Marriott International, Inc. announced the first three projects under its strategic cooperation agreement with Delonix Group, one of the leading China-based hospitality companies, are now underway. Anticipated to open in spring 2025, the first signed Tribute Portfolio Hotels are expected to mark the brand's debut in three scenic destinations, and include the Grand New Century Hotel, Hangzhou Boao, a Tribute Portfolio Hotel, the Wonderland Resort, Hangzhou Jiande, a Tribute Portfolio Resort and the Grand New Century Hotel, Chongqing, a Tribute Portfolio Hotel.
We are pleased with how quickly our strategic agreement with Delonix Group has materialized with today's announcement of the first phase. The confidence that Delonix Group and other owners and franchisees have in Marriott underscores our operational excellence and the power of our brands. We are optimistic in meeting consumer needs, strengthening our brand presence in the region, and driving revenues for owners.
Yibing Mao, President, Greater China, Marriott International
These signings will mark Tribute Portfolio's brand debut in three scenic destinations including Chongqing, Xiaoshan and Jiande, providing guests with enriching experiences through captivating design and vibrant social scenes. Grand New Century Hotel, Chongqing, a Tribute Portfolio Hotel will offer 210 modern guest rooms and suites. Strategically located in the center of Chongqing, it is in close proximity to Chaotianmen Wharf, Hongya Cave, and tourist attractions and business districts. Wonderland Resort, Hangzhou Jiande, a Tribute Portfolio Resort islocated in the Qililong Area of the Fuchun River - Xinan River Scenic Area in Jiande, Hangzhou. Neighboring famous historical and cultural attractions such as Lingshi Temple and Zixu Gorge, the hotel features unique chalets and vacation-style cottages, offering a total of 203 guest rooms.Located in the central area of Xiaoshan district, Hangzhou, Grand New Century Hotel, Hangzhou Boao, a Tribute Portfolio Hotel draws design inspiration from Hangzhou's abundant river system and is anticipated to feature 299 guest rooms and suites.
We are pleased with the progress of our collaboration with Marriott International. With our local expertise combined with the strengths of Marriott, we look forward to offering more high-quality projects in the future.
Alex Zheng, Executive Chairman of Delonix Group
About Delonix Group
Delonix Group is a global hospitality and experiential consumer group, with a primary focus on offline consumer sectors such as hotels, restaurants, and offline entertainment. Delonix's investment portfolio includes the hotel group New Century Hotels and Resorts, as well as the innovative company 'Betterwood Lifestyle Lab'. Betterwood is a membership system launched by Delonix, committed to reshaping the landscape of experiential consumption. Adhering to an innovative approach, it connects with consumers by creating effective offline experiential scenes. For more information, please visit Delonix's website at www.delonix.group.
Delonix currently owns and operates 10 renowned lifestyle brands: Grand New Century, Maison New Century, Found Retreat, Grand House, Wonderland Resorts, CANARY, Ruby Hotels, MJ Hotel, Yiju Life and MORA SPACE.
Delonix has expanded its presence in the overseas hotel markets, with commercial territory expanding to over 1,400 hotels and 200,000 rooms in operation as well as under development pipeline. Based on user experience, Delonix considers ESG factors as strategic considerations for measuring corporate value. Delonix emphasizes a resilient and sustainable growth path by empowering the real economy through the cultural and tourism industry.
Note on forward-looking statements: This press release contains 'forward-looking statements' within the meaning of United States federal securities laws, including statements related to expected hotel openings; unit and rooms growth; our growth pipeline; brand debuts in certain markets; travel and business recovery trends and expectations; consumer and guest demand trends; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release and undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise.
About Marriott International
Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,800 properties across more than 30 leading brands in 139 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. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.
About Marriott Bonvoy
Marriott Bonvoy's extraordinary portfolio offers renowned hospitality in the most memorable destinations in the world, with 31 brands that are tailored to every type of journey. From The Ritz-Carlton and St. Regis to W Hotels and more, Marriott Bonvoy has more luxury offerings than any other travel program. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, and through everyday purchases with co-branded credit cards. Members can redeem their points for experiences including future stays, Marriott Bonvoy Moments, or through partners for luxurious products from Marriott Bonvoy Boutiques. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com.
Richard Guo
Senior Manager, Communications, Greater China Marriott International
MARRIOTT INTERNATIONAL, INC. 
