Tag: Marriott

Marriot to launch its iconic St Regis hotel brand in Egypt’s new administrative capital

Frank

EGYPT— Marriott International, Inc. has announced that it has signed an agreement to open a St. Regis hotel brand in the New Administrative Capital of Egypt, just outside of Cairo. Marriot signed the deal with owners of the Almasa Royal Palace, a hotel located adjacent to a 42,000-square-foot convention center that hosts official government conventions and events, as well as official foreign presidents’ visits. The deal will see the international hotel chain operator rebrand the existing hotel which consists of 270 rooms, 90 suites, 60 apartments and 14 villas to…

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Opportunities in investing in Africa’s hotel industry substantially outweigh the threats, says Philippe Doizelet

Frank

AFRICA – Today, Africa is seen as one of the most promising regions for hotel developers. Aside from small chains and independents, four global hotel groups dominate signings and openings on the continent. Over the last four rolling quarters, as of September 2019, Accor, Hilton, Marriott International and Radisson Hotel Group have opened 2,800 rooms and signed deals for 6,600 rooms. Across Africa, hotel development remains important in most advanced economies, such as Morocco and South Africa; and projects are multiplying in East Africa, especially in Ethiopia, Kenya, Tanzania and…

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Marriott International to open 19 properties in Middle East and Africa in expansion plan

Frank

AFRICA – Marriott International, an American multinational diversified hospitality company, has unveiled plans of growing its Africa and Middle East portfolio by adding 19 new properties and more than 3,000 rooms as part of its overall growth strategy. The company said that this is in line with its ambitions of growing its portfolio by 45% through the end of 2023 with over 100 properties under development Marriot said it seeks to add more than 100 new properties and nearly 26,000 rooms across the region by the end of 2023 propelled…

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Marriott International opens Four Points by Sheraton Setif in Algeria

Frank

ALGERIA – Marriott International in partnership with Prombati SPA has opened the Four Points by Sheraton Setif in Setif City, Algeria. The 191-roomed hotel is situated in the centre of the city, providing convenience and ease of access to Setif’s new tram line and Setif International Airport. The modern hotel, which is sorrounded by historical features such as the Berber Kingdom and the Roman Empire, is part of Marriott’s strategic investment and expansion plan in North Africa. “Four Points by Sheraton Setif is Marriott International’s ninth property in Algeria and…

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