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ARTIC, Marriott sign six property deals in Doha

DOHA, January 17, 2021

Al Rayyan Tourism Investment (ARTIC), one of the leading international hotel investment companies, 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.”
 
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.” - TradeArabia News Service



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