Courtyard by Marriott Continues Rapid Growth in Mexico With Plans for New Property in Mazatlán, Sinaloa, Mexico
Marriott International, Inc. (NASDAQ: MAR) announced today the signing of agreement with Inmobiliaria Turistica de Mazatlan to bring Marriott International's rapidly growing Courtyard brand to Mazatlán, Sinaloa, Mexico. Construction of the 200-room Courtyard property is set to begin in late 2016 and it is expected to open in 2019. The hotel is owned by Inmobiliaria Turistica de Mazatlan, S.A. and managed by Marriott International.
Bethesda, Maryland -- Marriott International, Inc. (NASDAQ: MAR) announced today the signing of agreement with Inmobiliaria Turistica de Mazatlan to bring Marriott International's rapidly growing Courtyard brand to Mazatlán, Sinaloa, Mexico. Construction of the 200-room Courtyard property is set to begin in late 2016 and it is expected to open in 2019. The hotel is owned by Inmobiliaria Turistica de Mazatlan, S.A. and managed by Marriott International. Once completed, Courtyard Mazatlán will be poised to attract business travelers by offering a refreshing ambience that helps guests stay connected, productive and balanced while traveling.
The hotel will be located on a 4,650 m2 ocean-front site located in Mazatlán's Zona Dorada district. The project will inject an estimated US$ 23M into the local economy,
The property will feature the Courtyard brand's thoughtfully designed guest rooms provide the optimum balance between work, relaxation, comfort and sleep, public spaces where high tech meets high style and offer hot and healthy breakfast selections and light evening fare, including snacks, cocktails, wine and beer.
Commenting on the announcement, Marriott International's President for the Caribbean and Latin America, Tim Sheldon said: "The Courtyard brand continues to experience rapid growth in the Mexican market. Courtyard has been a pioneer brand in the business travel category and owners from around the country are recognizing that the Courtyard brand is a smart, dynamic hotel that combines innovative technology with style and comfort."
Marriott International currently maintains a portfolio of 38 properties, 16 of which are under the Courtyard by Marriott brand representing 42% of the portfolio in Mexico. In Mexico, Marriott International maintains properties under the Ritz-Carlton, JW Marriott Hotels, Marriott Hotels, AC Hotels, Courtyard by Marriott Hotels, and Fairfield Inn & Suites brands. The company recently debuted the lifestyle brand AC Hotels with the first properties of the brand in the Caribbean and Latin America opening in Guadalajara and Queretaro.
About Marriott International
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,100 properties across more than 30 leading brands in 142 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program. For more information, please visit our website at www.marriott.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.
About Marriott Bonvoy
Marriott Bonvoy, Marriott International's award-winning travel platform, connects travelers to the people, places, and passions they love through an extraordinary collection of hotels and experiences worldwide. The platform features over 30 hotel brands and 10,000 destinations, including the largest collection of luxury offerings, distinctive boutique properties, premium home rentals, and more, providing renowned hospitality across the globe. With unrivaled access to the best in entertainment, culinary, sports, outdoor adventure, arts, culture, and more, Marriott Bonvoy offers transformative travel experiences that leave a lasting impression.
Marriott Bonvoy membership is free and unlocks unique benefits including the ability to earn points through travel and everyday activities, like purchases with co-branded credit cards. Members can redeem their points for free stays, experiences and more. Visit marriottbonvoy.com for more information and download the Marriott Bonvoy app here. Travelers can connect with Marriott Bonvoy on Instagram, TikTok, YouTube, and Facebook.
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