Marriott International Inc. has revealed plans to further expand its new Apartments by Marriott Bonvoy brand offering, with signed development agreements in the U.S., Italy and the Kingdom of Saudi Arabia. The announcement follows the recent opening of Marriott’s first Apartments by Marriott Bonvoy property, Casa Costera, Isla Verde Beach in San Juan, Puerto Rico.
“Marriott is thrilled to bring Apartments by Marriott Bonvoy to our development community around the world,” said Leeny Oberg, Marriott’s CFO/EVP, development . “This new, compelling offering provides residential and hotel developers an excellent value proposition for new builds and conversion opportunities. As guests are increasingly blending work, personal and family travel, they are looking for a distinct and locally inspired solution to meet their longer-stay needs.”
The properties are situated in prime locations and designed to offer premium and luxury apartment-style accommodations with private bedrooms, separate living rooms, full kitchens and in-unit washers and dryers, according to the company.
From an owner perspective, Apartments by Marriott Bonvoy provides residential and hotel developers a unique option to convert an existing building, pursue a new build or integrate as part of a multi-use property with a dedicated welcome lounge, outdoor space and other amenities.
With signed agreements in Detroit and St. Louis in the U.S., Courmayeur, Valle D’aosta in Italy, and NEOM, Saudi Arabia, Apartments by Marriott Bonvoy is expected to continue growing its presence around the world through 2024 and beyond.
U.S.
Marriott recently signed an agreement with Roxbury Group for an Apartments by Marriott Bonvoy property in Detroit.
Anticipated to open in Q3, the property is a conversion of The Plaza Apartments in Midtown Detroit. With approximately 92 units, this location will also have a 500-sq.-ft. fitness center and sits atop two restaurants.
Marriott has also revealed a new project with Midas Hospitality, a longtime owner and operator of Marriott properties, for an Apartments by Marriott Bonvoy property in St. Louis. This 50-unit property will be colocated with a new Sheraton Hotel in downtown St. Louis. Located in a historic building that was constructed in 1929, this property’s design will reflect the heart and history of the city.
Italy
In Courmayeur, Aosta Valley, Italy, Marriott signed an agreement with Castello Sgr, an asset management company with hospitality expertise, to open Le Géant, an Apartments by Marriott Bonvoy property.
This property is anticipated to have 47 units, each offering sizeable living spaces and locally inspired design.
NEOM, Kingdom of Saudi Arabia
Marriott has also signed an agreement with NEOM to bring Apartments by Marriott Bonvoy to the luxury island destination Sindalah on the northwest coast of Saudi Arabia, a luxury island destination in the Red Sea. This Apartments by Marriott Bonvoy offering, marking the fourth collaboration between Marriott and NEOM on Sindalah, will be designed to reflect the destination and cater to travelers seeking more space and residential amenities.
Anticipated to open this year, the property will feature 218 units including studios and one-, two- and three-bedroom apartment-style units, all equipped with a separate living room, full kitchen and in-unit washer and dryer. The property is also slated to offer a gym and swimming pool.
