Marriott International Announces Exciting Expansion of Luxury Portfolio with Iconic U.S. Properties
Company Plans to Welcome The Resort at Pelican Hill (Newport Beach, CA), Turtle Bay Resort (O’ahu, HI), and a Luxury Hotel in Midtown Manhattan (New York City) to Its Luxury Portfolio
(IN SHORT) Marriott International, Inc. announces plans to convert three iconic luxury properties in the U.S. into brands within the Marriott Bonvoy portfolio, adding over 1,000 rooms to its system. The properties include The Resort at Pelican Hill in Newport Beach, Turtle Bay Resort in O’ahu, and a luxury Midtown hotel in New York City, all set to join Marriott Bonvoy’s luxury brands this summer. This move underscores Marriott’s commitment to luxury and expands its global luxury distribution, positioning the company as a leader in the luxury segment.
(PRESS RELEASE) BETHESDA, MD, 2024-Jun-5 — /Travel PR News/ — Marriott International, Inc. [Nasdaq: MAR] has revealed plans to transform three renowned luxury properties in the United States into esteemed brands within the Marriott Bonvoy portfolio. Set in coveted destinations across the country, The Resort at Pelican Hill in Newport Beach, Turtle Bay Resort in O’ahu, and a distinguished Midtown hotel in New York City are poised to join Marriott Bonvoy’s prestigious luxury collection this summer.
Leeny Oberg, Chief Financial Officer and Executive Vice President, Development at Marriott International, expressed enthusiasm about the recent deals, adding over 1,000 rooms to the company’s portfolio while reaffirming their dedication to luxury. Oberg highlighted Marriott’s appeal to property owners due to its extensive brand portfolio and robust platform driving results. The company boasts an industry-leading global luxury distribution with over 510 open hotels and another 234 in the signed pipeline, positioning them as leaders in the luxury segment.
Spanning from Manhattan to Hawai’i, Marriott’s luxury conversions include:
Midtown Manhattan Luxury Hotel: Set to join the Marriott Bonvoy portfolio on June 5, this upscale property is nestled in the heart of Midtown Manhattan, close to iconic landmarks such as Central Park, Times Square, and The Museum of Modern Art. This addition marks The Luxury Collection’s return to New York City.
The Resort at Pelican Hill: Anticipated to become part of Marriott’s luxury portfolio on July 1, this five-star retreat in Newport Beach, California, sprawls across 504 acres along the coast, boasting the Pelican Hill Golf Club with breathtaking ocean views. The property, owned by the Irvine Company, is expected to be rebranded as a St. Regis in the future.
Turtle Bay Resort, O’ahu: Expected to join The Ritz-Carlton brand portfolio later this summer, this sought-after hideaway on O’ahu’s North Shore epitomizes the island’s natural beauty, offering oceanfront bungalows and lavish suites. With seven secluded beaches, miles of trails, and deluxe amenities, this property promises unforgettable experiences. Host Hotels & Resorts’ acquisition of the property and Marriott’s assumption of management is slated for later this summer.
Dana Jacobsohn, Chief Development Officer, U.S. Luxury Brands & Global Mixed-Use at Marriott, emphasized the company’s commitment to strengthening and expanding its luxury pipeline. With seven dynamic luxury brands under its umbrella, including The Ritz-Carlton, St. Regis, and The Luxury Collection, Marriott boasts over 510 luxury hotels and resorts across 70 countries and territories. Luxury properties currently constitute around 10 percent of both Marriott’s open rooms and pipeline rooms.
Note on Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of United States federal securities laws, including statements related to expected hotel additions and portfolio growth; our development pipeline; future growth opportunities; owner interest in our brands and platform; the power of our platform to drive results; 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 any forward-looking statement, whether as a result of new information, future events or otherwise.
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,900 properties across more than 30 leading brands in 141 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program. 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.
Media Contact:
Maggie McNerney
Senior Manager, Public Relations
Marriott International
Maggie.Mcnerney@marriott.com
Source: Marriott International
###