Marriott International, Inc. (NASDAQ: MAR) has announced significant growth and enhancements in its Marriott Branded Residences portfolio, bolstered by the new ONVIA platform, which enhances benefits for Residence Owners.
Since launching its first branded residence in 2000, Marriott has expanded to 138 residential locations, with a pipeline of 123 projects, reflecting nearly 90 percent growth. The portfolio spans 16 distinct brands, including The Ritz-Carlton, St. Regis, JW Marriott, Autograph Collection, EDITION, and W Hotels, offering diverse lifestyle and location choices. Notably, about 25 percent of these projects are standalone properties.
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Dana Jacobsohn, Marriott’s Chief Development Officer for U.S. Luxury Brands & Global Mixed-Use, emphasized the growing opportunities for developers and residents, attributing success to Marriott’s brand portfolio and global recognition. Developers gain from Marriott’s expertise, strong brand affinity, and long-term agreements, supported by a dedicated residential team and technical services.
The newly launched ONVIA platform aims to elevate Residence Owners’ experiences by offering elevated Marriott Bonvoy status, preferred hotel rates, special access to The Ritz-Carlton Yacht Collection, exclusive culinary experiences, wellness offerings, and a world-class concierge service. John Hearns, Marriott’s Senior Vice President for Global Residential Operations, highlighted ONVIA’s role in enhancing the lifestyle and brand promise for Residence Owners.
Marriott continues to expand its presence globally, with notable projects in regions like Europe, the Middle East, Africa, Asia Pacific, the United States, Canada, the Caribbean, and Latin America. New projects include The St. Regis Residences in Cairo, JW Marriott Residences in Jeju, The Ritz-Carlton Residences in Boston, and The Residences at The St. Regis in Costa Mujeres.
Marriott International remains a global leader in the hospitality industry, with nearly 8,900 properties across 30 brands in 141 countries, and operates the acclaimed Marriott Bonvoy travel program.
For more information, visit Marriott’s website and connect with Marriott on social media.
Source: Marriott International Expands Leadership in Branded Residences with New Owner Recognition Platform
