Marriott branded residence portfolio expands to 300

BETHESDA, Maryland — Marriott International announced signed branded residential agreements in Detroit; Muskoka, Canada; Gulf of Papagayo; Guanacaste, Costa Rica and Jeddah, Saudi Arabia; bringing the company’s branded residences total open and pipeline portfolio to around 300 projects.

Marriott is celebrating its 25th year in branded residential and its open and pipeline residential portfolio spans 17 brands and 50 countries and territories. The company said it has generated $7.2 billion in residential sales revenue for third-party developers in the last five years. It has grown its residential portfolio by approximately 60% during that period, with plans to more than double its existing portfolio in the coming years.

“In the past 25 years, Marriott International has taken our branded residential portfolio to new heights,” said Dana Jacobsohn, chief development officer, North America luxury brands and global mixed-use. “With plans to more than double our portfolio in the coming years, these recently signed agreements are perfect examples of the outstanding caliber of properties and locations we’re bringing to market.”

Here is more information on the recently announced Marriott-branded residential projects:

The Residences at The Detroit Edition: Marriott and Bedrock have announced a partnership for the 97-unit project under the Edition brand, which currently has four open residential properties globally, with seven in the pipeline.

The Ritz-Carlton Residences, Muskoka: Developed by Toronto-based Density Group Ltd., the property is set to comprise 32 architecturally distinct homes.

The Residences at The St. Regis Papagayo Resort: The project, led by developers Solana PA, S.R.L. and Industrias Turisticas Wafou, S.R.L, will offer 140 residential units.

The Residences at The St. Regis Jeddah: Marriott signed an agreement with Miyar Alshati Real Estate Co., Telal Al Wadi Real Estate Co. and Saud Al Arifi Investment to introduce the St. Regis brand to Jeddah in the Kingdom of Saudi Arabia. Anticipated to open in 2030, the project will feature a luxury hotel and 191 residences.

Additional recent and anticipated openings and signings include: