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03.06.2024 - 17:33 / skift.com / Anthony Capuano / Sean Oneill / Marriott International
Marriott International revealed details to Skift on Monday about its newest hotel brand — temporarily named Project Mid-T — in the “midscale” hotel category. The hotel giant said the new brand is primarily aimed at developers converting existing hotels rather than new construction and is meant to appeal to travelers worldwide.
Marriott president and CEO Anthony Capuano had teased the brand’s debut in an early May earnings call without providing details. It revealed more Monday to developers and owners at the New York University International Hospitality Industry Investment Conference.
The new brand aims at transient leisure and business travelers staying an average of 1.8 nights, said Diana Plazas-Trowbridge, senior vice president and global brand leader for select-service brands.
“We’re really focused on making it an easy process for the owner to convert existing assets into this new brand,” said Plazas-Trowbridge. “For consumers, we’re meeting demand at a particular price point we weren’t reaching before with guestrooms with a few key signature items, simple fitness, complimentary simple breakfast, and open social spaces in the lobby.”
Project Mid-T is a conversion brand, meaning it’s designed to convert an existing hotel quickly or to take an office and “adaptively reuse” it as a hotel. For example, the design comes in a mix of guest room sizes that fit the needs of the building or the market (more family travelers or business travelers).
A brand aimed at the middle class
Capuano said earlier this month that the company had chosen to create a conversion brand because the recent run-up in interest rates had created “challenges in the debt markets” for those developers seeking to build hotels from scratch.
Marriott’s new brand is the latest example of hotel groups catering to the midscale segment, a tier that falls in the middle of a spectrum between upscale and luxury brands on the one side and economy and premium-economy brands on the other.
Last year, Marriott debuted the Four Points Express by Sheraton as a midscale brand in Europe and StudioRes as a midscale extended-stay brand in North America. Last year, IHG launched its Garner midscale conversion brand, Hilton launched its Spark midscale conversion brand, and Hyatt launched Hyatt Studios, an “upper-midscale” conversion brand.
The move echoes one of Skift’s Megatrends for this year, which is that hotel groups are developing more brands that serve budget-minded, middle-class guests with limited services but a consistent delivery of essentials.
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