BETHESDA, Md. and INDIANAPOLIS, May 17,
2018 /PRNewswire/ -- Marriott International and Simon
announced their plans to open at least five new hotels at Simon
shopping centers over the next several years. From South Florida to New
York's Long Island, Simon's
premier shopping, dining, entertainment and mixed-use destinations
are increasingly becoming ideal hotel destinations – offering
consumers amenities steps from their room and providing both
companies a powerful combination that optimizes real estate
values.
"With consumers increasingly gravitating toward walkable,
mixed-use communities, opening new hotels alongside Simon's
thriving retail destinations is an important part of Marriott
International's growth strategy in North
America," said Eric Jacobs,
Chief Development Officer, Marriott
International. "Simon's centers provide leisure and business
travelers' alike access to shopping, restaurants, entertainment and
an array of unique experiences outside their door, providing the
perfect complement for our select-service brands such as AC by
Marriott and Residence Inn."
Simon began adding hospitality to elevate customer experience at
its centers and further enhance the value of its centers years ago.
In all, there are more than 15 Marriott-branded hotels located at
Simon properties including The Westin at The Domain in Austin, TX, which opened in 2010 and the AC
Hotel Atlanta Buckhead at Phipps Plaza, which opened in
Atlanta in 2016. Just last
year, Marriott TownePlace Suites® debuted at Coconut Point in
Estero, FL. Many more
properties have been developed in close proximity to Simon's
properties.
The following five Marriott International brand hotels are
expected to open at Simon centers over the next several years:
- AC Hotel by Marriott Fort Lauderdale
Sawgrass Mills/Sunrise
- AC Hotel by Marriott Miami Dadeland
- Courtyard® Marriott Wolfchase Galleria/Memphis
- Residence Inn Long Island Jericho
- Fairfield Inn & Suites Dallas Garland, Texas
"There is a great synergy when you combine Marriott's innovative
hotels and Simon's exciting shopping, dining, entertainment and
mixed-use properties," said Patrick
Peterman, Vice President of Development and Asset
Intensification at Simon. "The uses are very complementary. We've
recognized this for a long time."
"In addition to business travelers who like being able to walk
to restaurants, stores and entertainment, these hotels also appeal
to locals, who may book a hotel for a special shopping trip – such
as a wedding gown hunt," said Jamie
Krueger, Director of Sales and Marketing, AC Hotel Atlanta
Buckhead at Phipps Plaza. "Our hotel leverages its prime location
by creating fashion-infused experiences such as designer trunk
shows in our lobby and pop-up events throughout Phipps Plaza with
luxury car, watch makers and men's footwear brands in our AC
Lounge."
About Simon
Simon is a global leader in the ownership
of premier shopping, dining, entertainment and mixed-use
destinations and an S&P 100 company (Simon Property Group,
NYSE:SPG). Our properties across North
America, Europe and
Asia provide community gathering
places for millions of people every day and generate billions in
annual sales. For more information, visit simon.com.
About Marriott International, Inc.
Marriott
International, Inc. (NASDAQ: MAR) is based in Bethesda,
Maryland, USA, and encompasses a
portfolio of more than 6,500 properties in 30 leading hotel brands
spanning 127 countries and territories. Marriott operates and
franchises hotels and licenses vacation ownership resorts all
around the world. 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. In
addition, connect with us on Facebook and @MarriottIntl
on Twitter and Instagram.
Note on Forward-Looking Statements: This news release
contains "forward-looking statements" within the meaning of federal
securities laws, including the number of lodging properties
Marriott International may add in future years and similar
statements concerning possible future events or expectations that
are not historical facts. We caution you that these
statements are not guarantees of future performance and are subject
to a number of risks and uncertainties, including changes in market
conditions; changes in global and regional economies; 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
refurbishment; and other risk factors that Marriott International
identifies in its most recent annual report on Form 10-K or
quarterly report on Form 10-Q; any of which could cause actual
results to differ materially from the expectations we express or
imply here. We make these statements as of the date of this
press release, and we assume no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
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SOURCE Simon; Marriott International