U.S. Markets closed

Residence Inn Set To Double Its European Portfolio In 2017

LONDON and BETHESDA, Md., March 27, 2017 /PRNewswire/ -- Marriott International, Inc. (MAR) today announced the expansion of its extended-stay brand, Residence Inn by Marriott, with the signing of two new properties in London. With additional openings in Amsterdam and Aberdeen this year, Residence Inn expects to more than double its European portfolio in 2017.

The opening of Residence Inn London – London Bridge expected in Q2 2017 will mark the debut of the company's industry-leading extended-stay brand in the capital, and the opening of Residence Inn London – Kensington is scheduled to follow in Q4.

Both properties, owned by a controlled affiliate of Starwood Capital Group, will be operated under a franchise agreement with hotel management company and specialists in the extended-stay market, Cycas Hospitality – London's second largest operator of serviced apartment and apart-hotels.

Located on Long Lane in Southwark, Residence Inn London – London Bridge will offer 87 generous suites. Well-connected with good transport links, and a short walk from some of the city's main historic attractions such as Tower Bridge and St. Paul's Cathedral, it is ideally situated for leisure and business travellers alike.

Residence Inn London – Kensington will be situated on Warwick Road in Earls Court, with 307 suites. The Kensington Olympia Exhibition Centre is a 10-minute walk away, while cultural attractions such as The Victoria and Albert museum, the Science Museum, Royal Albert Hall, and the Natural History museum can be reached within 10 minutes by car.

Both properties will cater to guests looking for longer stays with spacious suites and separate living, working and sleeping areas featuring upscale design and amenities. Fully functional kitchens; grocery delivery service; fitness facilities; 24-hour markets; complimentary breakfasts and free Wi-Fi throughout the hotel help guests maximise their time and thrive on long stays. Staying fit is made easier at Residence Inn properties courtesy of custom running routes that guests can access via MapMyFitness, thanks to the brand's global partnership with Under Armour Connected Fitness.

Carlton Ervin, Chief Development Officer Europe, Marriott International said: "Residence Inn is already the global leader in the extended-stay lodging segment, and we're excited that 2017 is set to be a pivotal year for the brand in Europe. We see these latest signings as a fantastic opportunity to grow the brand in such a strategic global destination, and we're excited to be working with Cycas Hospitality, which has a strong history of hospitality expertise."

John Wagner, Founding Partner of Cycas Hospitality said: "We are thrilled to welcome the world-class Residence Inn brand to the extended-stay sector in London and to our own expanding hotel portfolio.  We look forward to creating memorable moments for all our guests visiting these two new Residence Inn properties. Delivering a first-rate guest experience is in the DNA of all our Cycas Hospitality staff and we have an excellent track record to prove it."

The two London properties will be joined by new openings expected in Aberdeen and Amsterdam, growing the European portfolio from three to seven hotels. The four additions planned for 2017 will see almost 600 rooms added to the Residence Inn portfolio, and there are a further eight properties anticipated by the end of 2019.

Residence Inn
Residence Inn by Marriott is the global leader in the extended-stay lodging segment, with more than 730 properties located in the United States, Canada, Europe, the Middle East and Central America.  Designed for long stays, the brand offers spacious suites with separate living, working, and sleeping zones.  Fully functional kitchens; grocery delivery service; 24-hour markets and complimentary breakfasts help guests maximise their time and thrive while they travel. Each Residence Inn offers free Wi-Fi in both public and guests spaces to ensure continuous connectivity while on the road.   As a member of the Marriott International portfolio, Residence Inn participates in the award-winning Marriott Rewards® frequent guest programme.  Members earn their choice of points toward free vacations or frequent flyer mileage for dollars spent at any of the more than 4,000 Marriott hotels worldwide. For travel tips, the latest on the brand or to connect with other travelers, "like" Residence Inn on Facebook: www.facebook.com/residenceinn and follow Residence Inn on Twitter: www.twitter.com/residenceinn

Marriott International, Inc. (MAR) is the world's largest hotel company based in Bethesda, Maryland, USA, with more than 6,000 hotels in 122 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts. The company's 30 leading brands include: Bulgari®, The Ritz-Carlton® and The Ritz-Carlton Reserve®, St. Regis®, W®, EDITION®, JW Marriott®, The Luxury Collection®, Marriott Hotels®, Westin®, Le Méridien®, Renaissance® Hotels, Sheraton®, Delta Hotels by MarriottSM, Marriott Executive Apartments®, Marriott Vacation Club®, Autograph Collection® Hotels, Tribute Portfolio™, Design Hotels™, Gaylord Hotels®, Courtyard®, Four Points® by Sheraton, SpringHill Suites®, Fairfield Inn & Suites®, Residence Inn®, TownePlace Suites®, AC Hotels by Marriott®, Aloft®, Element®, Moxy® Hotels, and Protea Hotels by Marriott®. The company also operates award-winning loyalty programs: Marriott Rewards®, which includes The Ritz-Carlton Rewards®, and Starwood Preferred Guest®. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. Connect with us on Facebook and @MarriottIntl on Twitter and Instagram.

About Cycas Hospitality

Cycas Hospitality is an award-winning hotel management company specialising in extended-stay hotels in the UK and Europe.  It is the second largest operator of serviced apartment/apart-hotels in London. It combines real world, first-hand experience of hotel management with expertise in real estate investment and development. 

The Cycas Hospitality mantra is 'our job is not over until we get a smile'.  Traditional HR strategies are replaced with a Culture Team which recruits friendly and welcoming staff based on their personality.  This is the backbone of the Cycas philosophy and key to every Cycas managed hotel delivering a first-class guest experience. www.cycashospitality.com

Note on forward looking statements: The expected future hotel locations and openings are "forward-looking statements" within the meaning of U.S. federal securities laws, not historical facts, and are subject to a number of risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth; and other risk factors identified in Marriott International, Inc.'s most recent Annual Report on Form 10-K or quarterly report on Form 10-Q; any of which could cause the actual numbers or locations of new hotels to different. These statements are made as of the date of this press release, and we undertake no obligation to publicly update or revise them or any forward-looking statements, whether as a result of new information, future events or otherwise.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/residence-inn-set-to-double-its-european-portfolio-in-2017-300429910.html