Marriott International Strengthens Portfolio in Saudi Arabia with Three Deal Signings in Jeddah
The projects will add over 500 rooms in the country
Together with the Al Murjan Group, the company will introduce the region’s first Delta Hotel by Marriott along with a Four Points by Sheraton and a Marriott Executive Apartments
As part of its ongoing commitment to the Kingdom of Saudi Arabia, Marriott International has today announced three deal signings in Jeddah with the Al Murjan Group. The projects will add over 500 rooms in the country and will feature the Middle East’s first Delta Hotel by Marriott along with Jeddah’s first Marriott Executive Apartments and Four Points by Sheraton.
“We are delighted to work with the Al Murjan Group on three exciting new projects in Saudi Arabia. In doing so, we will be expanding our brand portfolio in the region with the debut of Delta Hotels by Marriott while further strengthening the presence of Four Points by Sheraton and Marriott Executive Apartments,” said Alex Kyriakidis, President and Managing Director, Middle East and Africa, Marriott International.
He added, “We remain committed to supporting the growth of the hospitality sector in the Kingdom with the addition of properties, training programs and jobs with the purpose of enhancing the country’s mission to build a thriving economy.”
“The partnership with Marriott represents an important milestone for us as we are developing three new brands in the city, in line with our commitment to be first-movers,” said Sheikh Sultan Bin Khalid Bin Mahfouz, Head of Al Murjan Group. “The Group’s ambition is to develop world-class destinations in the Kingdom. We believe in working with best-in-class partners to achieve this, and have partnered with Marriott after a competitive process conducted by JLL, our advisors, who are also assisting us on the project delivery.”
The Delta Hotels by Marriott Jeddah Al Salam and Marriott Executive Apartments Jeddah, Al Salam will be part of the Al Salam project, located on King Abdulaziz Road and Al Salam Road at the Globe Roundabout, in Jeddah. Developed by the Al Murjan Group, the mixed-use project will include commercial and retail space along with the two hotels. The hotels are scheduled to open by 2023.
Delta Hotels by Marriott Jeddah Al Salam will feature 175 rooms – including 25 suites, two dining outlets, recreational facilities and a 3,000sqm grand ballroom with pre-function space including four meeting rooms. Marriott Executive Apartments Jeddah, Al Salam will operate 100 stylish apartments (one, two and three bedrooms) with fully equipped kitchens along with a dining outlet, a fitness centre and swimming pool.
The Four Points by Sheraton Jeddah, Corniche Obhur will be located on the South Obhur Corniche and will include 306 rooms – 196 studio rooms and 110 one bedroom suites, two F&B outlets, a fitness center with an indoor and outdoor swimming pool, in addition to a boardroom for meeting space. The hotel is scheduled to open in 2019.
With a presence of over four decades in the Kingdom, the country is Marriott International’s second largest market in the Middle East with 23 operating hotels and more than 6,700 rooms across nine cities. This growth is set to continue following the recent announcement of ambitious plans to more than double its number of hotels in in Saudi Arabia. This rapid expansion is in support of growing the tourism sector as outlined in the Saudi Vision 2030.
Note on Forward-Looking Statements: This news release contains “forward-looking statements” within the meaning of federal securities laws, including the number of lodging properties the company may add in future years and similar statements concerning possible future events or expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to a number of risks and uncertainties, including changes in market conditions; changes in global and regional economies; supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth and refurbishment; and other risk factors that the company identifies in its most recent quarterly report on Form 10-Q or annual report on Form 10-K; any of which could cause actual results to differ materially from the expectations we express or imply here. We make these statements as of the date of this press release, and we assume no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
About Marriott International, Inc.
Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 6,500 properties in 30 leading hotel brands spanning 127 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company also operates award-winning loyalty programs: Marriott Rewards®, which includes The Ritz-Carlton Rewards®, and Starwood Preferred Guest®. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.