PHOTO
Doha, Qatar: Al Rayyan Tourism Investment (“ARTIC”), one of the leading international hotel investment companies, is pleased to announce that it has signed an agreement with Marriott International to operate six properties in prime locations across Qatar. The hotel openings are anticipated to mark the introduction of five new brands in the country – Autograph Collection, Delta Hotels by Marriott, Element by Westin, Le Meridien, and Marriott Executive Apartments.
To mark the occasion, Sheikh Mohammed Bin Faisal Al Thani, Vice Chairman of ARTIC, commented: “We welcome the signing of these six new agreements. The completion of five new projects within 2021 will be a first for Qatar’s hospitality sector and will further enhance ARTIC’s position as a leading player in the sector and supporter of the development of Qatar’s tourism industry. These agreements will bring ARTIC’s total number of hotel keys in Qatar to over 3,260, further enhancing ARTIC’s investment portfolio as they represent established international brands known for their quality, adding value to ARTIC and for all our stakeholders. Our ongoing investment and commitment to these partnerships remains a priority for us, and we are extremely proud to be an integral part of Qatar’s attractive local market, based on our country’s strategic location in the region, attractive investment climate and excellent track record of organizing successful prestigious events.”
Mr. Tarek M. Al Sayed, ARTIC’s Managing Director and CEO, added: “As we build on our long-term relationship with Marriott International, we continue to bring distinctive new brands to Qatar’s hospitality scene. This showcases our ongoing commitment to the Qatari market and our uncompromised focus on the quality of assets and premium experience they provide to our guests. These six new agreements were signed in line with our reputation of always being committed to maintaining the highest standards of quality and design in all our assets, making ARTIC a preferred collaborator for a well-established, world-leading operator such as Marriott International. It is with pleasure that we announce that with the expected completion of these new hotels in 2021, the majority of ARTIC’s portfolio of properties will be operational, supporting our future growth through new developments and acquisitions.”
Ziad Abi Raad, Director of Lodging Development - Middle East & Pakistan for Marriott International, commented: “We are delighted to strengthen our relationship with ARTIC and further enhance our footprint in the country with six additional hotels. Qatar is a key growth market that continues to present great opportunities for us to expand our portfolio. We look forward to introducing these new brands into this market and remain committed to supporting the growth of the country’s tourism sector.”
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
