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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 5 sources · 19 days · First seen · Last updated

Marriott International global expansion

Overview

Marriott International is pursuing growth through diverse hospitality and real estate developments. In Mexico, the company reached a milestone of 300 operational properties following the opening of the Courtyard by Marriott Torreón. This expansion includes 76 projects in development, expected to add over 12,000 rooms, with a significant portion involving the conversion of independent assets into Marriott brands.

In Spain, the company is extending its presence into the luxury residential sector. Through a partnership with Impar Capital, Marriott is developing the Palacio Residencial Sagasta in Madrid. This project involves the rehabilitation of a historic building to create 17 exclusive residences under ‘The Luxury Collection’ brand, targeting high-net-worth individuals.

Entities

The Luxury Collection · Marriott International · BlueBay · The Reef Resorts & Spa · Impar Capital

Timeline

  1. [BUSINESS] 3 sources
    Marriott expands luxury residential presence in Madrid

    Marriott International and Impar Capital are partnering to develop 17 luxury branded residences in Madrid, a project valued at over 130 million euros.

  2. [BUSINESS] 2 sources
    Marriott reaches 300 hotels in Mexico with 76 new projects planned

    Marriott has reached 300 operational hotels in Mexico, with 76 projects in development to add over 12,000 rooms, solidifying Mexico as its key market in the Caribbean and Latin America region.

Sources

capital.es · cronicadecantabria.com · merca2.es · okdiario.com · vidaeconomica.com