REYKJAVIK, ICELAND—Marriott International, Inc. together with Ian Schrager and Carpenter & Company revealed that it will open its first hotel in Iceland in 2018, The Reykjavik EDITION. Marriott International will manage the hotel under a long-term agreement.
The 250-room hotel will be located on the harbor waterfront in the heart of downtown Reykjavik, immediately adjacent to Harpa, the city’s concert and conference hall. Carpenter and a major Icelandic bank plus local equity investors will finance the project. The project is the result of several years of intensive urban planning lead by the city of Reykjavik.
“This project provides a unique opportunity to bring the first world-class, five-star hotel to the booming Icelandic market. We have a longstanding history in our company of building highly innovative and successful luxury hotels and we are highly confident that this hotel will be a game changer for all parties,” said Richard Friedman, president and CEO, Carpenter & Company. “The location of this hotel couldn’t be more spectacular, with the hotel working in conjunction with the city’s well known Harpa center and its location steps away from the vibrant downtown of Reykjavik.”
Now open in New York, London, Miami and Istanbul, EDITION Hotels marked the next chapter in the lifestyle hotel story. Future hotels in the pipeline are planned for Abu Dhabi, Sanya, China and Bangkok in 2016.
Ian Schrager, chairman and CEO of Ian Schrager Company, commented, “I am thrilled to continue the global expansion of the new EDITION lifestyle brand with this incredibly exciting project in Reykjavik. The city is emerging as a fascinating cultural hub making it the perfect location for an EDITION.”