Marriott International Inc. signed management contracts with hotel developers for five new all-inclusive resorts in the Caribbean and Latin America, to be built with an investment of more than $800 million and slated to open between 2022 and 2025.
The hotelier said the move is aimed at catering to the vacation segment, adding that it aims to expand its all-inclusive portfolio in leisure destinations across the globe with new-build properties and by converting existing resorts, including properties currently in its portfolio.
Private equity firm and real estate developer Artha Capital intends to develop the 220-acre flagship NIA all-inclusive destination, which will feature four of Marriott's premium and luxury brands in Riviera Nayarit, Mexico.
These include the 240-room The Ritz-Carlton resort and the 400-room Westin Hotels resort, both expected to open in 2023; and the 300-room Autograph Collection resort and the 500-room Marriott Hotels resort, both slated to open in 2025. A 650-room Autograph Collection resort in Punta Cana, Dominican Republic, is expected to open in 2022.
The new platform will allow Marriott Bonvoy members to earn and redeem points for this pay-one-price concept, Marriott noted.