{"id":108057,"date":"2025-11-21T07:09:45","date_gmt":"2025-11-21T07:09:45","guid":{"rendered":"https:\/\/ainalalam.com\/?p=108057"},"modified":"2025-11-21T07:09:45","modified_gmt":"2025-11-21T07:09:45","slug":"marriott-international-and-sedco-capital-sign-agreement-to-open-a-courtyard-by-marriott-within-makkahs-masar-destination-the-landmark-moment-marks-marriotts-100th-property-in-the","status":"publish","type":"post","link":"https:\/\/ainalalam.com\/?p=108057","title":{"rendered":"Marriott International and SEDCO Capital Sign Agreement to Open a Courtyard by Marriott within Makkah\u2019s Masar Destination The landmark moment marks Marriott\u2019s 100th property in the Kingdom of Saudi Arabia"},"content":{"rendered":"[mhc_section admin_label=”\u0642\u0633\u0645” fullwidth=”on” specialty=”off”][mhc_fullwidth_menu admin_label=”\u0642\u0627\u0626\u0645\u0629 \u0628\u0639\u0631\u0636 \u0643\u0627\u0645\u0644” menu_id=”56″ background_color=”#ffffff” background_layout=”light” 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\u00a0Ain Alalam – Rashad Iskandrni<\/strong><\/p>\n

 <\/p>\n

Marriott International, Inc. today announced the signing of an agreement with a fund managed by SEDCO Capital for a 1,100 room Courtyard by Marriott in Makkah.\u00a0 The deal marks Marriott\u2019s milestone of 100 combined open and pipeline hotels in Saudi Arabia. \u00a0The property will be situated within the Holy City\u2019s landmark Masar destination which is owned, developed and operated by Umm Al Qura for Development and Construction.\u00a0 Expected to open in 2030, Courtyard by Marriott Makkah Masar is anticipated to deliver the brand\u2019s signature blend of exceptional hospitality, modern comfort and purposeful design.<\/p>\n

\u201cAchieving the 100-property milestone in Saudi Arabia underscores Marriott\u2019s commitment to one of the world\u2019s most dynamic hospitality markets,\u201d said Mr. Jerome Briet, Chief Development Officer, Europe, Middle East & Africa, Marriott International. \u201cThe signing of Courtyard by Marriott Makkah Masar reflects our confidence in the Kingdom\u2019s tourism growth and infrastructure development. As part of our broader expansion aligned with Vision 2030, this project also strengthens our presence in the Holy City of Makkah and will offer visitors a modern, service-oriented hospitality experience within the landmark Masar master plan.\u201d<\/p>\n

Spanning an area of over 4,500sqm, Courtyard by Marriott Makkah Masar is anticipated to feature 1,100 guest rooms and suites, multiple dining experiences and meeting and event facilities, including a ballroom. Plans for the hotel also include a fitness centre, a kids club and retail offerings. The hotel aims to offer visitors a welcoming environment with convenient access to Makkah\u2019s most significant landmarks.<\/p>\n

\"\"<\/p>\n

The hotel will be strategically located within the expansive Masar destination masterplan which will be defined by a central pedestrian walkway leading to the Masjid al-Haram. Masar destination is a landmark urban development featuring a mix of hospitality, commercial, retail and residential offerings alongside cultural centres. Aligned with Saudi Arabia\u2019s Vision 2030 to host 30 million pilgrims annually, the project aims to enhance infrastructure, improve connectivity and elevate Makkah\u2019s resident and visitor experience.\u00a0 The project will also benefit from the Transit-Oriented Development masterplan which aims to modernise urban transport infrastructure to improve the experience of residents and the increasing number of pilgrims.<\/p>\n

\n

Mr. Abdulwahhab Abed, Chief Executive Officer of SEDCO Capital added, \u201cThis agreement builds on SEDCO Capital\u2019s established track record in Makkah\u2019s hospitality sector and reinforces our strategy to expand investor access to resilient, Shariah-compliant real estate opportunities. In alignment with Vision 2030 and its objectives to enhance services for pilgrims, this development aims to strengthen year-round hospitality capacity and operational efficiency, while generating sustainable, long-term value for our investors.\u201d<\/p>\n

\n

The tourism sector in Makkah continues to demonstrate strong growth, driven by sustained religious and domestic visitation. Strategic developments such as Masar destination aim to reshape the city\u2019s urban and transit landscape, enrich the pilgrimage experience and support the Kingdom\u2019s Vision 2030. With robust infrastructure investments, steady visitor demand and its enduring significance as a global spiritual hub, Makkah remains a key destination for hospitality growth and development.<\/p>\n

\n

\u201cMakkah is a dynamic destination with growing tourism potential. We look forward to working with Marriott International on this landmark development within Masar, a destination that reflects the city\u2019s evolving urban and hospitality landscape,\u201d said Mr. Yasser AbuAteek, Chief Executive Officer of Umm Al Qura for Development and Construction. \u201cThis collaboration aligns with our shared vision to enrich the experience of Makkah\u2019s visitors and residents by driving sustainable, high-quality development and broadening the hospitality offerings available to them. It also reflects the continued flourishing of the city\u2019s real estate and hotel sectors, in line with the objectives of Saudi Vision 2030.\u201d<\/p>\n

\n

Marriott hotels have been operating in Saudi Arabia for over four decades and today the company has 44 properties and over 11,000 rooms in operation across 13 of its brands. Courtyard by Marriott brand, renowned for its thoughtful design and tailor-made service, remains the company\u2019s most global brand and currently operates six properties in the Kingdom.<\/p>\n

\n

ENDS<\/strong><\/p>\n

About Marriott International<\/strong><\/p>\n

Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of over 9,700 properties across more than 30 leading brands in 143 countries and territories,\u00a0as of September 30, 2025. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy\u00ae<\/sup>, its highly awarded travel platform. For more information, please visit our website at\u00a0www.marriott.com<\/strong><\/a>, and for the latest company news, visit\u00a0www.marriottnewscenter.com<\/strong><\/a>. In addition, connect with us on\u00a0Facebook<\/strong><\/a>\u00a0and @MarriottIntl on\u00a0X<\/strong><\/a>\u00a0and\u00a0Instagram<\/strong><\/a>.<\/p>\n

About SEDCO Capital:<\/strong><\/p>\n

SEDCO Capital is a global, Shariah-compliant, and ESG-led asset management and investment advisory firm. Our investment philosophy is underpinned by three Ps: principles, partnership, and performance. We provide clients with investment solutions through a dynamic asset allocation process across diversified asset classes that deliver strong risk-adjusted returns. By adopting a global view to investing while looking through the lens of our proprietary Prudent Ethical Investment (PEI) approach, an integration of Shariah-compliant and Responsible Investment principles, we provide our clients with unparalleled global access to investments across developed and emerging markets, including Saudi Arabia, in alignment with their investment objectives. In 2014 we proudly became the first Saudi company and the world\u2019s first Shariah-compliant asset manager to become signatory to the UN Principles of Responsible Investment (UNPRI) and we continue to be recognized for our commitment to responsible investments. SEDCO Capital oversees over $10.5 billion in total assets under management (AUM) and is headquartered in Jeddah with offices in Riyadh and Luxembourg. SEDCO Capital is licensed by the Capital Market Authority (License No. 11157-37). Find out more at www.sedcocapital.com<\/a><\/p>\n

\n

About Umm Al Qura for Development & Construction<\/strong><\/p>\n

Umm Al Qura for development & Construction is the owner and developer of MASAR destination that works with a developmental vision to elevate the urban and investment landscape of Makkah through pioneering the development of Masar destination and exploring new avenues to help improve the quality of life for Makkah residents, pilgrims and visitors.<\/p>\n

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