HONG KONG - Marriott International and real estate developers Prestige Group will open six hotels across India bearing the W, JW Marriott, Tribute Portfolio and Moxy brands.
“This agreement marks a new chapter in our plan to expand in India, a critical growth market for Marriott International where we currently have 120 hotels across 16 brands.
“We are especially thrilled to have signed two Moxy locations – which will introduce our 17th brand in South Asia,” said Rajeev Menon, president, Asia Pacific, Marriott International.
“By working with experienced hotel developer Prestige Group, we are confident that together we're poised to change the hospitality landscape in India.”
Prestige Group plans to build and open the W Bengaluru, Tribute Portfolio Resort Bengaluru, Tribute Portfolio Hotel Kochi Maradu, JW Marriott Bengaluru Prestige Golfshire Resort & Spa, Moxy Chennai and Moxy Bengaluru, all of which are expected to open between 2021 and 2025.
The Moxy brand targets next-gen Millennial travellers with youthful design aesthetics. The 125-room Moxy Chennai and 200-room Moxy Bengaluru are both slated to open in 2024.
Irfan Razack, chairman and managing director, Prestige Group, said, “The Indian hospitality sector today is witnessing an upward trend across mid-scale, upscale and luxury segments.
“Renewed interest in the sector from leading global investors and steady infrastructure development in metros as well as top cities are driving the demand. The future holds immense promise.”