Marriott International Plans To Expand Its Branded Residential Portfolio By More Than 70 Percent By 2022
September 05, 2018 / PRNewswire
Marriott International (NASDAQ:MAR) has announced that its branded residential portfolio is expected to grow by more than 70 percent in four years as both consumers and residential real estate developers seek homes affiliated with its brands such as Ritz-Carlton, St. Regis, EDITION and W everywhere from Mexico to Malaysiaand Boston to Bangkok. Marriott is the largest branded residential company in the lodging industry. With nearly 90 branded residential projects already open, the company has a pipeline of more than 60 additional signed and approved projects in locations ranging from resort destinations to gateway cities. In 2017 alone, the company signed 13 branded residential projects – setting an annual record. From gateway cities to emerging markets, Marriott's brands are flourishing where high-value real estate buyers work and play.