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The Resort at Pelican Hill (Newport Beach, CA) -
Turtle Bay Resort (O’ahu, HI)
Company Plans to Welcome The Resort at Pelican Hill (Newport Beach, CA), Turtle Bay Resort (O’ahu, HI), and a Luxury Hotel in Midtown Manhattan (New York City) to Its Luxury Portfolio
Marriott International, Inc. [Nasdaq: MAR] announces plans to convert three iconic luxury properties in the U.S. to brands within the Marriott portfolio. Located in some of the most sought-after destinations in the country, The Resort at Pelican Hill, Turtle Bay Resort, and a luxury Midtown hotel in New York City are all expected to join Marriott Bonvoy’s luxury brands this summer.
“In the last few weeks, we finalized deals for conversions of three incredible properties, adding over 1,000 rooms to our system and continuing to underscore our commitment to luxury,” said Leeny Oberg, Chief Financial Officer and Executive Vice President, Development, Marriott International. “We are sought out by owners because of the depth and breadth of our brand portfolio and the power of our platform to drive results. Today, the company has an industry-leading global luxury distribution of over 510 open hotels with another 234 luxury hotels in the signed pipeline. We look forward to strengthening our leadership in this important customer segment as we continue to work with owners to maximize the potential of their projects.”
Stretching from Manhattan to Hawai’i, the company’s three planned luxury conversions include:
A luxury hotel in New York, New York, is expected to join the Marriott Bonvoy portfolio on June 5. This property is located in the heart of Midtown Manhattan close to top attractions including Central Park, Times Square, The Museum of Modern Art, Rockefeller Center, the shops on Fifth Avenue, and Radio City Music Hall. This exciting addition will mark The Luxury Collection’s return to New York City.
The Resort at Pelican Hill is a five-star luxury property located in Newport Beach, California, and is expected to join Marriott’s luxury portfolio on July 1. The 504-acre resort sits on the coast of Newport Beach and includes the Pelican Hill Golf Club, featuring two 18-hole golf courses with 270-degree ocean views. The Irvine Company will continue to own the property, with Marriott managing, and it is expected to be converted to a St. Regis at a later date.
Turtle Bay Resort, located on the North Shore of O’ahu, Hawai’i, is anticipated to join The Ritz-Carlton brand portfolio later this summer. A sought-after hideaway, this resort embodies the natural beauty of the island and is complete with oceanfront bungalows, lavish suites, and ocean view rooms. With seven secluded beaches within walking distance, 12 miles of hiking and biking trails, and incredible onsite amenities, the property provides guests with unforgettable experiences. Host Hotels & Resorts’ purchase of the property, as well as Marriott’s assumption of management of the resort, is expected to occur later this summer.
“Strengthening and growing our luxury pipeline is a top priority for the company, and I’m proud that Marriott remains the clear industry leader in the segment,” said Dana Jacobsohn, Chief Development Officer, U.S. Luxury Brands & Global Mixed-Use. “We look forward to working closely with our owners and franchisees to provide best-in-class service and experiences to guests from around the world seeking out these incredible destinations.”
With a portfolio of seven dynamic luxury brands — The Ritz-Carlton, including Ritz-Carlton Reserve and The Ritz-Carlton Yacht Collection, Bvlgari Hotels & Resorts, St. Regis Hotels & Resorts, EDITION, The Luxury Collection, JW Marriott, and W Hotels, Marriott currently has over 510 open luxury hotels and resorts in 70 countries and territories. Luxury properties currently account for around 10 percent of both Marriott’s open rooms and pipeline rooms.
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