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Neom is set to get a new Ritz-Carlton Reserve after it signed an agreement with Marriott International to bring a 60-villa resort to its mountain destination Trojena, it said in a statement. It’s the seventh time that Neom and Marriott International do business together, with two more agreements in the works for this year. Only six Ritz-Carlton Reserve properties now exist, split between Thailand, Indonesia, Puerto Rico, and Mexico. Information about the potential size of investment and timeline wasn’t disclosed.
What they said: “This signing also marks an important addition to our portfolio in Saudi Arabia where we continue to see a strong demand for our luxury brands,” said Chadi Hauch, Regional Vice President, Lodging Development, Middle East, Marriott International.
BACKGROUND- Some 100 global construction firms earlier this month received briefings on Neom’s construction progress at a two-day industry forum held days after Bloomberg suggested a slower buildout of the USD 500 bn mega development. Trojenais set to feature apartments, chalets, retail, dining, entertainment, leisure, sports and recreational facilities, and other hospitality properties, including a W Hotel and a JW Marriott Hotel.
