Marriott International, Inc. (NASDAQ: MAR) announced plans to expand its portfolio in Turkey with the expected opening of 10 properties by the end of 2022. With the anticipated openings, the company\u2019s portfolio in Turkey is expected to encompass 43 properties with over 7,000 rooms across eight markets by the end of 2022. Reinforcing its long-term focus on the market, the company also announced two recent deal signings under the Four Points by Sheraton brand.<\/p>\n\n\n\n
\u201cMarriott International has a strong history of successful operations in the Turkish market,\u201d said Beg\u00fcm Kaya, Director of Development, Turkey at Marriott International. \u201cWith our captivating portfolio of brands, world-class distribution platform and all-encompassing travel program, Marriott Bonvoy, we appreciate the confidence our owners and franchisees have with us in this exciting market.\u201d<\/p>\n\n\n\n
Strong Continued Growth for Select AccommodationsAcross the Country<\/em><\/strong><\/p>\n\n\n\n Marriott International continues to see growth in its select portfolio across brands such as Four Points by Sheraton and Residence Inn by Marriott. Four Points by Sheraton builds upon its momentum in the Turkish market with the Four Points by Sheraton Istanbul Kagithane<\/strong> expected to open this year and the Four Points by Sheraton Elazig <\/strong>projected to open in 2022.<\/p>\n\n\n\n To meet the demand for longer-stay accommodations in the country, the company is expected to debut its extended stay brand, Residence Inn by Marriott, with the anticipated opening of Residence Inn by Marriott Istanbul Atasehir<\/strong>later this year. The brand is ideal for guests seeking the comforts of home with modern, flexible suites with full kitchens and separate living and sleeping areas, providing the perfect solution for travelers mixing business and leisure travel.<\/p>\n\n\n\n Owner Desire for Marriott\u2019s Premium Brands<\/em><\/strong><\/p>\n\n\n\n The company\u2019s renowned premium brands also remain a strong driver of growth in the Turkish market. Following the recent opening of Orientbank Hotel Istanbul, Autograph Collection, two new Autograph Collection hotels are planned to open in Istanbul \u2013The Burdock, Autograph Collection<\/strong> in 2021 and Orient Occident Hotel, Autograph Collection<\/strong> in 2022. Providing independent hoteliers the opportunity to leverage the company\u2019s powerful distribution, sales and loyalty platform while maintaining their independent spirit, Autograph Collection hotels celebrate individuality while benefiting from the power of Marriott International\u2019s scale. <\/p>\n\n\n\n Delta Hotels by Marriott, which provides guests with exactly what they need for a seamless travel experience, made its debut in the country in 2019 with the opening of Delta Hotels by Marriott Istanbul Halic. The brand is slated to open Delta Hotels by Marriott Istanbul Levent<\/strong>by the end of 2021.<\/p>\n\n\n\n Sheraton Hotels & Resorts, which is currently undergoing a much-anticipated design transformation, remains a popular brand in Turkey. Following the recent openings of Sheraton Istanbul City Center and Sheraton Istanbul Levent, the brand is anticipated to open Sheraton Istanbul Esenyurt<\/strong> next year. Drawing on its roots as a community hub for locals and guests, the new Sheraton experience provides services and design that enable socialization, productivity, and personalization. Marriott Hotels, the company\u2019s flagship brand, continues to further grow its portfolio in Turkey with the recent opening of Izmir Marriott Hotel.<\/strong><\/p>\n\n\n\n Growing Demand Branded Residences<\/em><\/strong><\/p>\n\n\n\n In Turkey, the company\u2019s branded residential business continues to draw interest , with consumers seeking residential property in communities that offer a convenient lifestyle and an array of on-demand amenities and services,and with developers seeking to differentiate and elevate their products with trusted brands. Marriott International currently operates three branded residential properties in Turkey, including the recently opened Le M\u00e9ridien Residences, Bodrumand The Ritz-Carlton Residences, Bodrum, which marked the company\u2019s first standalone branded residences in the Europe, Middle East and Africa region. In 2022, the company is expected to open The Ritz-Carlton Residences, Istanbul<\/strong> and The Residences at the Sheraton Istanbul Esenyurt.<\/strong><\/p>\n\n\n\n Growth in Conversion Opportunities<\/em><\/strong><\/p>\n\n\n\n While much of the company\u2019s past growth in Turkey has been through new-build developments, the company has seen an increase in conversion opportunities. In the past two years, the company has signed six conversion deals across the country. The company has since opened five of the conversion deals under a Marriott International brand, including Sheraton Istanbul City Centre and Sheraton Istanbul Levent. There is also increased interest in the adaptive re-use space where developers are looking to convert existing buildings into hotel accommodations. In the past three years, the company has signed four adaptive re-use conversions in Turkey including JW Marriott Istanbul Bosphorus<\/strong> and The Burdock, Autograph Collection<\/strong>.<\/p>\n\n\n\n Turkey is home to 17 of Marriott International\u2019s brands, each serving differentiated experiences across traveler segments. The brands currently present in Turkey include:<\/p>\n\n\n\n JW Marriott, St. Regis Hotels & Resorts, The Ritz-Carlton, W Hotels, The Luxury Collection, and EDITION in the luxury segment; Marriott Hotels, Sheraton, Renaissance Hotels, Le Meridien, Autograph Collection, Delta Hotels by Marriott, and Design Hotels in the premium segment; Courtyard by Marriott, Four Points by Sheraton, Aloft Hotels and AC Hotels by Marriott, in the select service segment.<\/p>\n","protected":false},"excerpt":{"rendered":" Marriott International, Inc. (NASDAQ: MAR) announced plans to expand its portfolio in Turkey with the expected opening of 10 properties by the end of 2022. With the anticipated openings, the company\u2019s portfolio in Turkey is expected to encompass 43 properties with over 7,000 rooms across eight markets by the end of 2022. Reinforcing its long-term […]<\/p>\n","protected":false},"author":1,"featured_media":13161,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-13159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/13159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/comments?post=13159"}],"version-history":[{"count":1,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/13159\/revisions"}],"predecessor-version":[{"id":13162,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/13159\/revisions\/13162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media\/13161"}],"wp:attachment":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media?parent=13159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/categories?post=13159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/tags?post=13159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}