Hotels, Lodging, Restaurants & Travel M&A » By The Online Investor Staff, updated Sun., Jan. 29, 6:25 PM
Recent mergers and acquisitions in the Hotels, Lodging, Restaurants & Travel M&A category.
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Slide #5. Marriott International — Protea Hospitality Group
Acquirer:
Marriott International (NASDAQ:MAR)
Acquiree:
Protea Hospitality Group
Details:
Marriott International, Inc. (NASDAQ: MAR) today became the largest hotel company in Africa according to published information, and nearly doubled its presence in its Middle East and Africa region to more than 160 hotels and 23,000 rooms as it completed its acquisition of the 116-hotel Protea Hospitality Group (PHG), based in South Africa. Marriott now operates or franchises more than 4,000 hotels in 79 countries.
Marriott International is an operator, franchisor, and licensor of hotel, residential, and timeshare properties under various brand names at different price and service points. Co. has two operating segments: U.S and Canada and International. Co.'s Luxury hotel brands include JW Marriott, The Ritz-Carlton, and St. Regis. Co.'s Premium hotel brands include Marriott Hotels, Sheraton, Delta Hotels, Marriott Executive Apartments, and Marriott Vacation Club. Co.'s Select hotel brands include Courtyard, Residence Inn, Fairfield, SpringHill Suites, Four Points, TownePlace Suites, Protea Hotels, Aloft Hotels, AC Hotels by Marriott, Element Hotels, and Moxy Hotels.
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Avg. Broker Rec.
 
|
Buy (2.68 out of 4) 12nd percentile
(ranked lower than approx. 88% of all stocks covered)
Analysts' Target Price: MAR Stock Forecast Based on Zacks ABR data; powered by Xignite |
