Marriott International, Inc. revealed strategies to transform 3 high-end homes in the United States to brand names within the Marriott Bonvoy portfolio. The Resort at Pelican Hill, Turtle Bay Resort, and a Midtown hotel in New York City are all anticipated to sign up with Marriott Bonvoy's high-end brand names this summer season.
“In the last couple of weeks, we completed offers for conversions of 3 extraordinary homes, including over 1,000 spaces to our system and continuing to highlight our dedication to high-end,” stated Leeny Oberg, primary monetary officer and executive vice president, advancement, Marriott International. “We are looked for by owners due to the fact that of the depth and breadth of our brand name portfolio and the power of our platform to drive outcomes. Today, the business has an industry-leading worldwide high-end circulation of over 510 open hotels with another 234 high-end hotels in the signed pipeline. We eagerly anticipate reinforcing our management in this crucial consumer section as we continue to deal with owners to make the most of the capacity of their jobs.”
Extending from Manhattan to Hawaii, the business's 3 prepared high-end conversions consist of:
- A high-end hotel in New York, New York, is anticipated to sign up with the Marriott Bonvoy portfolio on June 5. This residential or commercial property is found in Midtown Manhattan near to destinations consisting of Central Park, Times Square, The Museum of Modern Art, Rockefeller Center, the stores on Fifth Avenue, and Radio City Music Hall. This will mark The Luxury Collection's go back to New York City.
- The Resort at Pelican Hill is found in Newport Beach, California, and is anticipated to sign up with Marriott's high-end portfolio on July 1. The 504-acre resort rests on the coast of Newport Beach and consists of the Pelican Hill Golf Club, including 2 18-hole golf courses with 270-degree ocean views. The Irvine Company will continue to own the home, with Marriott handling, and it is anticipated to be transformed to a St. Regis at a later date.
- Turtle Bay Resort, found on the North Shore of Oahu, Hawaii, is prepared for to sign up with The Ritz-Carlton brand name portfolio later on this summertime. The residential or commercial property has 7 beaches within strolling range, 12 miles of hiking and cycling routes, and onsite features. Host Hotels & & Resorts ‘purchase of the residential or commercial property, in addition to Marriott's presumption of management of the resort, is anticipated to take place later on this summer season.
“Strengthening and growing our high-end pipeline is a leading concern for the business, and I'm happy that Marriott stays the clear market leader in the section,” stated Dana Jacobsohn, primary advancement officer, U.S. high-end brand names and international mixed-use. “We eagerly anticipate working carefully with our owners and franchisees to supply best-in-class service and experiences to visitors from around the globe looking for these extraordinary locations.”
With a portfolio of 7 high-end brand names– The Ritz-Carlton, consisting of Ritz-Carlton Reserve and The Ritz-Carlton Yacht Collection; Bvlgari Hotels & St. Regis Hotels & EDITION; The Luxury Collection; JW Marriott; and W Hotels– Marriott presently has more than 510 open high-end hotels and resorts in 70 nations and areas. High-end residential or commercial properties presently represent around 10 percent of both Marriott's open spaces and pipeline spaces.
