Celebrating 25 Years of Leadership in Branded Residences
Marriott International, Inc. has marked an impressive milestone in the world of branded residential development, celebrating 25 years of leadership and innovation. With an impressive portfolio nearing 300 projects, Marriott continues to set the standard for luxury living, redefining the way we think about residential spaces.
A Powerful Expansion
In a recent announcement, Marriott revealed signed agreements in prime destinations that include Detroit, Michigan, Muskoka, Canada, Gulf of Papagayo, Costa Rica, and Jeddah, Saudi Arabia. These new developments bolster the company’s position as the largest leader in branded residences globally. The existing portfolio encompasses 17 distinct brands across 50 countries and territories, showcasing Marriott’s ability to cater to diverse lifestyles and preferences.
Project Highlights
The Residences at The Detroit EDITION: This exciting project will introduce luxury residences in the heart of downtown Detroit, comprising 97 architecturally unique units. Each residence encapsulates the EDITION brand’s commitment to exceptional design and service, reflecting the renewed energy in the city.
The Ritz-Carlton Residences, Muskoka: Nestled on a serene forested island, this project offers 32 exclusive homes with breathtaking views of forest and water. Developed by the Density Group, this sanctuary is a testament to the region’s natural beauty.
The Residences at the St. Regis Papagayo Resort: Located in a lush, biodiverse environment, this development will feature around 140 bespoke residences. Residents will enjoy luxurious amenities inspired by the local culture and stunning ocean views.
- The Residences at The St. Regis Jeddah: Anticipated to open in 2030, this project will introduce the iconic St. Regis brand to Saudi Arabia, featuring 191 residences and a luxury hotel, promising to offer a glamorous lifestyle and signature Butler service.
Unmatched Revenue Growth
Marriott’s robust residential portfolio has generated a staggering $7.2 billion in residential sales revenue for third-party developers over the past five years. With a recent growth of approximately 60%, Marriott is on track to double its portfolio, reflecting the ever-increasing demand for high-quality branded residences.
Key Quotes from Leadership
“In the past 25 years, Marriott International has taken our branded residential portfolio to new heights. We collaborate with top-notch developers and designers to create exceptional living spaces that resonate with homeowners,” said Dana Jacobsohn, Chief Development Officer, North America Luxury Brands and Global Mixed-Use.
“Our 14,000 Residence Owners choose to live with our brands because they know they can expect the best of the best,” added John Hearns, Senior Vice President, Global Residential Operations, emphasizing Marriott’s commitment to exceptional lifestyle experiences and community engagement.
The Marriott Advantage
From the opening of The Ritz-Carlton Residences in Washington, D.C. in 2000 as a pioneering project, each branded residence is designed to offer not just luxury but also a deep sense of community. Marriott’s Onvia platform provides Residence Owners exclusive benefits, including elevated Marriott Bonvoy® Status, preferred rates, and unique culinary experiences.
Recent Openings and Future Signings
As Marriott continues to expand its reach, several exciting developments are underway:
Recent Openings
- JW Marriott Residences, Grand Marina Saigon
- The Residences at Nekajui, a Ritz-Carlton Reserve
- JW Marriott Residences New Cairo, Al Jazi
Upcoming Signings
- The Residences at the Nashville EDITION
- The St. Regis Residences, Houston
- W Residences Al Marjan Island
Staying Informed
For those eager to learn more about Marriott Branded Residences or explore available options, visit the official Marriott Residences website.
Conclusion
Marriott’s commitment to exceptional branded residences is evident in its strategic expansions and dedication to quality. As the market for luxury living continues to evolve, Marriott stands poised to lead the charge, delivering breathtaking homes that blend style, service, and a sense of belonging to residents around the globe.
For further information about Marriott’s ongoing projects and developments, check out their official news center. Stay connected with their latest updates on Facebook, X, and Instagram.
