Marriott International has signed an agreement with Pasha Real Estate Group to develop three hotel and residential properties in Azerbaijan and Georgia.
The plans include a luxury hotel and branded residences under The Ritz-Carlton at Zagulba Beach in Baku.
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The Ritz-Carlton Baku, Zagulba is expected to comprise 80 guest rooms and suites in a beach resort setting.
The hotel is expected to feature a beach club, fitness centre, indoor swimming pool, spa, and Ritz-Carlton Club Lounge.
The development is also expected to feature The Ritz-Carlton Residences, Baku, Zagulba, comprising 282 luxury apartments and villas.
As agreed, Pasha Real Estate Group will develop a new tower at the existing site to add 238 new residences, along with dedicated amenities.
The agreement also covers the proposed development of a Le Méridien hotel in Tbilisi, Georgia.
Le Méridien Tbilisi is expected to include 152 contemporary guest rooms, multiple dining outlets, meeting and event facilities, and a fitness centre.
Marriott International Europe, Middle East and Africa president Neal Jones said: “These agreements reflect the momentum we are seeing across the region and our strategy to expand a diverse portfolio of brands that resonates with a wide range of travellers and trip purposes, while also catering to the growing demand for premium lifestyle and luxury living experiences.
“We look forward to expanding our relationship with Pasha Real Estate as we further strengthen our presence in these dynamic markets.”
The new developments add to the existing partnership between Pasha Real Estate Group and Marriott. The companies have collaborated on several properties in Azerbaijan, including The Ritz-Carlton, Baku; The St Regis Baku; JW Marriott Absheron Baku; and Baku Marriott Hotel Boulevard, among others.
Pasha Real Estate Group CEO Ozgur Geter said: “As a company, we are committed to shaping destinations that contribute to the long-term growth and attractiveness of Azerbaijan and the wider region.
“Our relationship with Marriott has been built on a shared commitment to excellence, innovation and exceptional guest experiences, and we are proud to expand that collaboration through the introduction of new landmark developments under some of the world’s most renowned brands.”
