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Marriott International Signs New Doha Property As It Unveils Robust Expansion Plans At AHIC

DUBAI, United Arab Emirates and BETHESDA, Md., April 27, 2016 /PRNewswire/ -- Marriott International, Inc. MAR, +1.72% is preparing for significant growth within the Middle East and Africa (MEA) announcing the signing of a 300-suite Marriott Executive Apartments and unveiling plans to open 17 new properties across the region this year. At present, the hotel company operates nearly 150 properties in the MEA region across nine brands in 19 countries. The latest announcements come during the Arabian Hotel Investment Conference (AHIC) taking place from April 26–28 in Dubai.

Along with the Doha Marriott Executive Apartments, due to open in 2019 and the first of its kind in Qatar, the company's latest growth will also see its footprint increase in priority markets such as the United Arab Emirates and Saudi Arabia. A collective 10 new properties representing 4,600 rooms are set to open across these two countries between 2016 and 2017. In Saudi Arabia in particular, the company has revealed that 21 new hotels with approximately 4,200 rooms have been slated to open by 2025.

"We have ambitious plans for growth internationally, and the Middle East and Africa will play a large role in helping us achieve both our short-term and long-term targets," said Alex Kyriakidis, President and Managing Director, Middle East and Africa of Marriott International. "This year's AHIC theme of 'Eye on the Future' is particularly timely as we feel that where there is change, there is also opportunity. What will determine success within the hotel and hospitality industry is the ability to capitalise on that change, identify the opportunities, and be nimble enough to leverage them."

Marriott International has also set its sights on new geographies within the MEA region. The company anticipates its footprint to expand into eight new countries between now...


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