Marriott Increases African Footprint with New Signings in 4 African Cities – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel

Marriott Increases African Footprint with New Signings in 4 African Cities

Image Source: Marriott

Weeks after creating the world’s largest hospitality company through its acquisition of Starwood Hotels and Resorts, Marriott has announced signings of new properties in Nairobi, Cape Town, Mauritius and Cairo. Alex Kyriakidis, President and Managing Director, Middle East and Africa, Marriott International explained that once completed, these new signings would bring their total African property and room count to 205 and 37,000 respectively.

In Nairobi, Kenya, a Four Points by Sheraton Nairobi, Hurlingham, is expected to open in 2017. The 96 room hotel is a conversion from an existing hotel and will the brand’s second hotel in the city, strategically located in the upmarket suburb close to the city centre and within easy access from the surrounding business areas of Westlands, Kilimani and Nairobi Central. The property is owned by Kamcan Properties Ltd.

In Cape Town, South Africa three new deals were announced including:

  • The AC Hotel Cape Town Waterfront located at the gateway to Cape Town’s waterfront,
  • Cape Town Marriott Hotel Foreshore located at Harbour Arch (200 rooms)
  • Residence Inn by Marriott Cape Town Foreshore (100 rooms)

The Cape Town deals are in partnership with the Amdec Group, Marriott’s long term partner and owners of the new Marriott Hotel and Marriott Executive Apartments Melrose Arch in Johannesburg, announced last year and currently under development.  The Amdec Group has played a key role in bringing in Marriott International’s global brands into South Africa, as they were the first to announce Marriott Hotels, Marriott Executive Apartments and now AC by Marriott and Residence Inn by Marriott into the market.

In Mauritius, the Sheraton brand will make a debut on the island with Sheraton Mauritius St Felix Resort and The Residences at Sheraton Mauritius St Felix Resort. Owned by Clear Ocean Hotel Resorts Limited, the resort will be a part of a mixed use development with a boutique retail mall and branded residences. It is scheduled to open in early 2020, featuring 152 guest rooms and suites as well as 37 branded apartments and villas.

Finally in Cairo, the Element Cairo, which will be situated in Cairo’s upscale Heliopolis district will offer 344 rooms and is scheduled to open in 2019. It will be developed by Abraj Misr Urban Development and owned by Middle East Real Estate for Development (MERED).

Speaking in conclusion,concluded Kyriakidis also explained:

“These news deals are testament to our combined development efforts going forward, as there are significant growth synergies between the brands and our newly combined company, with a focus on expanding brands across the region, and looking for opportunities in new markets.”

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