Marriott Development

Check out our new interview with Noah Silverman and Lauren O'Neal from Marriott International's Global Development team and Apartments by Marriott Bonvoy, offering insights from both a brand and development perspective. Interested in development opportunities with Apartments by Marriott Bonvoy? Contact Lisa Sexton and Paul Loehr, or visit the Apartments by Marriott Bonvoy Development page: https://lnkd.in/gffsi6fN #ApartmentsbyMarriottBonvoy #brandedapartments #MarriottDevelopment #MarriottExtendedStay

The demand for travel is robust across all travel segments in Marriott's portfolio so far in 2024, and the interest in travel and tourism is still at a high level across the industry, according to Leeny Oberg, chief financial officer and executive vice president of development at Marriott International. "When you look more broadly, and you think about the fundamentals that drive our business and you see a fairly stable economy in the U.S. and continued really great interest in travel, both domestically and abroad, that it does bode well for the industry, not just this year, but for years to come. "Financing for strong brands, strong locations, well-known developers who have a proven track record, I think you absolutely are seeing availability of financing, which helps lead to this continued growth and construction starts." For more information about development opportunities with Marriott International, please contact Leeny Oberg, Ron Stewart, Juan Carlos Suarez, CHA, and Kyle Larsen.

The Luxury Collection has announced the opening of Koenigshof, a Luxury Collection Hotel, Munich. The hotel is situated in the heart of the city's historical "Stachus" Square, and its opening marks a German debut for the brand. Koenigshof was designed by internationally acclaimed architects Nieto Sobejano Arquitectos and captures the timeless sophistication and attitude of #Munich with a new, contemporary design, which beautifully embodies the city's rich stories and culture, offering unique, transformative experiences in the Bavarian capital. Philipp Weghmann, Vice President and Global Brand Leader of The Luxury Collection, said, "The opening of Koenigshof, a Luxury Collection Hotel, Munich signifies a significant milestone for the brand as it will be The Luxury Collection's foray into Germany - a vibrant and enticing destination for luxury travel." Fore more information about this project and other development opportunities in the region, please reach out to Tim Zeichhardt.

Marriott Bonvoy has spurred a marked increase in loyal customers from the #AsiaPacific region. Just this year, for the Australian Open, Bonvoy customers have redeemed some 14 million points, according to Rajeev Menon, president, Marriott International for Asia Pacific excluding China. Luxury customers are willing to build up their points base for the promise of access. "If you look at the last couple of years, coming out of Covid, almost 80 percent of the new signings for us are in the #luxury and premium end of the scale," said Menon. "It has shifted because customers are very focused, coming out of Covid, on experiences. Marriott Bonvoy has therefore been tailored to become a loyalty platform, beyond hotel stay and redemptions. It’s about creating an ecosystem where our customers can get amazing experiences beyond the world of just hotels."

Marriott International is expanding its footprint in the #Philippines. Bruce Winston, Marriott International’s Multi-Property Vice President for the Philippines, said two new properties will be opening in 2025: AC Hotel Ortigas, with 150 keys, and Fairfield by Marriott Mahi in Mactan, with 196 keys. “Aside from that, we have other projects in other stages of development, from signing of business contracts to groundbreaking and construction. “We see the growth, we see the potential, we see the untapped markets, and we are connecting that with local partners that are interested in joining with us." Marriott currently has 10 properties in six destinations in the country, with its flagship Manila Marriott Hotel at Newport City in Pasay operating since 2009. For more information about these projects or other development opportunities in the region, please reach out to Steve Baek and Peter Gassner.

Driftwood Capital recently held the grand opening of a 245-key meeting hotel in Old San Juan, Puerto Rico. After completing a nearly $22 million renovation, the property is now part of Marriott’s Tribute Portfolio of independent boutique hotels and managed by Driftwood Hospitality Management. Hotel Rumbao, A Tribute Portfolio Hotel by Marriott offers nearly 7,000 square feet of meeting space in seven event rooms. The onsite restaurant, Kueros Island Bar and Kitchen, features a menu that takes inspiration from the local culture, and pairs the dining experience with traditional dance and entertainment. For more information about this project or other development opportunities in the region, please reach out to Paula Cerrillo.

Exciting news about the new JW Marriott Detroit, Water Square, which is expected to be completed by early 2027.

The former Zoëtry Paraiso de la Bonita Riviera Maya, one of the Caribbean’s most celebrated all-inclusive resorts, is being rebranded as part of The Luxury Collection. It will be the latest resort to join Marriott’s growing portfolio of all-inclusive resorts in the wider #Caribbean. The new Paraiso de la Bonita, a Luxury Collection Adult All-Inclusive Resort, is opening in late 2024 as the product of an agreement between Playa Hotels & Resorts and Marriott International. For more information about this project and other development opportunities in the region, please contact Alonso Burgos.

Sheraton Hotels & Resorts has announced the opening of Sheraton Lanzhou Anning in Lanzhou of Gansu province. The opening also marks the 100th Sheraton Hotel in Greater China, where the brand made its market debut 50 years ago. Located in the heart of Lanzhou's Anning District, the new hotel draws on the brand’s roots as a gathering place for both locals and guests in communities around the world, which continues to evolve through Sheraton’s new design vision of creating intuitive and holistic experiences through spaces to connect, be productive, and enjoy a sense of belonging. “We are delighted to welcome the 100th hotel for Sheraton brand in China in Lanzhou of Gansu province," said Betty Tian, Vice President, Marketing, Communications, Premium & Select Brands, Greater China, "Throughout the 86-year brand development globally, Sheraton has been committed to innovation, establishing the industry's first computerized central reservation system in 1958. With the opening of the Sheraton Sanya Resort in 2003, the concept of leisure destination resorts was introduced to China. Over the past 50 years of development with China's tourism industry, Sheraton has become a symbol of premium hotel brand in the country."

The Ritz-Carlton Residences, Savannah, first announced in October 2023, spans three pre-existing structures with a total of 102 hotel guest rooms. Floors one to four of the 12-story structure offer a signature restaurant, event space, fitness center, plus eight hotel rooms. https://lnkd.in/eF2eYbvD Up to 20 branded residences are co-located in the middle building of the hotel on floors five through 12, with 10 of them—including the penthouse—now available for purchase. Real estate and development firm TMGOC Ventures announced the sales launch, with the Rowan Stallings Group of Corcoran Austin Hill Realty handling sales exclusively. Owners and guests will have access to lavish amenities, which include a dedicated concierge, a speakeasy lounge, meeting and event spaces, an all-hours fitness center, an on-site spa, and a rooftop pool and lounge. Savannah’s downtown district and the scenic riverfront are nearby for additional, off-site entertainment.