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Marriott, PASHA Real Estate sign deal for Ritz-Carlton resort and residences in Baku’s Zagulba Beach

PUBT·09/03/2026 09:04:42
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Marriott, PASHA Real Estate sign deal for Ritz-Carlton resort and residences in Baku’s Zagulba Beach
  • Marriott signed a multi-property deal with PASHA Real Estate to develop three hotel and residential projects in Azerbaijan and Georgia.
  • Planned Ritz-Carlton beachfront resort in Baku’s Zagulba area with 80 rooms, alongside 282 branded residences.
  • PASHA also plans a new tower extending Ritz-Carlton Residences, Baku with 238 additional luxury units.
  • Agreement includes a Le Méridien hotel in central Tbilisi with 152 rooms, dining venues, events space, fitness facilities.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marriott International Inc. published the original content used to generate this news brief on September 03, 2026, and is solely responsible for the information contained therein.