Empire Iraq has signed an agreement with Marriott International to manage a five-star hotel and an executive apartment property during a ceremony that was held at the newly inaugurated U.S. Consulate in Erbil. The agreement covers a 200-room, upscale Marriott Hotels & Resorts-branded hotel, and a 75-unit deluxe Marriott Executive Apartments’ property. The cost of developing the hotel and apartments is expected to exceed $100m. Both are planned to open in 2014.The agreement is in line with Empire Iraq’s expansion plan for Empire World, a private real estate development project, which will absorb around $1bn, distinguishes itself with its diverse development projects ranging from commercial developments (Erbil Business Tower and Business Complex), Residential developments (Royal City Villas & Apartments), Hospitality and Leisure (Erbil Marriott, Marriott Executive Apartments Erbil and Erbil Speed Centre).Peshrow Agha, chairman of Empire Iraq stated: “We are very excited to welcome Marriott to Empire World; Marriott is the first truly global hotel brand to recognise the potential of Iraq, as a result establishing not one but two properties in the Kurdish Region.”
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