Marriott International Announces Agreement with Saxum Group to Develop Residence Inn by Marriott and Fairfield by Marriott in Costa Rica
The two new hotels located in the Greater Metropolitan Area of San Jose will be the first Fairfield by Marriott and the second Residence Inn by Marriott in the country
Marriott International, Inc. today announced it has signed an agreement with Saxum Group to develop the first Fairfield by Marriott and second Residence Inn by Marriott in Costa Rica, growing its portofolio to 17 hotels in this sought after market. The new properties will feature 125 and 117 rooms respectively.
Known for adventure and leisure tourism, Costa Rica has long been a hub for business in the region and continues to be one of the most attractive Latin American countries in which to do business. The destination is ranked by the World Economic Forum (WEF) as number one for innovation in Latin America and a sought-after market for direct foreign investment.
"We are thrilled to collaborate with Marriott International on this important project. Together we hope to change the current landscape of Curridabat and Coyol and will also attract new development investments to the country," said Rodrigo Quirós Carballo, President of Saxum Group.
Residence Inn Alajuela will be located in Coyol de Alajuela, known as the country’s new logistics hub with easy access to San Jose International airport. Situated near QALMA, a modern residental highrise of 13 floors, and the only vertical housing development in the area, the hotel will elevate the hospitality offering in this up and coming neighborhood.
Featuring 117 of the brand’s spacious suites designed for distinct living, working, and comfortable sleeping spaces, travelers can maximize their time and thrive while on the road with fully equipped kitchens in each suite, grocery delivery service, 24/7 grab-and-go markets and complimentary breakfasts.
Fairfield by Marriott San Jose Curridabat is slated to have 125 rooms featuring the brand’s contemporary, uplifting design to provide an effortless experience for guests to maintain their routines while on the road. This property will be located in Guayabos de Curridabat a growing business cluster east of San Jose.
Committed to driving real estate development for people and the planet, SAXUM is a dedicated to developing successful real estate businesses. The team consists of professionals specialized in engineering, financial modeling, architecture, project management, corporate finance, continuous improvement, information technology, marketing, marketing, financial advice and operations.
SAXUM focuses mainly on the structuring and integral development of real estate projects; as well as the marketing and operations of real estate. To date, they have developed projects for more than $100 million in the residential, commercial, office, industrial and hospitality sectors. Each project incorporates the particular realities of the specific market and has a corporate governance plan that allows the best possible development for shareholders and their customers
For more information you can visit www.saxumcr.com or follow us on the social networks of Facebook and LinkedIn as @saxumcr.
About Marriott International
Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of roughly 7,900 properties under 30 leading brands spanning 138 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, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.