Al Rayyan Tourism Investment Company (ARTIC), one of the world's leading hotel investment companies and fully owned by Al Faisal Holding Group, has signed an agreement with Marriott International to rebrand the residential developments of the Al Jazi Egypt project.
The Ritz-Carlton residences will replace JW residences, and JW Marriott residences will replace Marriott Residences. The rebranding reflects the superior quality of these developments, offering the highest standards of residential real estate.
The Al Jazi Egypt project is in the centre of New Cairo city and is a mixed-use development featuring a distinctively designed commercial mall “Al Jazi First Mall”, a modern office building “Chess field Al Jazi”, a hotel under the “Moxy” brand of Marriott, and two Marriott International residential developments "The Ritz-Carlton Residences New Cairo, Al Jazi Gardens" and "JW Marriott Residences".
The Al Jazi Egypt project has been fully completed and all the units in the “JW Marriott Residences New Cairo, Al Jazi First” development have been sold. The “Ritz-Carlton Residences New Cairo, Al Jazi Gardens” project is 95% completed.
The agreement was signed during a dinner hosted by ARTIC at the Sheikh Faisal bin Qassim al-Thani Museum to mark the visit of the chief executive of Marriott International, Anthony Capuano, and Craig Smith, president Marriott International, and Sataya Anand president, Europe Middle East and Africa. The dinner was also attended by members of the board of directors of ARTIC and a number of representatives of Marriott International.
"This enables us to work with the largest operating brands around the world, such as Marriott. The number of units owned by ARTIC and managed by Marriott International is 5,500 units, and we look forward to increasing this number to 7,500 soon," ARTIC Chairman HE Sheikh Faisal bin Qassim al-Thani said, adding "there are also additional projects in the pipeline that will be announced in the near future.”
Tarek El-Sayed, chief executive and managing director of ARTIC, said the signing of this agreement with Marriott International, adds significant value to its investment portfolio.
"The development contains 1,200 residential units divided into five complexes, each with its own facilities, including swimming pools, restaurants and gyms, in addition to a state-of-the-art club house," he said.
The branded residential developments combine elegant interior design, luxurious finishes, the highest standards of hospitality, luxury and comfort, with all the convenience and service of a hotel.
"A number of similar projects in different cities will be announced soon, to meet the growing demands of the global real estate market," according to him.
The Ritz-Carlton residences will replace JW residences, and JW Marriott residences will replace Marriott Residences. The rebranding reflects the superior quality of these developments, offering the highest standards of residential real estate.
The Al Jazi Egypt project is in the centre of New Cairo city and is a mixed-use development featuring a distinctively designed commercial mall “Al Jazi First Mall”, a modern office building “Chess field Al Jazi”, a hotel under the “Moxy” brand of Marriott, and two Marriott International residential developments "The Ritz-Carlton Residences New Cairo, Al Jazi Gardens" and "JW Marriott Residences".
The Al Jazi Egypt project has been fully completed and all the units in the “JW Marriott Residences New Cairo, Al Jazi First” development have been sold. The “Ritz-Carlton Residences New Cairo, Al Jazi Gardens” project is 95% completed.
The agreement was signed during a dinner hosted by ARTIC at the Sheikh Faisal bin Qassim al-Thani Museum to mark the visit of the chief executive of Marriott International, Anthony Capuano, and Craig Smith, president Marriott International, and Sataya Anand president, Europe Middle East and Africa. The dinner was also attended by members of the board of directors of ARTIC and a number of representatives of Marriott International.
"This enables us to work with the largest operating brands around the world, such as Marriott. The number of units owned by ARTIC and managed by Marriott International is 5,500 units, and we look forward to increasing this number to 7,500 soon," ARTIC Chairman HE Sheikh Faisal bin Qassim al-Thani said, adding "there are also additional projects in the pipeline that will be announced in the near future.”
Tarek El-Sayed, chief executive and managing director of ARTIC, said the signing of this agreement with Marriott International, adds significant value to its investment portfolio.
"The development contains 1,200 residential units divided into five complexes, each with its own facilities, including swimming pools, restaurants and gyms, in addition to a state-of-the-art club house," he said.
The branded residential developments combine elegant interior design, luxurious finishes, the highest standards of hospitality, luxury and comfort, with all the convenience and service of a hotel.
"A number of similar projects in different cities will be announced soon, to meet the growing demands of the global real estate market," according to him.