Reserve Residence in Saudi Arabia and W Residences at Dubai Harbour.
The company’s branded residences leverage strong brand recognition and platforms like the ONVIA owner benefits program, boosting sales and value for developers. Recent projects include the JW Marriott Residences in New Cairo, the Ritz-Carlton Residences in Cairo and Dubai, and the W Residences in Abu Dhabi.
Upcoming openings in 2024 include Nujuma, a Ritz-Carlton Reserve Residence in Saudi Arabia, and The Residences at St. Regis Al Mouj Muscat in Oman.