Marriott plans £8.9bn investment in 200 hotels

Marriott International is to add 200 luxury hotels to its global portfolio by 2017 with an £8.9bn investment.

Marriott plans £8.9bn investment in 200 hotels
Marriott plans £8.9bn investment in 200 hotels

Marriott is to expand its hotel portfolio in the luxury and lifestyle category, including a Moxy hotel in London and an Edition hotel in New York's Times Square.

Marriott plans to open 150 Moxy hotels in the next ten years, including a new property near Milan’s Malpensa Airport in Italy, which will open in September. By 2016, the brand plans to have hotels in Munich, Berlin, Frankfurt, Oslo, London and Aberdeen.

Following the opening of the London Edition hotel last September, there are plans to open additional Edition-branded hotels in Miami Beach this autumn and in New York City’s landmark Clock Tower building in the spring of 2015.

Other destinations include Abu Dhabi; Gurgaon, India; and Sanya, China in 2015. Bangkok will welcome an Edition-branded property in 2016, with West Hollywood and Times Square Edition in New York City following in 2017. 

Under the Ritz-Carlton brand, Marriott plans to open 15 hotels by the end of 2016: in Nanjing, China; Rabat, Morocco; Cairo, Egypt; Jeddah, Saudi Arabia; Los Cabos, Mexico; Tunis, Tunisia; Haikou, China; Panama City, Panama; Bali; Indonesia; and Macao.

JW Marriott Hotels & Resorts will debut in Italy in early 2015 on the private island of Sacca Sessola, a short boat ride from Venice. The brand is on schedule to open 23 new hotels in the next two years, growing from 64 to 87 hotels in 29 countries by the end of 2016.

The Autograph Collection will welcome 20 new properties in 2014, while Renaissance Hotels is on track to open another nine. AC Hotels by Marriott plans to open more than 30 properties in the next three years throughout the US and Latin America.

Arne Sorenson, president and chief executive of Marriott International, said: "The luxury and lifestyle portfolio totals 449 hotels across eight brands and is stronger than ever and we see demand continuing to rise worldwide."

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