Marriott International and Kuwaiti United Real Estate Co.in a joint statement issued on Saturday announced that they planned to develop a new St. Regis resort near Marrakesh in Morocco.
Marriott said in October it had signed deals with partners to increase its hotels in Africa 50 percent by 2023, opening new ones in Ghana, Kenya, Morocco, South Africa and entering the market in Mozambique.
The St. Regis Marrakech, in central Morocco, should open in 2024, the joint statement published in Kuwait said,though the cost of the development was not disclosed.
The deal “introduces” Marriott’s St Regis brand to Marrakech, it said, adding that the resort will be owned by Morocco’s Assoufid Properties Development and developed by United Real Estate, the unit of Kuwait Projects Co.
