Marriott International has signed a new agreement with PASHA Real Estate Group to develop a trio of new hotel and residential properties across Azerbaijan and Georgia.
The new properties in Eastern Europe will include The Ritz-Carlton Baku, Zagulba and The Ritz-Carlton Residences, Baku, Zagulba in Azerbaijan's capital and commercial hub.
The Ritz-Carlton Baku, Zagulba will feature 80 rooms and suites in addition to distinct dining venues and amenities such as an indoor swimming pool, fitness center, spa, a beach club and The Ritz-Carlton Club Lounge.
Meanwhile, The Ritz-Carlton Residences, Baku, Zagulba will offer 282 luxury apartments and villas along with dedicated facilities such as a clubhouse, fitness center, swimming pool, kids club, cinema and private beach access.
PASHA Real Estate Group also plans to develop a new tower within The Ritz-Carlton Residences, Baku—which opened in 2023—that will include 238 additional luxury residences along with dedicated amenities such as a lounge, fitness center and swimming pool.
Across the border in Georgia, Le Méridien Tbilisi will boast 152 rooms as well as multiple dining outlets, meeting and events space and a fitness center.
"Eastern Europe and the Caucasus remain an important growth area for Marriott, supported by increasing travel demand, evolving hospitality infrastructure and strong consumer and owner appetite for globally recognized brands," Neal Jones, President, Europe, Middle East & Africa, Marriott International, said in a statement.
"These agreements reflect the momentum we are seeing across the region and our strategy to expand a diverse portfolio of brands that resonates with a wide range of travelers and trip purposes, while also catering to the growing demand for premium lifestyle and luxury living experiences," added Jones. "We look forward to expanding our relationship with PASHA Real Estate as we further strengthen our presence in these dynamic markets."
"As a company, we are committed to shaping destinations that contribute to the long-term growth and attractiveness of Azerbaijan and the wider region," said Ozgur Geter, Chief Executive Officer of PASHA Real Estate Group.
"These projects reflect our vision to deliver world-class hospitality and luxury living experiences that meet evolving consumer expectations while creating lasting value for our communities and stakeholders," Geter added. "Our relationship with Marriott has been built on a shared commitment to excellence, innovation and exceptional guest experiences, and we are proud to expand that collaboration through the introduction of new landmark developments under some of the world's most renowned brands."
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