Tuesday, November 29, 2022

Marriott International signs agreement with Prestige Group for two hotels

Marriott International, Inc has signed an agreement with Prestige Group and DB Realty for two of its brand, Marriott Marquis and The St. Regis Aerocity in New Delhi.

Slated to open in 2025, the agreement will add 779 rooms to the Marriott International portfolio.

“This enables us to provide more choices and experiences in key markets to serve an ever-growing and discerning customer base. India continues to be a priority market for us. We believe our strong distribution, deep relationships and the strength of our travel program – Marriott Bonvoy makes us a leading partner for growth,” said Rajeev Menon- President Asia Pacific (excluding Greater China), Marriott International.

Catering to the modern traveler’s needs, New Delhi Marriott Marquis is anticipated to feature 590 thoughtfully designed rooms. The hotel is slated to offer a variety of local and international gourmet delicacies at its three dining outlets, including an all-day dining restaurant, a speciality restaurant and a Diner.

The hotel will feature the Marriott Hotels Greatroom lobby – a stylish hotel hub that serves as a great social gathering place for day and night. Along with the Greatroom, plans call for the brand’s signature M Club Lounge, where Marriott Bonvoy Elite members can enjoy a range of complimentary food and beverage options throughout.

The St. Regis Aerocity, New Delhi, will feature 189 luxurious rooms and suites. With an exquisite blend of sophisticated design and traditional charm, the hotel is slated to feature an all-day dining restaurant, a specialty restaurant and a New York Deli, a tribute to the brand’s flagship hotel, The St. Regis New York, located at 55th and Fifth Avenue. Guests can also look forward to The Drawing Room and the signature St. Regis Bar. Guests will also enjoy the brand’s renowned Butler Service, offering highly bespoke services customized to each guest.

Irfan Razack, Chairman and Managing Director, Prestige Group, said, “We are pleased to announce that we have signed an agreement with Marriott International to develop a St. Regis and India’s first Marriott Marquis and Convention Centre at Aerocity, New Delhi. We are excited to embark on this journey to provide our customers with unmatched luxury, state of the art facilities, and premium hospitality and conferencing experience.”

The hotels are expected to be strategically located close to the Indira Gandhi International Airport (IGIA) and wish to offer another choice for business and leisure travelers looking for an extended stay in the heart of the Indian capital city.

In 2009 DB Realty, under its DB Hospitality brand, had bagged space for a convention centre with over 1,000 rooms on its 7.7-acre plot of land. The Bengaluru- headquartered firm had entered into a joint venture with DB Realty to develop a hospitality-led mixed-use project spread over a 7.7-acre land parcel in Delhi’s Aerocity. Prestige Group plans to build India’s largest hotel and convention centre on the said land parcel.

Realty developer Prestige Group has also picked up a 26 per cent stake in commercial development of DB Realty in 2019. The commercial property in Mumbai’s Bandra locality has a development potential of over 7 lakh sq ft and is valued at around Rs 2,100 crore.

The joint venture entity will develop a mixed-use project with of 200 hotel rooms, while the remaining will be office space. The deal marks Bangalore-based Prestige Estates Projects’ entry into the Mumbai commercial market.

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