PASHA Real Estate and Marriott Sign Deal for Ritz-Carlton and Le Méridien Expansion
PASHA Real Estate Group and Marriott International signed an agreement to develop three new properties across Azerbaijan and Georgia. Plans include a Ritz-Carlton luxury hotel and Ritz-Carlton branded residences at Zagulba Beach in Baku, plus an extension adding residences to a new tower. The deal also anticipates a Le Méridien hotel in Tbilisi with 152 guestrooms and amenities.