Worldwide: Marriott has revealed plans to expand its Apartments by Marriott Bonvoy serviced apartment portfolio in the United States, Italy, and the Kingdom of Saudi Arabia.
The expansion comes as Marriott opens its first Apartments by Marriott Bonvoy property, Casa Costera, Isla Verde Beach, in San Juan, Puerto Rico.
Each property will offer private bedrooms, a separate living room, full kitchen, and an in-unit washer and dryer. The brand is expected to provide residential and hotel developers an option to convert an existing building, pursue a new build, or integrate as part of a multi-use property with other amenities.
Marriott has most recently signed an agreement with Roxbury Group for an Apartments by Marriott Bonvoy in Detroit, Michigan. The 92-unit project is expected to open in Q3 this year and is a conversion of The Plaza Apartments in Midtown Detroit.
In St. Louis, Missouri, Marriott is also due to announce a 50-unit project with Midas Hospitality, a longtime owner and operator of Marriott properties. It will be co-located with a new Sheraton Hotel in downtown St. Louis.
Over in Europe, Marriott has signed an agreement with asset management company Castello Sgr to open Le Géant, an Apartments by Marriott Bonvoy property in Courmayeur, Aosta Valley, Italy. It is anticipated to have 47 units.
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. Scheduled to open this year, the property will feature 218 units including studios and one, two and three-bedroom apartment-style units. The development is also expected to offer a gym and swimming pool.
“Marriott is thrilled to bring Apartments by Marriott Bonvoy to our development community around the world,” said Marriott International chief financial officer and EVP development, Leeny Oberg. “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.”
Marriott announced its serviced apartment brand in November 2022.
