PASHA Real Estate Group and Marriott International have agreed to a multi-property deal to build three hospitality and residential sites in Azerbaijan and Georgia. The plans feature an 80-room Ritz-Carlton resort and 282 residences in Zagulba, a 238-unit residential tower extension in Baku, and a 152-room Le Méridien hotel in central Tbilisi.
Real estate giant REMAX has announced a major expansion of its global network with the sale of master franchise rights in Libya and a new office opening in Azerbaijan. The Tripoli-based Libyan operation is led by experienced owners Zyead and Alhareth Ghattour. In Baku, entrepreneur İdris Cengiz has launched a 2,000 square foot facility to serve a growing market. These moves increase the brand's presence to more than 120 countries and territories.
Nobu Hospitality has announced two new international developments in partnership with Sea Breeze Resort, Nobu Hotel, Restaurant, and Residences Baku and Nobu Hotel, Restaurant, and Residences Montenegro. The projects, located on the Caspian and Adriatic coasts, will feature luxury hotels, private residences, and Nobu’s world-renowned dining experiences.
