MARRIOTT INTERNATIONAL SIGNS AGREEMENT TO BRING THE SECOND EDITION HOTEL TO SHANGHAI

Rhea-AI Summary

Marriott International (MAR) has signed an agreement with New Development Group to open the second EDITION Hotel in Shanghai by 2026. Located in the Putuo District near Changfeng Park, the property will feature 278 luxurious rooms and suites with views of Suzhou Creek. The hotel will include three restaurants, two bars, a swimming pool, gym, spa, and meeting facilities.

This development expands Marriott's luxury portfolio in Greater China, which currently includes over 70 hotels. The project, designed by SCDA, aims to blend urban excitement with peaceful retreat, offering guests a unique luxury experience in one of Shanghai's dynamic commercial areas.

Positive

• Expansion of luxury portfolio in Greater China market
• Strategic location in Shanghai's commercial district
• Addition of 278 rooms to Marriott's inventory
• Diversification of revenue streams with multiple amenities (restaurants, bars, spa)

Negative

• None.

Insights

Market Research Analyst

This hotel development agreement in Shanghai represents a strategic expansion of Marriott's luxury portfolio but has minimal immediate financial impact. The 278-room EDITION hotel, while prestigious, is relatively small compared to Marriott's total portfolio of over 9,100 properties. The 2026 opening timeline means revenue impact is distant.

The location in Shanghai's Putuo district, near Changfeng Park and Suzhou Creek, positions the property well for both business and leisure travelers. However, China's luxury hotel market faces challenges including oversupply in tier-1 cities and economic headwinds affecting high-end spending. The project's success will depend heavily on post-pandemic recovery of international travel and local luxury consumption patterns.

For investors, this represents Marriott's continued commitment to expanding its luxury presence in Greater China, where it now operates over 70 luxury hotels. While positive for long-term brand positioning, the single property addition is unlikely to materially impact Marriott's near-term financial performance.

SHANGHAI, Nov. 20, 2024 /PRNewswire/ -- Marriott International Inc. recently announced that it has signed an agreement with New Development Group to bring the second EDITION Hotels to Shanghai, set to open in 2026. Striking the perfect balance between taste-making design, excellent service, and an authentic connection to the locale, The Shanghai EDITION, Changfeng Park, aims to redefine the concept of luxury in the vibrant Putuo District.

"Shanghai remains one of the most dynamic and exciting destinations globally, and we are excited to be working with New Development Group to bring the second EDITION hotel to the city," said Bart Buiring, Managing Director, Luxury, Greater China, Marriott International. "The Shanghai EDITION, Changfeng Park represents a significant addition to our luxury portfolio in Greater China. With the brand's strong sense of refined, timeless design and exceptional service, we are confident that the hotel will become a sought-after destination for travelers seeking unique and memorable experiences."

Nestled by the Suzhou Creek in the Putuo district, adjacent to Changfeng Park, The Shanghai EDITION, Changfeng Park will immerse guests in Shanghai's commercial area. The hotel will offer stunning views of Suzhou Creek, Changfeng Park, and Suzhou Creek Half Marathon Park, which will provide a serene escape amid lush greenery, creating a perfect balance between urban excitement and peaceful retreat.

Designed by SCDA, a renowned international practice known for its holistic and sustainable spatial experiences, the hotel will feature 278 luxurious guest rooms and suites, many with stunning views of Suzhou Creek and Changfeng Park, making for the ultimate urban retreat. Guests will be able to indulge in culinary delights at three bespoke restaurants, complemented by two sophisticated bars. For relaxation, the hotel will offer a swimming pool, state-of-the-art gym, and spa. Additional facilities will include multiple meeting studios, ideal for corporate gatherings and social events.

"We are proud to partner with Luxury Group by Marriott International on The Shanghai EDITION, Changfeng Park project, building off the success of our previous developments," said Mr. Ding Furu, Chairman of New Development Group. "We are certain that The Shanghai EDITION, Changfeng Park will elevate the standard of luxury hospitality in Shanghai, offering guests a truly remarkable experience."

The signing underscores Marriott International's growing luxury portfolio in Greater China, where the company now boasts over 70 hotels. The Shanghai EDITION, Changfeng Park will expand this footprint as a one-of-a-kind hotel that combines uncompromising quality, impeccable service, and refined design.

About EDITION Hotels
EDITION Hotels is an unexpected and refreshing collection of individualized, customized, one-of-a-kind hotels that redefines the codes of traditional luxury. Displaying the best of dining and entertainment, services, and amenities "all under one roof," each EDITION property is unique, reflecting the best cultural and social milieu of its location and time.

Each hotel, with its individuality, authenticity, originality, and unique ethos, reflects the current spirit and zeitgeist of its location. Although all the hotels look completely different, the brand's unifying aesthetic is in its approach and attitude to the modern lifestyle rather than its appearance. EDITION is about a mindset and how it makes you feel rather than the way it looks. Sophisticated public spaces, finishes, design, and details serve the experience rather than drive it.

For an underserved market of affluent, culturally savvy, and service-savvy guests, the EDITION experience and lifestyle explores the unprecedented intersection and the perfect balance between taste-making design and innovation and consistent, excellent service globally. EDITION currently operates 20 hotels in New York and Times Square, Miami Beach, West Hollywood, Tampa, Barcelona, Bodrum, London, Reykjavik, Madrid, Rome, Abu Dhabi, Dubai, Sanya China, Shanghai, Tokyo Toranomon, Singapore, Riviera Maya at Kanai, Mexico, a second in Tokyo Ginza, and Jeddah, Saudi Arabia.

ABOUT LUXURY GROUP BY MARRIOTT INTERNATIONAL
With an unrivaled portfolio of eight dynamic luxury brands, Marriott International is creating authentic, rare, and enriching experiences sought by today's global luxurian. Spanning all corners of the world, Marriott International's Luxury Group offers a boundless network of more than 520 landmark hotels and resorts in 70 countries and territories through The Ritz-Carlton, Ritz-Carlton Reserve, Bvlgari Hotels & Resorts, St. Regis Hotels & Resorts, EDITION, The Luxury Collection, JW Marriott, and W Hotels. From the world's most iconic destinations to the ultimate undiscovered gems, the international hospitality leader's collection of luxury brands is focused on elevating travel with highly contextualized, nuanced brand experiences that signal the future of luxury by allowing guests to indulge their passions while sparking personal growth.

About Marriott International
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,100 properties across more than 30 leading brands in 142 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy^®, its highly awarded travel program.  For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the SEC, and any references to the websites are intended to be inactive textual references only.

ABOUT NEW DEVELOPMENT GROUP
New Development Group is a comprehensive multinational group company. It is mainly engaged in four major industries including real estate development and sales, hotel investment and management, manufacturing industry, and financial investment. 

The company under the management of Group had been established as early as 1992. Since its establishment, the Group so far owns over 100 subsidiaries and relative affiliates. The industry and project footprints are all over mainland of China, Hong Kong and Macao, Singapore, New Zealand, Australia and Guam area etc.

 

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SOURCE Marriott International, Inc.

FAQ

When will the new Shanghai EDITION Hotel (MAR) open?

The Shanghai EDITION, Changfeng Park is set to open in 2026.

How many rooms will the new Shanghai EDITION Hotel (MAR) have?

The hotel will feature 278 luxurious guest rooms and suites.

What amenities will the new Shanghai EDITION Hotel (MAR) offer?

The hotel will offer three restaurants, two bars, a swimming pool, state-of-the-art gym, spa, and meeting facilities.

Where will the new Shanghai EDITION Hotel (MAR) be located?

The hotel will be located in the Putuo District of Shanghai, adjacent to Changfeng Park and Suzhou Creek.