Marriott International signed an agreement with Jamuna Builders Limited to operate the 700-room JW Marriott Hotel Dhaka. The hotel will be part of a mixed-use development that will also include retail and office components, and construction of the hotel is already under way.
Speaking at the signing in Dhaka Simon Cooper, Marriott International’s president and managing director Asia Pacific, said: “We are delighted to be working with Jamuna Builders Limited to open this wonderful JW Marriott hotel in Dhaka. Bangladesh has a thriving economy and the country’s GDP has been growing at approximately 6 percent a year for the past five years. We absolutely believe that now is the right time to bring our luxury JW Marriott brand to Bangladesh and in Jamuna Builders Limited we have an owner with a great vision and drive to make this a truly stunning hotel in a great location.”
The JW Marriott Dhaka will be located in an emerging location in the middle of the city and will feature three restaurants, two bars, a spa with eight treatment rooms, and 2,280 square meters of meeting space.
Mr. Md. Nurul Islam, Jamuna Group’s chairman, said: “Considering the huge growth of international business transactions in Bangladesh, especially in Dhaka Mega City and the present economic growth, the number of existing international hotels is not enough to meet the demand.
A large number of international retail, garment, energy and telecommunications companies, including WalMart, JC Penney, Marks & Spencer, Halliburton, CK, BP, Shell, Exxon Mobil, Motorola, Ericsson and Siemens have offices in Dhaka and are contributing to Bangladesh’s fast growing and diverse economy.
Simon Cooper continued: “With the existing hotel market currently underserved in Dhaka and with the future growth in the infrastructure sector, the demand for quality hotel accommodation in the city is growing strongly. This will be Marriott International’s second hotel in the city as we already have a Courtyard hotel under construction which we expect will open next year.”