Ritz-Carlton, one of the world class luxury brands of
Marriott International, Inc.
), recently announced the opening of its debut hotel - The
Ritz-Carlton Abu Dhabi, Grand Canal - in Abu Dhabi, UAE. The
hotel opening marks a major achievement of Marriott, adding the
prestigious hotel to its extensive luxury hotels portfolio.
Strategically positioned beside the Grand Canal, the new hotel
lies in proximity to the popular tourist destination, Sheikh
Zayed Grand Mosque. Marriott has chosen Abu Dhabi, given its
economical, cultural and historical background. With its
flourishing tourism industry, this city welcomes around 2 million
visitors each year.
The Ritz-Carlton Abu Dhabi, Grand Canal, features 447-rooms
along with 85 villas. The hotel also comprises ten restaurants,
swimming pool, spa, and large meeting spaces.
Marriott's Ritz-Carlton brand consists of luxurious properties
and distinctive resort locations across 26 countries. As of now,
The Ritz-Carlton owns and manages 81 properties worldwide with as
many as nine hotels exclusively in the Middle East region.
Owing to the saturation in the U.S market, Marriott is now
exploring new growth opportunities in the Middle East. Currently,
Marriott is operating 39 hotels in the region.
Another hotel company
Starwood Hotels & Resorts Worldwide Inc.
) also has a strong presence in the Middle East region.
Commencing its journey in 1963, Starwood now owns 45 hotels in
Marriott currently carries a Zacks Rank #3 (Hold). Some other
hoteliers, which are going to perform well, moving ahead, include
Home Inns & Hotels Management Inc.
Intercontinental Hotels Group plc.
). Home Inns & Hotels Management carries a Zacks Rank #1
(Strong Buy) while Intercontinental Hotels has a Zacks Rank #2
HOME INNS&HOTEL (HMIN): Free Stock Analysis
STARWOOD HOTELS (HOT): Free Stock Analysis
INTERCONTL HTLS (IHG): Free Stock Analysis
MARRIOTT INTL-A (MAR): Free Stock Analysis
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