Marriott International and ADIA Invest in New UK Hotels

$800 Million Deal to Bring Two New Hotels to London and Scotland

Marriott International and Abu Dhabi Investment Authority (ADIA) have announced an $800 million deal to develop two new hotels in the United Kingdom. The hotels will be located in London and Scotland and are expected to open in 2024.

London Project

The London hotel will be a 200-room property located in the heart of Mayfair. The hotel will be part of Marriott's luxury brand, The Ritz-Carlton, and will feature a variety of amenities, including a spa, fitness center, and restaurant.

Scotland Project

The Scotland hotel will be a 150-room property located in Edinburgh. The hotel will be part of Marriott's upscale brand, AC Hotels by Marriott, and will feature a variety of amenities, including a bar, lounge, and fitness center.

Economic Impact

The new hotels are expected to create over 500 jobs during construction and over 200 permanent jobs once they open. The hotels are also expected to generate significant revenue for the local economy.

Environmental Sustainability

Both hotels will be designed to meet LEED certification standards, which means they will be built to be environmentally sustainable. The hotels will feature energy-efficient lighting, appliances, and building materials.

Market Outlook

The UK hotel market is expected to grow significantly in the coming years. The number of international tourists visiting the UK is expected to increase by 25% by 2025. This growth is expected to drive demand for new hotels.

Conclusion

The investment by Marriott International and ADIA in two new UK hotels is a sign of confidence in the UK hotel market. The new hotels are expected to create jobs, generate revenue, and meet the growing demand for hotel accommodations in the UK.