Marriott International recently announced the signing of multiple branded residence project agreements in Detroit, Michigan (USA), Muskoka, Canada, Papagayo Bay in Guanacaste, Costa Rica, and Jeddah, Saudi Arabia. With these new additions, the total number of opened and under – construction branded residence projects under Marriott has surged to approximately 300.
As one of the world’s largest branded residence companies, Marriott International currently has projects spanning 17 brands across 50 countries and regions. In the past five years, Marriott’s branded residences have generated a staggering $7.2 billion in residential sales revenue for third – party developers. During this period, the overall scale of the branded residence projects has grown by about 60%. Looking ahead, Marriott plans to more than double its existing project portfolio in the coming years.
This expansion not only reflects Marriott’s strong market position but also its confidence in the long – term growth potential of the branded residence segment. By strategically entering new markets and collaborating with local partners, Marriott aims to offer consumers more high – quality living options combined with the renowned hospitality services it is known for.
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