Marriott International Brings St. Regis and EDITION Brands to Red Sea Project
Main Photo: St Regis Red Sea Resort
Date: November 2021
Names: St Regis Red Sea Resort & The Red Sea EDITION – due to open end 2023
Location: The Red Sea Project, West Coast of Saudi Arabia
Number of Keys: 90 Villas (St Regis) and 240 rooms and suites (EDITION)
Seller: TBA
Buyer: Red Sea Development Company
Marriott International, Inc. has signed an agreement with The Red Sea Development Company to develop two luxury hotels as part of the highly anticipated Red Sea Project in Saudi Arabia.
The Red Sea Development Company (TRESDC) is wholly owned by the Public Investment Fund (PIF) of Saudi Arabia. TRSDC was established to drive the development of The Red Sea Project, one of the first ‘giga’ projects announced by Saudi Arabia’s government. Covering 28,000 sq. km on the west coast of the country, the destination is expected to deliver new levels of service and put Saudi Arabia firmly on the global tourism map.
The destination also features sweeping desert dunes, mountain canyons, dormant volcanoes, and ancient cultural and heritage sites. It is designed to include hotels, residential properties, leisure, commercial and entertainment amenities, as well as supporting infrastructure that emphasizes renewable energy and water conservation and re-use, as well as a circular waste management system to achieve zero waste to landfill.
The St. Regis Red Sea Resort and The Red Sea EDITION will increase Marriott International’s footprint across the Kingdom where it currently has over 30 properties with more than 9,000 rooms across ten brands.
“We are excited to be working with The Red Sea Development Company to introduce St. Regis Hotels & Resorts and EDITION to one of Saudi Arabia’s most-anticipated projects,” said Jerome Briet, Chief Development Officer, Europe, Middle East & Africa, Marriott International. “These milestone signings illustrate Marriott International’s commitment to the growth of the tourism sector in the Kingdom and highlight increased demand for lifestyle and luxury accommodations and experiences.”
Expected to open in 2023, the St. Regis Red Sea Resort is situated on a private island and is expected to feature 90 villas, two signature restaurants, an outdoor pool, fitness centre, and spa, plus a Children’s Club.
Also due to open in 2023, with 240 guestrooms, including one-, two- and three-bedroom suites, the Red Sea EDITION will be located on the Red Sea Project’s main island, Shaura, The hotel plans to offer two signature restaurants, a destination bar, beach bar, fitness centre, a swimming pool, and spa. EDITION Hotels is the collaboration between hotel icon Ian Schrager and Marriott International.
John Pagano, CEO at The Red Sea Development Company commented, “Securing globally esteemed and recognized brands such as St. Regis Hotels & Resorts and EDITION operating our luxury resorts is a significant and positive step forward for our flagship destination. We are very much looking forward to working hand in hand with Marriott International to deliver unique and immersive guest experiences underpinned by a commitment to enhancing the environment and uplifting local communities as we endeavour to stay true to our regenerative promise.”
Activity for the first phase of development is well underway and is on track to be completed by the end of 2023. The project has surpassed significant milestones, with over 600 contracts signed to date, worth nearly SAR 18 bn ($4.7bn).
Price: Undisclosed
THPT Comment: Pleased to see that the PIF of Saudi Arabia are keeping sustainability at the head of their plans for this massive project. Well Done
First Seen: Marriott press release
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