IRHM, Your Global Window into Real Estate and Hospitality

September 8, 2026

Le Méridien

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.
Sun Group and Marriott International have signed a major agreement to develop 10 new hotels and resorts in Vietnam by 2030. The partnership will add nearly 4,500 rooms in Phu Quoc and Vung Tau, introducing brands like W Hotels and Moxy to the country. This expansion supports Vietnam's goal of becoming a top global destination and strengthens its infrastructure ahead of international events like APEC 2027.

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