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Marriott Residence Inn to open in Dubai

DUBAI, October 21, 2015

Marriott International has announced the signing of the hotel group’s first property in the Residence Inn brand portfolio in the UAE, expanding its extended stay offering in the region.  

Due to be completed in 2019, the Residence Inn by Marriott Al Jaddaf will comprise a total of 135 units.
 
The newly signed property is owned by Bahrain-based International Trading and Investment Company (Itico), an existing partner of Marriott International that currently owns two other properties – Residence Inn by Marriott Manama Juffair and Marriott Executive Apartments Manama.  

Itico has also recently signed its third property in Bahrain with Marriott International, Residence Inn by Marriott Manama Seef.
 
Alex Kyriakidis, president and managing director, Middle East & Africa, Marriott International, said: “This signing is a significant event for us as it represents the company’s first Residence Inn by Marriott property in the UAE and comes in response to a rapidly increasing demand in the market. Today it’s not only the executive traveller who seeks out an extended stay property, but also young families who are looking for a home-like environment where they can still experience the comfort and convenience that they would benefit from in a hotel, such as free Wi-Fi and hot breakfasts.”
 
“We are very excited to develop the first Residence Inn by Marriot in the UAE after the great success we had with the brand in Bahrain. We are very pleased with our long term partnership with Marriot International and look forward to further enhance it by announcing more projects in the near future.” said Shaikh Mohammed bin Abdulrahman Al Khalifa, chairman of Itico.
 
The signing of the property comes shortly after the recent GCC sales mission where Marriott International reaffirmed its plans to add a further 79 properties and 16,415 rooms within the region by 2020, an expansion which includes an increase of the UAE footprint to 25 properties.

The company’s amplified development plans have been defined in line with regional and global market trends. According to Dubai's Department of Tourism and Commerce Marketing (DTCM), a total of 13.2 million tourists visited Dubai in 2014, representing year-on-year growth of 8.2 percent and almost double the global average of 4.7 percent. In particular the extended market segment has seen a healthily increasing demand as occupancy hit record levels last year globally, it said.
 
“Dubai is an ideal location for our first ever Residence Inn by Marriott in the UAE as it offers a convenient location with outstanding accessibility, both to the nearby international airport and to the surrounding Emirates. Given the increase in tourism and global traffic to Dubai, as well as market predictions for the future, we see a great opportunity to further expand in this market, and particularly within the extended stay segment,” added Kyriakidis.
 
Marriott International currently operates 14 hotels in UAE, spanning six brands including Marriott Hotels, Courtyard by Marriott, Marriott Executive Apartments, JW Marriott, Autograph Collection and The Ritz-Carlton. As part of Marriott International’s regional expansion plans in the Middle East and Africa, the UAE will see a further 12 properties open adding a further 2,700 rooms to the country by 2020. - TradeArabia News Service




Tags: Marriott International | Residence Inn |

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