Marriott International has signed the Residence Inn by Marriott Al Jaddaf, the hotel group’s first property from the Residence Inn brand portfolio in the UAE. Due to be completed in 2019, the Residence Inn by Marriott Al Jaddaf will have 135 rooms.
The newly signed property is owned by Bahrain-based International Trading and Investment Company WLL, 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.
“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,” Alex Kyriakidis, president and managing director, Middle East & Africa, Marriott International said in a statement.
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 that includes an increase of the UAE footprint to 25 properties.
According to the 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.
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 2700 rooms to the country by 2020.