Marriott International Expands Presence in Coastal Xiamen with a Signed Agreement to Debut The Ritz-Carlton Brand

Marriott International, Inc. (MAR), a leading global hospitality company, recently announced its expansion in the coastal city of Xiamen, China. The company has signed an agreement to debut The Ritz-Carlton brand in this popular tourist destination.

The Ritz-Carlton, Xiamen will be located in the prestigious Lujiang Harbor development, offering stunning views of the city skyline and the picturesque Jinmen Bay. The hotel will feature 200 luxurious guest rooms and suites, along with world-class amenities including multiple dining options, a spa, fitness center, and meeting facilities.

Xiamen is known for its beautiful coastal scenery, rich cultural heritage, and vibrant business environment. With its strategic location, the city attracts a large number of tourists and business travelers every year. The addition of The Ritz-Carlton brand will further enhance the city's appeal as a luxury travel destination.

Marriott International is committed to investing in the development of its portfolio in China, recognizing the country's growing importance in the global hospitality industry. The company currently operates over 390 hotels in China and has more than 280 hotels in the pipeline, highlighting its commitment to the market.

"The expansion of our presence in Xiamen with The Ritz-Carlton brand is a testament to our confidence in the city's continued growth and its potential as a thriving travel destination," said Craig S. Smith, President and Managing Director, Marriott International Asia Pacific. "We look forward to offering our guests an unparalleled experience of luxury, personalized service, and renowned hospitality."

With its well-established brand and strong presence in the global hospitality industry, Marriott International continues to be a top choice for investors looking to capitalize on the leisure and recreation services sector. Analysts recommend considering the company's stock as a valuable addition to an investment portfolio.

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