PRESS RELEASE: Marriott International and Landmark Africa Group announce signing of renaissance Lagos hotel and Marriott executive apartments

The 25 floor hotel will feature the 216 room full service Renaissance Lagos Hotel and 44 room Marriott Executive Apartment offering extended stay apartments with space, ambience and the privacy of residential living

LAGOS, Nigeria, November 15, 2017/ — Marriott International (NASDAQ: MAR) (www.Marriott.com) and Landmark Africa Group (www.LandmarkAfrica.com) today announced the signing of Renaissance Lagos Hotel and Marriott Executive Apartments. Slated to open in 2020, the hotels will be located within the Landmark Village precinct, a premier mixed-use, business, leisure and lifestyle development along the Atlantic Ocean waterfront in Victoria Island, the central business district of Lagos.

“We are excited to partner with the Landmark Africa Group on this project. With the rapid pace of urbanization more and more guests are looking for the value, the convenience and the vitality that mixed-use provides. The Renaissance Lagos Hotel and Marriott Executive Apartments will be a significant addition to our strong Nigeria portfolio. There is a growing need for high caliber short and extended stay lodging in Nigeria and we believe the two hotels together will help bridge this gap,” said Alex Kyriakidis, President and Managing Director Middle East and Africa, Marriott International.

The 25 floor hotel will feature the 216 room full service Renaissance Lagos Hotel and 44 room Marriott Executive Apartment offering extended stay apartments with space, ambience and the privacy of residential living. The hotels will offer a wide range of amenities, including local and international restaurants, spa facilities, a fitness center, and an infinity pool with access to a 100-meter-long boardwalk overlooking a vibrant beach club offering exciting watersports.

“Marriott International is synonymous with quality and unique lifestyle experiences globally, which we, at the Landmark Africa Group continuously strive to align ourselves with. We look forward to bringing Marriott’s hospitality and passion for excellence to the Landmark Village setting a new benchmark for mixed-use developments in the region,” said Paul Onwuanibe, Chief Executive Officer Landmark.

Designed to be the first Lagos equivalent of the Rockefeller Centre in New York, Canary Wharf in London, Rosebank in Johannesburg and Victoria & Alfred Waterfront in Cape Town, the Landmark Village features office spaces, luxury apartments, high end retail as well as international restaurants. It is rapidly emerging as a leading mixed-use development on the West African Coastline.

Distributed by APO Group on behalf of Marriott International, Inc..

Media contacts:

Landmark Africa Group
Marketing@LandmarkAfrica.com
+2348053333333

Anjali Mehra
Anjali.Mehra@Marriott.com
+971565396555

About Landmark Africa Group:
Landmark (www.LandmarkAfrica.com) began its operations in 1997, and is today recognized as a leading real estate services company in Africa, with a 150,000sqm development portfolio that comprises high rise commercial headquarters of several multi-national firms, retail developments, state of the art hospitality and conferencing facilities, and vast land banks along the Atlantic Ocean coastline.

Landmark is a financially stable and well capitalized enterprise. The Group is established with offices in the United Kingdom and 5 countries across Africa including Nigeria, Ghana, South Africa, Kenya and Ivory Coast. Their mission is to provide world-class business and leisure environments to improve the work-life balance of multi-national and domestic clients seeking an exclusive one stop shop setting in Africa.

You can find out more about the Landmark Africa Group by visiting www.LandmarkAfrica.com or connect with them @LandmarkAfrica on Facebook, Twitter and Instagram.

About Marriott International:
Marriott International, Inc. (NASDAQ: MAR) (www.Marriott.com) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 6,200 properties in 30 leading hotel brands spanning 125 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company also operates award-winning loyalty programs: Marriott Rewards®, which includes The Ritz-Carlton Rewards®, and Starwood Preferred Guest®. For more information, please visit our website at www.Marriott.com, and for the latest company news, visit www.MarriottNewsCenter.com. In addition, connect with us on Facebook (http://APO.af/F8xwrF) and @MarriottIntl on Twitter (http://APO.af/qxiLcH) and Instagram (http://APO.af/7AjVMa).

 

PRESS RELEASE: Marriott International continues extensive expansion in Africa: Targets over 200 hotels with more than 37,000 rooms by 2022 expecting to generate $8.5 billion of capital investment and 50,000 direct and indirect jobs

Today Announces Seven New Hotels, Marking a Debut in Ivory Coast and Strengthening Presence in Ethiopia, Ghana and Nigeria

KIGALI, Rwanda, October 10, 2017/ — From the Africa Hotel Investment Forum (AHIF) (www.Africa-Conference.com) in Kigali, Rwanda, Marriott International (NASDAQ: MAR) (www.Marriott.com) today announced further expansion plans in Africa with seven new hotel signings. Marriott International was the first global chain to make a significant investment in Africa with the acquisition of Protea Hotels for $210 million in 2014. The company is targeting over 200 hotels with 37,000 rooms open or in the pipeline by 2022, equating to around $8.5 billion of capital investment by its real estate partners, reinforcing its continued commitment to expansion in Africa and solidifying its leadership on the continent. The investment is expected to generate substantial economic activity and around 50,000 direct and indirect jobs once the hotels open.

“Africa today makes a very compelling story. We are seeing unprecedented traction for our compelling brands, driving our momentum of growth,” said Alex Kyriakidis, President and Managing Director, Middle East and Africa, Marriott International. “We have always believed in the potential of Africa and the opportunities the continent has to offer. With economic growth, a rising middle class and rapid urbanization, the demand for travel and high quality lodging is growing, providing us with a significant opportunity to enhance our footprint and play our part in supporting many emerging markets across the continent,” he added.

Today Marriott International hotels are present in 20 African countries: Algeria, Djibouti, Egypt, Ethiopia, Gabon, Ghana, Guinea, Kenya, Malawi, Mauritius, Morocco, Namibia, Nigeria, Rwanda, Seychelles, South Africa, Tanzania, Tunisia, Uganda and Zambia. The company is expected to foray into new markets including Benin, Botswana, Madagascar, Mali, Mauritania, and Senegal and has signed 1300 new rooms marking the debut of Marriott International into Ivory Coast while strengthening its presence in existing markets including Ethiopia, Ghana and Nigeria.

Abidjan Marriott Hotel, Ivory Coast

Within walking distance from the Presidential Palace, the 200 room Abidjan Marriott Hotel is strategically located in the heart of Plateau, the central business district and the commercial, financial and administrative center of Abidjan. Owned by Ivory Coast Investissement, the hotel is slated to open in 2021 and will be part of a mixed-use development that will include a conference center, offices, retail and a national library.

Sheraton Abidjan and Four Points by Sheraton Abidjan, Ivory Coast

Slated to open in 2022, both Sheraton Abidjan and Four Points by Sheraton Abidjan will also be part of a mixed-use development which will include a convention center, a marina, a shopping center and an office building. The 259 room Four Points by Sheraton Abidjan will be a conversion of an existing hotel, which will be rebranded following extensive refurbishment, while the 300 room Sheraton Abidjan will be a new build property. Owned by the Societe Des Lagunes, the hotels will be set on the waterfront in the affluent neighborhood of Cocody, an upmarket residential commune that also houses the embassy district.

With Ivory Coast being celebrated as one of Africa’s fastest-growing economies, and re-emerging as the gateway to Francophone Africa, the new hotels in the capital city of Abidjan are ideally placed for a long and thriving future.

Renaissance Landmark Lagos Hotel and Marriott Executive Apartments, Victoria Island, Lagos, Nigeria

Owned and developed by Landmark Africa Group, Marriott International will manage the 216 room Renaissance Landmark Lagos Hotel, as well as a 44-room Marriott Executive Apartments. Slated to open in 2020, the hotels will be located within the Landmark Village precinct, a premier mixed-use, business, leisure and lifestyle development along the Atlantic Ocean waterfront in Victoria Island, the central business district of Lagos. The 25-floor hotel will offer a wide range of amenities, including local and international restaurants, spa facilities, a fitness center, and an infinity pool with access to a 100-meter-long boardwalk overlooking a vibrant beach club offering exciting watersports.

Speaking on the increased interest in mixed-use development projects, Kyriakidis said, “As cities evolve and grow into flourishing urban centers, we will continue to see a lot of activity in this space. An international hotel brand can bring cachet to a project that positions it significantly above its peers and differentiates it from its competitors. Our compelling brands spanning every segment from Luxury to Premium to Select to Extended Stay, lend themselves to grow in all markets, city and resort as well as standalone and mixed-use formats, providing developers the flexibility and choice to identify the right brand for the right location.”

Le Meridien Accra, Ghana

 

The 160 room Le Meridien Accra, owned by 4-Mac Limited is strategically located close to the international airport, within the prestigious Airport Residential Area of Accra. It will provide easy access to key commercial, diplomatic and government nodes as well as to major city attractions. Scheduled to open in 2021, the hotel marks the debut of Le Meridien brand into Ghana.

Protea Hotel by Marriott Addis Ababa, Ethiopia

Projected to open in 2021, the 165 room Protea Hotel by Marriott Addis Ababa, located on Churchill Avenue will mark the debut of the brand into Ethiopia. The hotel will offer a specialty restaurant, a lobby bar and lounge and meeting facilities as well as a fitness center and spa.

Earlier this year, Marriott International had announced the debut of The Ritz-Carlton brand in the exotic Zanzibar Archipelago with the signing of The Ritz-Carlton Zanzibar, the 90 room all suite and villa luxury resort as well as the debut of Aloft into Mauritius with the signing of Aloft Port Louis, the brand’s first adaptive reuse project in Africa.

Commenting on the extraordinary pace of hotel signings and openings this year, Kyriakidis said, “Signings and openings form the cornerstone of our aggressive growth strategy. Our history and legacy on the continent and the strong foundations we have built over the years serve as a springboard for our future growth. Our brands are resonating with the aspirational and fast growing middle class in the region. Our strengthened footprint and increased distribution is driving market share and building loyalty which makes us more attractive to investors than ever before.”

The company debuted the Four Points brand in Tanzania last week with the opening of Four Points by Sheraton Arusha, The Arusha Hotel and is now gearing up to open the Four Points by Sheraton Dar es Salam, New Africa Hotel. Earlier this year the brand debuted in Kenya with the opening of Four Points by Sheraton Nairobi Hurlingham and is now expected to open its second hotel in Kenya, Four Points by Sheraton Nairobi Airport in the next couple of weeks.

In Egypt, the company recently reopened Sheraton Cairo, a city icon for over four decades, after extensive renovation. It is now looking to debut its renowned luxury brand St. Regis, with the opening of the spectacular St. Regis Cairo, a highly anticipated addition to the company’s luxury portfolio in the country.

Marriott also recently opened Protea by Marriott Owerri Select in Nigeria. Other forthcoming openings over the next couple of months include Sheraton Bamako which marks the debut of Marriott International in Mali, Protea Hotel by Marriott Constantine, the brand’s debut in Algeria and the Accra Marriott Hotel, the debut of the flagship Marriott Hotels brand in Ghana.

Today, Marriott International has a strong footprint across the continent operating 140 hotels with close to 24,000 rooms across 12 brands.

THINC Africa 2017: Exciting future for African hotel market

According to the United Nations World Travel Organisation (UNWTO), the African continent experienced an increase of 8.1%, while Western European destinations showed little to no tourism growth in 2016. Visitor totals in Sub-Saharan Africa grew more than 10% year-over-year – the most of any world region or sub-region.
Managing Partner of HVS in South Africa, Tim Smith believes there is ongoing demand for local knowledge and expertise from prospective investors, which prompted HVS to hold their Tourism, Hotel Investment and Networking Conference, THINC Africa for the first time last year. Following the success of the inaugural conference, the second conference will take place on 30- 31 August 2017 at the FNB Portside Building, situated in Cape Town’s iconic V&A Waterfront precinct.

“The conference is run by hotel consultants with a deep passion for the industry, for the benefit of the industry,” said Smith. The THINC conferences are held in various regions around the globe and are aimed at hotel investors, hotel brands, and management companies, real estate developers, investment bankers and lenders, fund representatives as well as public and private hotel, tourism and convention agencies.

Evolution of the African hotel market

According to the latest HVS African Hotel Market Update, 2016 was a positive year for the African hotel market, tempered by external factors such as UK voters opting for Brexit and the US voting for Donald Trump as their president, both of which will have far-reaching ramifications for global markets, including those on the African continent.

“The evolution of the hotel market across Africa continues with some of the largest international brands announcing they were opening hotels in new countries. For example, Marriott and Rezidor launched large hotels in Kigali, Rwanda. Rezidor also opened a Radisson hotel and convention centre in Togo and announced it was developing five Park Inn hotels in Angola,” Smith points out. “Meanwhile, after the merger with Starwood, Marriott will be opening their first hotel in West Africa, the Sheraton Grand in Conakry Guinea.

The more established markets continue to be popular with Hilton announcing a new Hilton in Upper Hill, Nairobi – the 255-room hotel is set to be the tallest in Nairobi. Hilton also reported it would build the first modular construction hotel in Africa, the 280-room Hilton Garden Inn in Accra, and said it planned a 350-room Hilton at Lagos International airport.

Meanwhile, Accor is progressing with their impressive partnership for 50 hotels in Angola and have just announced three new hotels in Ethiopia” he said.

Positive trends present an exciting future

Smith says 2017 is sure to see more exciting announcements and if commodity prices continue to recover, some of the larger and more influential countries may enjoy economic growth, which in turn should further promote hotel development. “There will be ‘bumps in the road’ but positive trends present an exciting future for operators and investors,” he said.

The tremendous potential for growth in South Africa and the Southern African region is attracting regional and global investors, lenders, developers and operators from the hotel and tourism industries.

THINC Africa going from strength to strength

“Last year’s conference speakers included 30 MDs, CEOs and equivalent senior executives as well as Wesgro CEO Tim Harris and James Vos, MP Shadow Minister of Tourism. The feedback from attendees was extremely positive. 80% thought our speakers were excellent and 93% said it offered excellent networking opportunities,” said Smith.

Smith says the conference is going from strength to strength and is expecting 200 delegates, up from last year’s 160. The focus will remain on hotel investment with sessions on issues affecting owners and operators. Speakers will be senior people in the industry with experience in Africa generally. A new addition to the programme will be sessions focused exclusively on particular countries and one-on-one interviews with business leaders and entrepreneurs.

“We want to ensure that all delegates leave having been challenged and learned something. We have already secured a stellar line-up of speakers and sponsors” Smith said. “We will be encouraging audience participation so individuals can have their questions and issues is addressed. The instructions to speakers will be ‘don’t be boring or say something that can be Googled – people want opinions’.”