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Marriott International Celebrates Outstanding 25-Year Leadership in Branded Residences with Around 300 Projects in Open & Pipeline Portfolio

1. Marriott signed agreements for new residential projects in multiple countries. 2. Total portfolio will reach around 300 projects, enhancing market leadership. 3. Recent growth includes a 60% increase in branded residences over five years. 4. Plans to double the residential portfolio reflect strong market demand. 5. Marriott maintains its status as the largest branded residential company globally.

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Why Bullish?

The expansion of Marriott's residential portfolio shows strong growth potential. Historical trends indicate such expansions often lead to positive stock performance.

How important is it?

The signed agreements underscore significant strategic growth, likely attracting investor interest and boosting stock price.

Why Long Term?

With a plan to double its portfolio, the impact is likely to be realized over several years, similar to previous expansions that enhanced market position.

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Marriott bolsters industry's largest residential portfolio with several signed agreements in desirable destinations around the world. , /PRNewswire/ -- Today, Marriott International, Inc. (Nasdaq: MAR), the industry leader in branded residential development, announces signed agreements in: Detroit, Michigan; Muskoka, Canada; Gulf of Papagayo, Guanacaste, Costa Rica; and Jeddah, Saudi Arabia; bringing the Marriott Branded Residences total open and pipeline portfolio to around 300 projects. The Residences at The Detroit EDITION Celebrating its 25th year as leading in branded residences, Marriott continues to capitalize on outstanding momentum with strong portfolio growth. The largest branded residential company globally, the company's open and pipeline residential portfolio spans 17 brands and 50 countries and territories. A pioneer in the segment, the Marriott Branded Residences portfolio has generated $7.2B in residential sales revenue for third-party developers in the last five years. In that same time period, the company has grown its residential portfolio by approximately 60 percent, with plans to more than double its existing portfolio in the coming years. "In the past 25 years, Marriott International has taken our branded residential portfolio to new heights. As we continue striving to meet expanding and dynamic hospitality interests, we are proud to work with best-in-class developers and designers to create unrivaled residential properties and amenities that resonate with homeowners," said Dana Jacobsohn, Chief Development Officer, North America Luxury Brands and Global Mixed-Use. "With plans to more than double our portfolio in the coming years, these recently signed agreements are perfect examples of the outstanding caliber of properties and locations we're bringing to market."Starting with The Ritz-Carlton Residences, Washington, D.C., which opened in 2000 as the company's first branded residences, each Marriott Branded Residence is meticulously designed to provide an elevated lifestyle and curate a deep sense of community for residents. To help deliver on that promise, Marriott offers Residence Owners access to Onvia, the company's fully integrated ownership recognition platform that opens up exclusive access to offerings such as elevated Marriott Bonvoy® Status, preferred Owner rates for select hotels, special culinary experiences, preferred access with The Ritz-Carlton Yacht Collection, and more. As a result of the dedication and service provided to residents, Marriott also recently became the first-ever hospitality company to receive official accreditation from the Accredited Association Management Company."Our 14,000 Residence Owners choose to live with our brands because they know they can expect the best of the best. With nearly 100 years of hospitality expertise and 25 years in branded residences, Marriott is well-positioned to deliver world-class lifestyle experiences at every residential property," said John Hearns, Senior Vice President, Global Residential Operations. "Dedicated to cultivating a true sense of belonging for residents, our property associates bring warmth and attention to detail into everything they do, and I couldn't be prouder of the beautiful communities we've created for our residents."The Residences at The Detroit EDITION: Marriott and Bedrock have announced a partnership to unveil The Residences at The Detroit EDITION, bringing the world-renowned EDITION brand to Detroit. Located in the heart of downtown, the authentically designed luxury residences are reflective of the developer's passion and commitment to building momentum in the city. The residential component of the project is anticipated to comprise 97 units, each embodying the EDITION brand's best-in-class design, service, amenities and entertainment, all under one roof. The introduction of the EDITION brand to the Midwest demonstrates the growing interest for luxury lifestyle options. Today, the EDITION brand has 4 open residential properties globally, with 7 in the pipeline.The Ritz-Carlton Residences, Muskoka: Offering an opportunity to live on waterfront property on a forested private island, The Ritz-Carlton Residences, Muskoka are nestled within one of Canada's most storied and naturally beautiful island destinations. Developed by Toronto-based Density Group Limited, the property is set within a remote sanctuary and is set to comprise only 32 architecturally distinct homes, complete with expansive windows framing the surrounding forest and water.The Residences at the St. Regis Papagayo Resort: Located in one of the most lush, biodiverse destinations in the world, The Residences at the St. Regis Papagayo Resort are anticipated to comprise around 140 residential units, each reflective of the exquisite and bespoke design signature to the St. Regis brand. Led by developers Solana PA, S.R.L. and Industrias Turisticas Wafou, S.R.L, this co-located hotel and residences property will have design inspired by the local culture and its ocean surroundings. Residents will be able to enjoy amenities at the neighboring hotel, including the St. Regis Library, multiple swimming pools, a spa, an exclusive beach club, and an expansive outdoor space for celebrations and gatherings.The Residences at The St. Regis Jeddah: Marriott signed an agreement with Miyar Alshati Real Estate Company, Telal Al Wadi Real Estate Company and Saud Al Arifi Investment to introduce the iconic St. Regis brand to Jeddah in the Kingdom of Saudi Arabia. Anticipated to open in 2030, the project features a luxury hotel and 191 residences that will bring St. Regis' celebrated rituals, glamorous bespoke spirit, storied heritage, and signature Butler service to the coastal city.These signings are the latest for Marriott Branded Residences, as the company continues to see exciting growth in new and existing markets around the world. Additional recent and anticipated openings and signings include: Marriott Branded Residences Recent and Expected Openings: JW Marriott Residences, Grand Marina Saigon, Sea The Residences at Nekajui, A Ritz-Carlton Reserve JW Marriott Residences New Cairo, Al Jazi Marriott Branded Residences Recent Signings: The Residences at the Nashville EDITION The St. Regis Residences, Houston W Residences Al Marjan Island To learn more about Marriott Branded Residences, visit https://marriottresidences.com/.ABOUT MARRIOTT INTERNATIONALMarriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,500 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.NOTE ON FORWARD-LOOKING STATEMENTSThis press release contains "forward-looking statements" within the meaning of United States federal securities laws, including statements related to our development pipeline; expected future project openings and portfolio growth; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release and undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise.SOURCE Marriott International, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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