Marriott International will expand its new Apartments by Marriott Bonvoy brand offering, with signed development agreements in the United States, Italy, and the Kingdom of Saudi Arabia. Today’s announcement comes on the heels of the recent opening of Marriott’s first Apartments by Marriott Bonvoy property, Casa Costera, Isla Verde Beach, in San Juan, Puerto Rico.
“Marriott is thrilled to bring Apartments by Marriott Bonvoy to our development community around the world,” Leeny Oberg, Marriott International CFO and EVP, development, said in a statement. “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.”
Providing guests with an independent stay, complete with sizable living spaces and sophisticated, locally inspired design, the properties are situated in prime locations and designed to offer premium and luxury apartment-style accommodations. Guests will have private bedrooms, a separate living room, full kitchen, and in-unit washer and dryer to make them feel at home.
From an owner perspective, Apartments by Marriott Bonvoy provides residential and hotel developers a unique option to convert an existing building, pursue a new build, or integrate as part of a multi-use property with a dedicated welcome lounge, outdoor space and other amenities. Apartments by Marriott Bonvoy will appeal to current Marriott owners and franchisees who are looking to diversify their portfolios, as well as multi-family residential developers.
With signed agreements in Detroit and St. Louis; Courmayeur, Valle D’aosta in Italy; and NEOM, Saudi Arabia, Apartments by Marriott Bonvoy is expected to continue growing its presence around the world through 2024 and beyond.
Marriott recently signed an agreement with Roxbury Group for an Apartments by Marriott Bonvoy in Detroit. Anticipated to open Q3 2024, the property is a conversion of The Plaza Apartments in Midtown Detroit, centrally located in the hub of the city. With approximately 92 units, this location will also have a 500-square-foot fitness center, and sits atop two restaurant outlets with easy guest access.
Marriott also is doing a new project with Midas Hospitality, a longtime owner and operator of Marriott properties, for an Apartments by Marriott Bonvoy in St. Louis. This 50-unit property will be co-located with a new Sheraton Hotel in downtown St. Louis. With a dedicated hotel entry, welcome lounge and check-in, guests can also take advantage of the hotel’s services and amenities. Located in a historic building that was constructed in 1929, this property’s design will reflect the heart and history of the city while offering guests the comforts of modern living.